Disclaimers

THis is all the legal stuff our lawyers make us say

Porte Banking Disclaimers

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Savings

The optional Savings Account linked to your designated PORTE account is made available to Accountholders through MetaBank, National Association, Member FDIC. To open a Savings Account, consent to receive communications from us in electronic form is required. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.

  • An interest rate of0.20% will be paid on your average daily balance with an APY of 0.20%.

  • Additionally, the optional Porte Savings account allows you to earn a higher interest rate of 2.97% with an APY of 3.00% on an average daily balance of up to $15,000 during a calendar quarter if you (i) receive at least $3,000 in Qualifying Direct Deposits into your Porte Spending Account in that calendar quarter, AND (ii) make at least fifteen (15) Qualifying Debit Card Purchase Transactions from your Porte Spending Account in that calendar quarter. "Qualifying Direct Deposits" and "Qualifying Debit Card Purchase Transactions" have meaning ascribed to them in the Savings Account Agreement. Then interest paid on average daily balances of over $15,000.00 will be .20% with an APY range for this tier from 3.00% to 0.20%.

The interest rates and APYs of each tier may change. The APYs were accurate as of 2/1/22. No minimum balance to open Savings Account. Savings Account funds are withdrawn through the Porte Account and transaction fees could reduce the interest earned on the Savings Account. See the Savings Account Agreement for more details. Funds on deposit are FDIC insured through MetaBank, N.A. For purposes of FDIC coverage, all funds held on deposit by you at MetaBank, National Association, will be aggregated up to the coverage limit, currently $250,000.00. 

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2 Days Faster

Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Fraud prevention restrictions may delay availability of funds with or without notice.  Early availability of funds requires payor’s support of direct deposit and is subject to the timing of payor’s payment instruction.

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ATM Fee

No ATM owner surcharge or ATM Cash Withdrawal Fees for domestic ATM withdrawals at MoneyPass® ATMs (“in-network ATMs”). Visit the Porte Mobile App for a list of in-network ATMs. All other ATMs may apply an owner’s surcharge fee in addition to the ATM Cash Withdrawal Fee disclosed in your Deposit Account Agreement. Balance Inquiry Fees apply.

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Cash Transfer/Load

Porte uses the Netspend Network, which is provided by Netspend Corporation and its authorized agents. Netspend is a licensed provider of money transfer services (NMLS: 932678). Netspend’s licenses and related information may be found at www.netspend.com/licenses. Fees, limits, and other restrictions may be imposed by Netspend and other third parties in connection with use of the Netspend NEtwork. Fee may be assessed by reload location and may vary from location to location.

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Door To Change

After selecting a charity through your Mobile App, Populus Financial Group will donate an amount equal to 0.05% of every debit card purchase transaction, subject to certain terms and conditions, made with your Porte Debit Card to a charity selected by you through the Mobile App. Netspend, MetaBank, National Association, and Visa are not affiliated in any way with this offer and do not endorse or sponsor this offer.

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Mobile App

Standard data rates, fees, and charges may apply.

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Mobile Check Capture

Mobile Check Capture is a service provided by Sunrise Banks, N.A. and Ingo Money, Inc., subject to the Sunrise Banks and Ingo Money Terms and Conditions, and Privacy Policy. Approval review usually takes 3 to 5 minutes but can take up to one hour. All checks are subject to approval for funding in Ingo Money’s sole discretion. Fees apply for approved Money in Minutes transactions funded to your account. Unapproved checks will not be funded to your account. Ingo Money reserves the right to recover losses resulting from illegal or fraudulent use of the Ingo Money Service. Your wireless carrier may charge a fee for message and data usage. Additional transaction fees, costs, terms and conditions may be associated with the funding and use of your account. See your Deposit Account Agreement for details.

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Money Transfer

Fees apply, see Account Agreement for details. 

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No Monthly Fee

Other fees may apply. See your Deposit Account Agreement for details.

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Overdraft Choice

Overdraft Choice is available to customers enrolled in the Overdraft Service. By switching Overdraft Choice to “off”, you are requesting us to deny any transaction that may overdraw your account. Whether we pay any item presented on your account is still up to our discretion and you will remain liable for any negative balance on your account. See the Porte Agreement for more details. 

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Optional Overdraft Service

The Debit Card Overdraft Service is an optional service made available to eligible PORTE customers by MetaBank, National Association. Once you enroll and meet the eligibility requirements, you will be charged $20.00 for each transaction that overdraws your account by more than $10.00, up to a maximum of five (5) fees per calendar month. To avoid that fee, you have twenty-four (24) hours from the time of the first transaction that creates the overdraft to bring your Account back to a zero ($0.00) or a positive balance. Transactions subject to an overdraft fee are signature and PIN purchase transactions and ATM transactions. ACH Debit transactions are not eligible for coverage. Any negative balance must be repaid within thirty (30) days. Whether we authorize an overdraft is discretionary, and we reserve the right not to pay. For example, we typically will not pay overdrafts if you fail to meet the eligibility requirements for this service or you attempt too many transactions or transactions that create too large of an overdraft. Call us at 1-800-267-7080 or log in to your Mobile App for additional terms and conditions that apply, including initial and ongoing eligibility requirements for the service. This service is expensive, so we encourage you to research alternatives before enrolling. Once enrolled, you may opt-out at any time; however, you are responsible to repay any overdrawn amounts on your account even if you opt-out of the service.

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Patriot Act

IMPORTANT INFORMATION FOR OPENING A NEW DEPOSIT ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information that identifies each person who opens an Account. WHAT THIS MEANS FOR YOU: When you open an Account, we will ask for your name, address, date of birth, and your government ID number. We may also ask to see a copy of your driver’s license or other documents at any time. All Accounts are opened subject to our ability to verify your identity by requiring acceptable types of identification. We may validate the information you provide us to ensure we have a reasonable belief of your identity. If we are not able to verify your identity to our satisfaction, we will not open your Account or we may close the Account if it was previously funded. Your Account is subject to fraud prevention restrictions at any time, with or without notice.

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Porte Perks

By activating and using a Porte Account, your participation in the rewards program is automatically activated. However, you may opt-out of the program at any time by visiting the Porte Perks page within the Porte App. The reward offers we choose and send to you are based on your shopping habits. We will not share any personal information about you with the merchants who sponsor offers. When you activate an offer and make a purchase with the card, the merchant will not know you are a rewards program customer, but you will become their customer. For more details about how and when you get rewarded, see the program FAQs and program terms and conditions. Cash back rewards are credited to your Account and are not available in the form of a check or other direct payment method. Program sponsor: Netspend Corporation. MetaBank®, National Association, is not affiliated in any way with the program and neither endorses nor sponsors it.

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Refer a Friend

Referral bonus paid after referred person establishes an account and receives a payroll or government benefits direct deposit of $500 or more within 6 months of account opening. An accountholder may receive up to $500 in Refer-a-Friend rewards while program is available. The $100 credit is a limited time promotion valid for those completing qualification requirements between 5/4/2021 and 9/4/2021. Qualifying referrals occurring after 9/4/2021 will receive a $50 credit. Accountholder acknowledges that by referring a friend through this program, accountholder is releasing non-public information to the referred person. Referred person acknowledges that payment of the referral may result in accountholder’s knowledge of referred person establishing an account and receiving a direct deposit. Valid as of 5/4/20. Terms of the program are subject to change and may be modified, suspended or terminated at any time. MetaBank®, N.A., and Visa are not affiliated in any way with the Refer-a-Friend rewards program and do not endorse or sponsor the program.