These terms and conditions outline the rules and regulations for the use of RewardU LLC's Website.
This Agreement shall begin on the date hereof.RewardU LLC is located in:
By accessing the RewardU website or mobile application, or by otherwise using RewardU Services we assume you accept these terms and conditions in full. Do not continue to use RewardU LLC's website, mobile application or Services if you do not accept all of the terms and conditions stated on this page.
The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and any or all Agreements: "User", "You" and "Your" refers to you, the person accessing this website and accepting the Company’s terms and conditions. "The Company", "Ourselves", "We", "Our" and "Us", refers to our Company. "Party", "Parties", or "Us", refers to both the User and ourselves, or either the User or ourselves. All terms refer to the offer, acceptance and consideration of payment necessary to undertake the process of our assistance to the User in the most appropriate manner, for the express purpose of meeting the User’s needs in respect of provision of the Company’s stated services/products, in accordance with and subject to, prevailing law of the state of Pennsylvania, USA. Any use of the above terminology or other words in the singular, plural, capitalisation and/or he/she or they, are taken as interchangeable and therefore as referring to same.
The RewardU Terms of Service ("Terms") are a legally binding agreement between you and RewardU LLC ("RewardU"), and apply to your use of a RewardU account ("Account") and any RewardU products and services that you access using an Account (the "RewardU Services"). RewardU offers a software platform that facilitates crowd-funded college savings using an internet connection. Funds transfers are performed by our Financial Service Providers based on instructions issued through the RewardU software platform. The RewardU software platform does not transact any fund transfers and does not store any Payment Provider Account Information or Bank Account Information.
Our Financial Service Providers are the entities that perform funds transfers and may hold your funds in Holding Accounts of their Financial Institution Partners. Except as specifically set forth in these Terms, our Financial Service Providers have no responsibility to perform the RewardU Services or fulfill any obligations under these Terms.
It is important that you read and understand these Terms as they govern your use of the RewardU Services. These Terms contain a binding arbitration provision, which affects your legal rights and may be enforced by the parties. By accessing or using the RewardU Services, you accept and agree to be bound by these Terms. If you do not agree to these Terms, you must immediately stop using the RewardU Services.
We may amend these Terms at any time by posting a revised version on RewardU websites, including but not limited to http://collegesocialfund.com, or any other website we maintain for purposes of providing the RewardU Services. Amended Terms are effective at the time we post them and your continued use of the RewardU Services constitutes your acceptance of any amended Terms. We may provide you with notice regarding upcoming Terms changes by email. Capitalized terms used in these Terms have the meaning assigned to them in Appendix 1 of these Terms (Definitions).
RewardU provides a software platform. The RewardU software platform facilitates sending and receiving electronic payments to other RewardU users. All funds transfer services are provided by our Financial Service Providers, as RewardU does not receive, hold, or transmit funds. RewardU provides the software platform that allows you to send funds transfer instructions to our Financial Service Providers. Any funds recorded as RewardU Balance in your Account are held in one or more pooled holding accounts held by the Financial Institution Partners of our Financial Service Providers. THE FUNDS HELD IN A HOLDING ACCOUNT ARE NOT ELIGIBLE FOR FDIC INSURANCE, OR INDIVIDUAL INSURANCE AND MAY NOT BE ELIGIBLE FOR SHARE INSURANCE OFFERED BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND.
You agree that you are opening the Account for personal, family, or household purposes, and are not opening the Account for business purposes.
Accuracy of your personal information
When you register for an Account, you may be required to provide information that will allow us to verify your identity, including but not limited to: a valid US physical address (not including P.O. Boxes or commercial mail receiving agencies), phone number, bank or credit union account information, a copy of your photo identification. REWARDU WILL NEVER ASK FOR YOUR TAX IDENTIFICATION NUMBER OR YOUR SOCIAL SECURITY NUMBER. You agree to provide true and accurate information to RewardU when you create your Account. You also agree to update this information to keep it true and accurate at all times.
You may be required to provide additional information or documentation to allow RewardU to verify your identity and/or your account information. RewardU may also verify your information against third party databases or other sources and you authorize RewardU to make such inquiries.
You are responsible for keeping your Account login information and password. If you share your Account credentials with another person, you are responsible for all activity that person conducts using your Account, regardless of whether or not you authorized the activity. REWARDU WILL NEVER ASK YOU FOR YOUR ACCOUNT CREDENTIALS.
Authorization to debit your linked bank or credit union account
If you link a bank or credit union account to your Account, the bank or credit union must be a state or federally-chartered institution in the United States. When you make a payment that is funded by your bank or credit union account, you are authorizing RewardU to instruct our Financial Service Providers to initiate an electronic transfer from your linked bank or credit union account in the amount you specify. You are solely responsible for complying with any terms set by your bank or credit union with respect to your bank or credit union account, including any fee terms, such as non-sufficient fund or overdraft fee terms. If you are entitled to a Reversal, refund, or other adjustment associated with a payment you made using RewardU's Financial Service Providers, you also authorize RewardU's Financial Institution Partners to credit your linked bank or credit union account to complete that transaction.
Automated Clearing House clearing times
If you link a bank or credit union account to your Account, you may send a payment using your linked bank or credit union account or transfer RewardU Beneficiary Contributions to your linked bank or credit union account. If you do so, you acknowledge that normal Automated Clearing House clearing times will apply. This means that the funds should generally be available to you or your recipient within 4 business days. RewardU will wait until funds have been cleared before RewardU Beneficiary Contributions will be made available for transfer into the designated Educational Savings Account or Bank Account.
No endorsement of products
RewardU does not provide any endorsements or guarantees for any individual or entity using the RewardU system, nor any third party offers, goods or services featured on RewardU websites. Information regarding third party offers, goods, and services is provided on RewardU websites for informational purposes only, and may not be true, accurate, or reliable.
By opening an Account and using the RewardU Services, you consent to receive all Communications from RewardU electronically and you confirm that you can access, receive and retain such Communications. "Communications" means all communications, terms, disclosures, notices, and statements that RewardU provides to you in connection with your Account and your use of the RewardU Services. RewardU provides Communications to you by posting them on RewardU websites including, but not limited to, collegesocialfund.com or by emailing them to you at the email address associated with your Account.
Notices to you
A Communication will be considered to be received by you within 24 hours after the time we post it to our website or email it to you.
Hardware and software requirements
In order to access and retain Communications electronically, you need the following hardware and software:
Keeping your contact information updated
You must keep your email address updated in order to receive Communications from RewardU electronically. To update the email address associated with your Account, log into your Account and access the "Manage Your Account" section.
Requesting paper copies
You may request a paper copy of a Communication that we provided to you electronically by contacting us at email@example.com. We will send it to the mailing address on file for your Account. RewardU may charge you a fee of $5.00 for each paper copy of a Communication sent to you.
You may withdraw your consent to receive Communications electronically by contacting us at firstname.lastname@example.org. If you withdraw your consent, RewardU may prohibit you from using the RewardU Services and may close your Account.
How to contact us regarding electronic Communications
If you have any questions regarding our policy on electronic Communications, please email us at email@example.com.
RewardU Fees vary depending on the payment method used.
If a payment that you make or receive is subject to a Reversal, you may be charged a fee of $15.00 ("Reversal Fee"). Any payment that you receive may be reversed if: (a) the sender requests a reversal of the payment, (b) the sender’s bank or credit union requests a reversal of the payment, or (c) our Financial Service Providers decide a Dispute against you (each a "Reversal"). You are liable to our Financial Service Providers for the full amount of any payment that you receive that is subject to a Reversal and the Reversal Fee, if applied.
Our Financial Service Providers limit on the amount of money that can be sent from your Account per transaction. The per transaction limit is $5,000.00 per transaction. Our Financial Service Providers reserve the right to decrease your sending limit at any time, for any reason.
Release of RewardU
By filing a Dispute, you understand and agree that:
How to file a Dispute
To file a Dispute, follow these steps:
Within 45 days of the original transaction, email firstname.lastname@example.org with the following information:
You are responsible for all Reversals, claims, fees, fines, penalties, and other liability incurred by our Financial Service Providers, their Financial Institution Partners, other RewardU users, or third parties arising from your breach of these Terms or your use of the RewardU Services. You agree to reimburse RewardU, our Financial Service Providers, their Financial Institution Partners, other RewardU users, or third parties for any and all such liability.
Actions we may take
If we determine, in our sole discretion, that you may have breached these Terms, that you or your Account activity presents risk or security concerns, or if we are unable to verify your identity, we may take actions to protect RewardU and our users, our Finanical Service Providers, their Financial Institution Partners, or other third parties from Reversals, claims, fines, penalties, and any other liability. These actions may include, but are not limited to, the following:
Notice of limit or suspension
We will provide you with notice if we take any of the above actions against your Account. If we limit or suspend your Account, we will provide you with notice of our action.
Notify RewardU of Account Errors
Contact RewardU immediately at email@example.com if you think that: (a) your Account has been accessed without your authorization, (b) a transaction that you did not authorize has occurred, (c) a transaction has been processed incorrectly to or from your Account, or (d) your Account contains an error regarding your transaction history. If you give someone access to your Account and that person conducts transactions without your authorization, these transactions are not considered Errors, unless you are the victim of a phishing attack or similar exploit. We must hear from you within 60 days after we provided the Account statement on which the suspected Error first appeared.
How to notify RewardU
When you notify us of the suspected Error, please provide:
Investigation by RewardU
We will determine whether an Error occurred within 10 business days after you notify us and will correct any Error promptly. If we need more time, we may take up to 45 days to investigate. If we decide to do this, we will credit your Account within 10 business days for the amount of the suspected Error. If we ask you to send your inquiry by email and we do not receive it within 10 business days, we may not credit your Account. For Errors involving new Accounts, we may take up to 90 days to investigate and may take up to 20 business days to credit your Account.
RewardU will tell you the results within 3 business days after completing our investigation. If we decide that there was no Error, we will provide you a written explanation. You may ask for copies of the documents that we used in our investigation.
You may stop using the RewardU Services at any time. You may also close your Account at any time, as long as you have no pending transactions or open Disputes, by contacting us at firstname.lastname@example.org. You will be required to transfer any RewardU Balance to your Beneficiaries' designated Educational Savings Account before closing your RewardU Account.
We may close your Account or terminate your access to the RewardU Services without liability, for any reason, upon notice to you. Reasons for termination may include, but are not limited to, your violation of these Terms or any other applicable terms or policies of RewardU, our Financial Service Providers, or their Financial Institution Partners, Account inactivity, or RewardU’s assessment that you pose an unacceptable risk to the RewardU network, at our sole discretion. RewardU also reserves the right to modify or terminate the RewardU Services at any time, for any reason.
You and RewardU agree that upon the election of either of the Parties, any past, present, or future dispute relating in any way to your Account, or any other past, present, or future relationship or transaction between the Parties, will be resolved by binding arbitration as discussed below, and not through litigation in any court. Such disputes are called "Claims" for purposes of this agreement. This binding agreement to arbitrate applies regardless of whether the dispute is between you and us jointly or separately. This arbitration agreement is entered into pursuant to the Federal Arbitration Act, 9 U.S.C. §§ 1-16. The arbitration shall be conducted by a single neutral arbitrator, and in accordance with the then-applicable United States Arbitration and Mediation Rules of Arbitration. Unless the Parties agree otherwise, or unless the arbitration administrator's rules or law require otherwise, the arbitration shall be held in Lancaster, Pennsylvania.
The arbitrator will decide the Claim in accordance with all applicable law, including recognized principles of equity and statutes of limitations, and will honor all privileges recognized by law. The arbitrator will have the authority to award to a Party any damages or relief provided for under applicable law. The arbitrator's decision shall be final and legally binding, and may be enforced by any court having jurisdiction.
No class actions or similar process, and no joinder or consolidation of any Claim with a Claim of any other person or entity, shall be allowable in arbitration, without the written consent of both Parties. The arbitrator shall have no authority to entertain any Claim on behalf of a class, group, person, or entity who is not a named party to the arbitration, nor shall any arbitrator have authority to make any award for the benefit of, or against, any class, group, person, or entity who is not a named party to the arbitration. In the event that there is a dispute about whether limiting arbitration to non-class proceedings, or to the named parties, is enforceable under applicable law, then that question shall be resolved by a court rather than by an arbitrator; and to the extent it is determined that resolution of a Claim must proceed on a class basis, it shall so proceed in a court of competent jurisdiction rather than in arbitration. If you elect to proceed with respect any Claim by an individual action in a small claims court, or its equivalent, instead of arbitration, we will not object, however, any such action shall be taken in small claims court in Lancaster, Pennsylvania.
Each Party will be responsible for any other fees or costs, such as attorney fees that the Party may incur.
Arbitration with respect to a Claim is binding and neither Party will have the right to litigate that Claim through a court. In arbitration the Parties will not have the same rights that apply in court, such as the right to a trial by judge or jury and the right to participate or be represented in proceedings brought by others such as class actions or similar proceedings. In addition, the right to discovery and the right to appeal may also be limited or eliminated in arbitration. All of these judicial rights are waived with respect to Claims that the Parties elect to arbitrate.
You agree to defend, indemnify and hold harmless RewardU, our Finanical Service Providers, their Financial Institution Partners, and our and their respective officers, directors, agents, employees, and suppliers from any third party claims, actions, proceedings, and suits and related liabilities, damages, settlements, penalties, fines, costs or expenses (including reasonable attorneys' fees and other litigation expenses) arising from: (a) your violation of these Terms or any other applicable terms or policies of RewardU, our Financial Service Providers, or their Financial Institution Partners; (b) your use of the RewardU Services; or (c) your negligence or willful misconduct; and/or (d) your actual or alleged violation of any third party rights, or any applicable laws, regulations or rules.
Limitation of liability
IN NO EVENT SHALL REWARDU, OUR FINANCIAL SERVICE PROVIDERS, OR THEIR FINANCIAL INSTITUTION PARTNERS, OR OUR OR THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, EMPLOYEES, OR SUPPLIERS BE LIABLE TO YOU OR ANY THIRD PARTY UNDER ANY CIRCUMSTANCES FOR ANY INDIRECT, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES OR LOSSES, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES INCURRED IN CONNECTION WITH: (i) THESE TERMS, (ii) YOUR USE OF, INABILITY TO USE, OR UNAVAILABILITY OF THE REWARDU SERVICES, OR (iii) ANY GOODS OR SERVICES PURCHASED, RECEIVED, OR PAID FOR USING THE REWARDU SERVICES, UNDER ANY THEORY OF LIABILITY OR CAUSE OF ACTION WHETHER IN TORT (INCLUDING NEGLIGENCE), CONTRACT, OR OTHERWISE, REGARDLESS OF WHETHER REWARDU, OUR FINANCIAL SERVICE PROVIDERS, OR THEIR FINANCIAL INSTITUTION PARTNERS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL REWARDU, OR EACH OF OUR FINANICAL SERVICE PROVIDERS, OR EACH OF THEIR FINANCIAL INSTITUTION PARTNERS’ LIABILITY AND THE LIABILITY OF OUR AND THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, EMPLOYEES, AND SUPPLIERS EXCEED THE FEES REWARDU HAS RECEIVED FROM YOU THROUGH YOUR USE OF THE REWARDU SERVICES. REWARD, OUR FINANCIAL SERVICE PROVDIERS, AND THEIR FINANCIAL INSTITUTION PARTNERS SHALL NOT BE JOINTLY LIABLE FOR ANY MATTERS HEREUNDER. THIS LIMITATION OF LIABILITY SECTION SHALL APPLY TO FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.
THE REWARDU SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT ANY REPRESENTATION OF WARRANTY, WHETHER EXPRESS, IMPLIED, OR STATUTORY. USE OF THE REWARDU SERVICES IS AT YOUR OWN RISK. REWARDU, OUR FINANCIAL SERVICE PROVIDERS, AND THEIR FINANCIAL INSTITUTION PARTNERS, AND OUR AND THEIR RESPECTIVE OFFICERS, DIRECTORS, AGENTS, EMPLOYEES, AND SUPPLIERS, SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. NEITHER REWARDU, NOR OUR FINANICAL SERVICE PROVIDERS, NOR THEIR FINANCIAL INSTITUTION PARTNERS HAVE CONTROL OF, OR LIABILITY FOR, ANY PRODUCTS OR SERVICES THAT ARE PAID FOR USING THE REWARDU SERVICES AND CANNOT ENSURE THAT ANY THIRD PARTY YOU TRANSACT WITH WILL COMPLETE THE TRANSACTION. NEITHER REWARDU, NOR OUR FINANCIAL SERVICE PROVIDERS, NOR THEIR FINANCIAL INSTITUTION PARTNERS REPRESENT OR WARRANT THAT THE REWARDU SERVICES WILL MEET YOUR REQUIREMENTS, BE CONTINUOUS, UNINTERRUPTED, SECURE, TIMELY, OR ERROR-FREE, OR THAT DEFECTS WILL BE CORRECTED. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM REWARDU OR THROUGH THE REWARDU SERVICES WILL CREATE ANY WARRANTY NOT EXPRESSLY STATED HEREIN. NEITHER REWARDU, NOR OUR FINANCIAL SERVICE PROVIDERS, NOR THEIR FINANCIAL INSTITUTION PARTNERS SHALL BE RESPONSIBLE FOR ANY SERVICE INTERRUPTIONS OR SYSTEM FAILURES THAT MAY AFFECT THE PROCESSING, COMPLETION, OR SETTLEMENT OF REWARDU SERVICES TRANSACTIONS. THIS DISCLAIMER OF WARRANTY SECTION SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.
You understand and agree we will not be held responsible for any losses or damages resulting from suspension of service due to extraordinary events or circumstances beyond our control. In such an event, RewardU may suspend the RewardU Services and access to your Account and our Financial Service Providers may suspend service and access to funds in the Holding Accounts of their Financial Institution Partners.
You may not transfer or assign any rights or obligations you have under these Terms. RewardU reserves the right to transfer or assign any rights or obligations under these Terms at any time.
You agree that the laws of the State of Pennsylvania, without regard to principles of conflict of laws, govern these Terms and any claim or dispute that has arisen or may arise between you and RewardU.
Complete agreement, no waiver, and survival
These Terms, along with any applicable terms and policies of RewardU, our Financial Service Providers, or their Financial Institution Partners that you have agreed to, set forth the entire understanding between you, RewardU, our Financial Service Providers, and their Financial Institution Partners with respect to the RewardU Services. Any failure of RewardU to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. Any provision of these Terms held to be invalid or unenforceable under applicable law shall be struck, and the remaining provisions will continue in full force and effect. Any other terms which by their nature should survive, will survive the termination of these Terms.
Unless otherwise stated, RewardU LLC and/or it’s licensors own the intellectual property rights for all material on RewardU LLC websites and mobile applications. All intellectual property rights are reserved. You may view and/or print pages from RewardU websites, including but not limited to https://collegesocialfund.com for your own personal use subject to restrictions set in these terms and conditions.
You must not:
We will approve link requests from these organizations if we determine that: (a) the link would not reflect unfavorably on us or our accredited businesses (for example, trade associations or other organizations representing inherently suspect types of business, such as work-at-home opportunities, shall not be allowed to link); (b)the organization does not have an unsatisfactory record with us; (c) the benefit to us from the visibility associated with the hyperlink outweighs the absence of RewardU LLC; and (d) where the link is in the context of general resource information or is otherwise consistent with editorial content in a newsletter or similar product furthering the mission of the organization.
These organizations may link to our home page, to publications or to other Web site information so long as the link: (a) is not in any way misleading; (b) does not falsely imply sponsorship, endorsement or approval of the linking party and it products or services; and (c) fits within the context of the linking party's site.
If you are among the organizations listed in paragraph 2 above and are interested in linking to our website, you must notify us by sending an e-mail to email@example.com. Please include your name, your organization name, contact information (such as a phone number and/or e-mail address) as well as the URL of your site, a list of any URLs from which you intend to link to our Web site, and a list of the URL(s) on our site to which you would like to link. Allow 2-3 weeks for a response.
Approved organizations may hyperlink to our Web site as follows:
No use of RewardU LLC’s logo or other artwork will be allowed for linking absent a trademark license agreement.
Without prior approval and express written permission, you may not create frames around our Web pages or use other techniques that alter in any way the visual presentation or appearance of our Web site.
Links to RewardU LLC websites should not be misleading and should use appropriate link text. Links may not contain or consist of the RewardU logo or other stylized trademark or service mark without our prior written consent. Except as otherwise expressly authorized by RewardU LLC, "deep linking" is not permitted. Links should point only to the RewardU home page at [collegesocialfund.com] and should not point to any other page on the site. You may not link to the site using any inline linking technique. You must not frame the content of this site or use any similar technology to alter in any way the visual presentation or appearance of the site.
This site includes links to other sites owned and operated by third parties. We have no control over the content of third party web sites and RewardU LLC accepts no responsibility for such sites. Links to third party sites are not endorsements or recommendations of these sites.
Upon demand by RewardU LLC, you agree to delete any links to the RewardU website that are within your control.
We reserve the right at any time and in its sole discretion to request that you remove all links or any particular link to our Web site. You agree to immediately remove all links to our Web site upon such request. We also reserve the right to amend these terms and conditions and its linking policy at any time. By continuing to link to our Web site, you agree to be bound to and abide by these linking terms and conditions.
If you find any link on our Web site or any linked web site objectionable for any reason, you may contact us about this. We will consider requests to remove links but will have no obligation to do so or to respond directly to you.
Whilst we endeavour to ensure that the information on this website is correct, we do not warrant its completeness or accuracy; nor do we commit to ensuring that the website remains available or that the material on the website is kept up to date. THIS SITE AND ITS CONTENT IS PROVIDED AS IS, AS AVAILABLE WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. IN NO EVENT SHALL REWARDU LLC HAVE ANY LIABILITY, WHETHER ARISING IN TORT, CONTRACT, OR OTHERWISE, FOR YOUR USE OF OR INABILITY TO USE THE SITE.
We shall have no responsibility or liability for any content appearing on your Web site. You agree to indemnify and defend us against all claims arising out of or based upon your Website. No link(s) may appear on any page on your Web site or within any context containing content or materials that may be interpreted as libelous, obscene or criminal, or which infringes, otherwise violates, or advocates the infringement or other violation of, any third party rights.
Nothing contained in this Agreement shall be deemed or construed as creating any partnership, joint venture, employment relationship, agency or other relationship between the Parties. No officer, employee, agent, or servant of Company shall be deemed at any time to be an employee, servant, or agent of you for any purpose whatsoever. Neither Party shall hold itself out as a partner, joint investor, principal or agent of the other under this Agreement.
To the maximum extent permitted by applicable law, we exclude all representations, warranties and conditions relating to our website and the use of this website (including, without limitation, any warranties implied by law in respect of satisfactory quality, fitness for purpose and/or the use of reasonable care and skill). Nothing in this disclaimer will:
The limitations and exclusions of liability set out in this Section and elsewhere in this disclaimer: (a) are subject to the preceding paragraph; and (b) govern all liabilities arising under the disclaimer or in relation to the subject matter of this disclaimer, including liabilities arising in contract, in tort (including negligence) and for breach of statutory duty.
To the extent that the website and the information and services on the website are provided free of charge, we will not be liable for any loss or damage of any nature.
"Account" means a RewardU Account.
"Application" means the software platform, website and/or mobile applications.
"Beneficiary" means the designated recipient (student) of saved funds.
"Dispute" means a dispute claim filed with RewardU.
"Educational Savings Account" means an Account established by a government entity primarily for government purposes and not for personal, family, or household purposes.
"Facilitator" means a third party or third party software that facilitates a payment or financial transaction.
"Facilitator Fee" means the fee charged by a Facilitator.
"Financial Institution Partners" means any banks of our Financial Service Providers, their successors, affiliates, and assigns.
"Financial Service Providers" means PayPal, their successors, affiliates, and assigns and Dwolla, their successors, affiliates, and assigns.
"Holding Account" means one or more pooled holding accounts held by the Financial Institution Partners of our Financial Service Providers. A HOLDING ACCOUNT IS NOT ELIGIBLE FOR FDIC INSURANCE, OR INDIVIDUAL INSURANCE AND MAY NOT BE ELIGIBLE FOR SHARE INSURANCE OFFERED BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND.
"Reversal Fee" means the fee that may be charged for any Reversal associated with your Account.
"Reversal" means a Financial Service Provider's reversal of a payment you received because: (a) the sender requests a reversal of the payment, (b) the sender’s bank or credit union requests a reversal of the payment, or (c) RewardU or our Financial Service Providers decide a Dispute against you.
"RewardU" means RewardU, LLC. and its successors, affiliates, or assigns.
"RewardU Balance" means the amount of funds contributed to your Beneficiaries minus the amount of funds transferred to your Beneficiaries' Educational Savings Accounts. A RewardU Balance represents funds held for your benefit by our Financial Service Providers in Holding Accounts of their Financial Institution Partners.
"RewardU Services" means all products and services, including Accounts, offered by RewardU through our websites, applications, or through any other means.
"Terms" means these RewardU Terms of Service, as may be amended from time to time.
"The Company", "our", "ourselves", "us", or "we" refers to RewardU.
"User", "you" or "your" means any person or entity using the RewardU Services.