Is Paypal Federally Insured?

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PayPal offers a variety of financial services and solutions that may meet some people’s banking needs. You may pay your bills with PayPal either online or through the PayPal app. Some of the PayPal credit cards, debit cards, and financing alternatives may be useful if you’re seeking for a handy way to gain more benefits from your PayPal account.

PayPal may be an effective way to manage your money, especially if you are unable to acquire a regular bank account due to a poor ChexSystems score.

Because PayPal is not a bank, money left in your PayPal account is not FDIC guaranteed in the same way that money left in a bank account is. Requesting (and receiving) a PayPal Cash Card is the best way to get FDIC insurance for your PayPal money.

PayPal will begin depositing your funds into a pooled account held by PayPal at an FDIC-insured bank once you have a PayPal Cash Card. PayPal intends to provide these funds with FDIC protection through a pass-through mechanism up to the applicable limits. With that in mind, we recommend choosing an account with direct FDIC protection if you store a considerable amount of money in your account.

PayPal also does not provide the same breadth of financial services as a full-service bank. One modest example: PayPal does not offer paper checks, which are generally a basic feature of bank checking accounts. PayPal isn’t the option for you if you want the in-person experience of a traditional bank. PayPal also doesn’t offer products and services like auto loans, house mortgages, home equity lines of credit, or wealth management that you may get at a full-service bank.

Is your PayPal money insured?

FDIC pass-through insurance information When you use Direct Deposit to add money to your PayPal account, the monies in your account are eligible for FDIC pass-through protection. PayPal will act as your agent and custodian for these funds, and you will be the ultimate beneficial owner.

Why is PayPal not FDIC insured?

PayPal isn’t a bank, and it doesn’t accept deposits. The monies in your PayPal Cash Plus account will not earn you any interest. Unless you have successfully requested a PayPal Cash Card, the funds in your PayPal Cash Plus account are not guaranteed by the FDIC. PayPal Cash Card is a debit card that is linked to your PayPal Cash Plus account. If you are approved for a PayPal Cash Card, Paypal will deposit the funds in your PayPal Cash Plus account into a pooled deposit account at an FDIC-insured bank for your benefit. This structure is intended to offer the funds in your PayPal Cash Plus account with the benefit of pass-through FDIC insurance up to applicable limits for accounts with a PayPal Cash Card.

All funds held in U.S. Dollars (USD) in your PayPal Cash Plus balance will be deposited by PayPal into one or more custodial accounts that they have set up at FDIC-insured banks when you enroll in PayPal features that include pass-through insurance (currently only available to select U.S. customers in beta). Paypal now holds all of those monies in a Wells Fargo Bank, N.A. account, but they can move them to custodial accounts at other FDIC-insured banks at any moment and without warning.

Your funds should be covered by the FDIC up to the normal deposit insurance amount (currently $250,000) if one of the banks where Paypal has put your assets fails. The FDIC will add the monies in your qualifying PayPal Cash Plus account to the amounts you have on deposit in other accounts at the same bank when establishing your coverage limit.

Is PayPal SIPC insured?

THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC), THE SECURITIES INVESTOR PROTECTION CORPORATION (SIPC), OR ANY OTHER PUBLIC OR PRIVATE INSURER, INCLUDING AGAINST CYBER THEFT OR THEFT BY OTHER MEANS, DO NOT PROVIDE CRYPTO ASSETS WITH INSURANCE. IN MANY STATES, INCLUDING CALIFORNIA, CRYPTOCURRENCY ACTIVITY IS NOT A REGULATED ACTIVITY. CRYPTO ASSET VALUES CAN BE EXTREMELY VOLATILE AND UNPREDICTABLE, RESULTING IN SIGNIFICANT LOSSES IN A SHORT AMOUNT OF TIME, INCLUDING POSSIBLY A LOSS OF TOTAL VALUE. CRYPTO ASSETS’ PRICE AND LIQUIDITY HAVE BEEN SUBJECTED TO LARGE FLUCTUATIONS IN THE PAST AND MAY BE SUBJECTED TO LARGE FLUCTUATIONS IN THE FUTURE. BUYING AND SELLING CRYPTO ASSETS IS INHERENTLY RISKY, AND YOU SHOULD CONSIDER THE RISKS BEFORE DECIDING TO BUY OR SELL CRYPTO ASSETS, INCLUDING THOSE IN THE RISK DISCLOSURES AND STATE DISCLOSURES SECTIONS BELOW.

These cryptocurrency terms and conditions (“Cryptocurrency Terms”) apply to the area of your PayPal Balance account (“Balance Account”) where you can purchase, sell, hold, and learn about cryptocurrency (your “Cryptocurrencies Hub”) and the services available in your Cryptocurrencies Hub. Any account that is currently or previously known as a PayPal Cash or a PayPal Cash Plus account is referred to as a PayPal Balance account.

To access the Cryptocurrencies Hub inside your Balance Account and use the related services, you must be an individual who is a resident of the United States or one of its territories and is at least 18 years old, or the age of majority in your state or territory of residence. At this moment, residents of Hawaii are not able to access the Cryptocurrencies Hub.

You agree to adhere with all parts of these Cryptocurrency Terms by accessing and using the Cryptocurrencies Hub. Your complete Balance Account connection is governed by the Agreement to Arbitrate on an individual basis that regulates your Cryptocurrencies Hub. You also agree to obey the extra policies listed below:

Please read these Cryptocurrency Terms and any other agreements or policies that apply to you carefully, including our Privacy Statement, which applies to the transaction and activity data we collect with your Cryptocurrencies Hub. Because your Cryptocurrencies Hub is a part of your PayPal Balance Account, the PayPal Balance Terms and Conditions apply to it, unless otherwise stated in these Cryptocurrency Terms. If the PayPal Balance Terms and Conditions conflict with these Cryptocurrency Terms, the Cryptocurrency Terms will take precedence.

We reserve the right to change these Cryptocurrency Terms, as well as any of the agreements and policies described above, at any time. Unless otherwise stated, the amended version will take effect at the time it is posted. If we make changes to these Cryptocurrency Terms that diminish your rights or raise your duties, we’ll post a notice on our website’s Policy Updates page and provide you at least 21 days’ notice, or as long as the law requires. You agree to obey and be bound by any changes to these Cryptocurrency Terms by continuing to use our services, including by holding Crypto Assets (as defined below). If any changes to these Cryptocurrency Terms are unacceptable to you, you must sell your Crypto Assets and cease using your Cryptocurrencies Hub. Please keep in mind that any profit or loss you make while selling your Crypto Assets may have tax implications.

You will be able to hold a Crypto Asset balance, as well as buy and sell Crypto Assets, including in transactions where the proceeds from a sale of Crypto Assets are used to pay for purchases using PayPal, if you create and access the Cryptocurrencies Hub. The digital Crypto Assets themselves will not be held in your Crypto Asset balance. Our licensed service provider, Paxos Trust Company, LLC (“Paxos”), or another adequately licensed provider of trading and/or custody services that we designate from time to time, handles all custody and trading of Crypto Assets for us (“Service Provider”). If you live in New York, the Service Provider will be licensed or otherwise permitted to execute the activities mentioned herein by the New York State Department of Financial Services. You can only use the Cryptocurrencies Hub if you have a personal PayPal account and a Balance Account in good standing, and you can only access your Cryptocurrencies Hub through your personal PayPal account. We will not allow you to open a Cryptocurrencies Hub if you live in Hawaii at this time.

We must validate or have previously verified the required identifying information that you supply to us before you may access your Cryptocurrencies Hub. Name, physical address, date of birth, and taxpayer identification number are all needed pieces of information. From time to time, we may need additional information from you in order to verify the required identifying information, such as a copy of your government-issued photo ID or proof of residency, such as a utility bill.

You are responsible for keeping any and all IDs, passwords, personal identifying numbers, or other codes that you use to access your Cryptocurrencies Hub and PayPal services secure and under your control. You promise to keep your PayPal profile updated with your current physical address, mailing address, email address, and other personal information.

To close your Cryptocurrencies Hub, you must first close your Balance Account. Without shutting your own PayPal account, you can close your Balance Account and Cryptocurrencies Hub. When you close your personal PayPal account or your Balance Account, your Cryptocurrencies Hub will be closed as well. More information on what happens if PayPal closes your Cryptocurrencies Hub may be found here.

Please be aware that any profit or loss you make when selling your Crypto Assets or receiving additional cryptocurrency through an airdrop following a fork (as described below) that PayPal supports may have tax implications. You are free to end your relationship with us at any time, but you will remain liable for all liabilities linked to your Cryptocurrencies Hub, Balance Account, and personal PayPal account even after they are closed. Before terminating your Balance Account and Cryptocurrencies Hub, you must sell any Crypto Assets in your Cryptocurrencies Hub. Crypto Assets cannot be transferred from your Cryptocurrencies Hub to another cryptocurrency wallet.

Here are some things you can do with the Cryptocurrencies Hub, as mentioned in greater detail below:

  • Sell your Crypto Assets and utilize the money to pay for things with your PayPal account; and

You can’t send Crypto Assets to relatives or friends, and you can’t withdraw Crypto Assets from your Cryptocurrencies Hub to an external cryptocurrency wallet right now. You also CANNOT utilize Crypto Assets to pay for goods or services directly. If you wish to take money out of your Cryptocurrencies Hub, you must sell your Crypto Assets and either withdraw the cash proceeds or use the cash proceeds to make purchases.

The term “Crypto Assets” refers to the digital assets that PayPal supports and which you can buy, sell, and hold through your Cryptocurrencies Hub. In your Cryptocurrencies Hub, you may see a list of the Crypto Assets that PayPal supports at any given time.

Your ownership of the amount of each type of Crypto Asset exhibited is represented by any balance in your Cryptocurrencies Hub. PayPal pools your Crypto Asset balance with that of other PayPal accountholders and stores it in an omnibus account with our custodial Service Provider. Based on the quantity of each type of Crypto Asset shown in your balance, we maintain track of your interest in that omnibus account. You do not possess any Crypto Assets that can be traced back to you. These Crypto Assets are kept separate from PayPal’s corporate assets, and PayPal will not use them for operating expenditures or any other corporate or business reasons, nor will it make them available to its creditors willingly in the case of bankruptcy.

When you look at your Cryptocurrencies Hub balance, we’ll show you how much of each sort of Crypto Asset you hold, as well as how much those Crypto Assets are worth in US dollars. Crypto Assets’ prices will grow and fall over time, and they may alter swiftly and dramatically at times. As a result, even if you keep the same amount of each type of Crypto Asset, the U.S. dollar equivalent value will fluctuate as the market price of each Crypto Asset fluctuates. Our displayed US dollar value is an estimate based on market data from our trading Service Provider. The value we display is the midpoint between the lowest recent selling price for the applicable cryptocurrency and the highest recent buy price for that same cryptocurrency, as supplied by the Service Provider. This estimate does not include our spread or fees and does not reflect the value you will earn if you sell your Crypto Assets or the price you will pay to buy more Crypto Assets.

You can buy Crypto Assets with your Cryptocurrencies Hub utilizing the following funding sources:

We do not presently enable the purchase of Crypto Assets with a credit card or other credit products (including, but not limited to, those offered by PayPal). When you buy Crypto Assets, you acknowledge that you have sufficient cash in your chosen financing source to execute the transaction. If we are unable to collect the requisite cash from your chosen funding source to complete your transaction, you authorize us to:

  • Stop your purchase so you won’t be able to buy any Crypto Assets in that transaction.
  • debit any other payment method you’ve linked to your PayPal account,
  • Remove any Crypto Assets from your Balance Account for which you have not yet been paid; and/or
  • as permitted or needed by applicable laws and regulations, take any other action we believe necessary to collect payment for your transaction.
  • Buying Crypto Assets with what we reasonably assume to be illicit funds;
  • Any transaction that is not intended to be completed, or that is intended to abuse, manipulate, mislead, or default other Crypto Asset market participants;
  • Engage in any behavior aimed at defrauding PayPal, other PayPal users, or anyone else; or
  • Control an account that is linked to another account that has done any of these forbidden things.

If we suspect you of engaging in any Restricted Activities, we may, in our sole discretion, take a number of steps to protect PayPal, its customers, and others. We may take actions such as limiting your access to or use of the Cryptocurrencies Hub, and/or suspending your Cryptocurrencies Hub, immediately and without penalty to you, including limiting your ability to buy or sell Crypto Assets, in addition to the remedies identified in your PayPal Balance Terms and Conditions. If we suspect a transaction involving those Crypto Assets involves money laundering, terrorism funding, fraud, or any other sort of crime, you authorize PayPal to take those Crypto Assets.

You are responsible for any reversals, chargebacks, claims, fees, fines, penalties, or other responsibility incurred by PayPal, any PayPal customer, or a third party as a result of your violation of these Cryptocurrency Terms and/or your use of the PayPal services.

PayPal will supply you with any required IRS form 1099 for the sale of any Crypto Assets (or the receipt of new cryptocurrency as a result of a fork that PayPal supports) for your tax records, and we will file any appropriate form 1099 filings with the IRS. According to IRS regulations, the forms 1099 you get will only indicate gross proceeds and will not represent any gains or losses on your Crypto Assets transactions. Regarding your specific position and the reporting of Crypto Assets transactions, you should consult a tax professional. Sales of Crypto Assets made through Checkout with Crypto are taxable in the same way that all other Crypto Asset sales are. For the purpose of determining any needed tax filings or payments, you can examine your transaction history and account statements through your PayPal account. Your history and statements will include the cost basis of your Crypto Assets as well as the gain or loss that happened upon sale of those Crypto Assets utilizing the HIFO method, even if it is not disclosed on your forms 1099. PayPal is not responsible for any inaccuracies or omissions in tax information (such as cost basis) that PayPal is not required to provide to the IRS on a form 1099.

PayPal will protect you from fraudulent purchases and sales of Crypto Assets in your Cryptocurrencies Hub, as well as unauthorized sales used to Checkout with Crypto. When this protection is in effect, PayPal will cover the full amount of unauthorized activity as long as you cooperate with us, follow the procedures outlined in your Balance Account terms for unauthorized transactions, and comply with the additional requirements outlined below for your Cryptocurrencies Hub.

If you allege that Crypto Assets were purchased unauthorizedly, you may not sell such illegal Crypto Assets until you report the unauthorized purchase to PayPal and PayPal examines your allegation. PayPal will deny your claim for sold Crypto Assets if you sell any Crypto Assets that you claim you did not purchase (including utilizing such Crypto Assets to Checkout with Crypto). You will not be able to recoup any funds used to buy the Crypto Assets that were sold. We’ll keep looking into your claim for any disputed Crypto Assets you didn’t sell.

You agree that PayPal will take back the Crypto Assets and remove them from your Balance Account if PayPal determines the Crypto Assets were purchased without your authorization and provides you with a refund of the money used to purchase the Crypto Assets, or if you have disputed the transaction and received a refund from another source such as your bank or card issuer. Prior to PayPal withdrawing the Crypto Assets, you promise not to sell them.

If you sell any Crypto Assets for which you have received a refund (whether from PayPal or another source such as your bank or card issuer) before PayPal removes the Crypto Assets from your Balance Account, PayPal may recover from you the greater of I any sales proceeds from your sale of those Crypto Assets and (ii) any refund PayPal provided to you.

Except for the sale of Crypto Assets that you claim were obtained without authorization as indicated above, PayPal will use the same error resolution mechanisms as your PayPal Balance Account, as described in your PayPal Balance Terms and Conditions.

If you claim that an error resulted in you receiving more Crypto Assets that you did not acquire, you may not sell them until you report the problem to PayPal and PayPal reviews your claim. PayPal will deny your claim for sold Crypto Assets if you sell any Crypto Assets that you claim you did not purchase. We may be able to reclaim the amount of any selling earnings if you get Crypto Assets in error and sell them.

PayPal may, in its sole discretion and without liability to you, refuse to enable you to create or access a Cryptocurrencies Hub, suspend, close, or terminate your Cryptocurrencies Hub, or limit the types or amounts of activity you can engage in using your Cryptocurrencies Hub. This could happen if we can’t verify your identity, you engage in Restricted Activities, you violate these Cryptocurrency Terms or another agreement between you and PayPal, we’ve stopped offering Cryptocurrencies Hubs in your state, or our service provider has stopped supporting the Cryptocurrencies Hubs, among other things.

If we suspend or terminate your Balance Account in accordance with the PayPal Balance Terms and Conditions, your Cryptocurrencies Hub will be suspended or terminated as well. The Crypto Assets in your account may fluctuate in value if your Cryptocurrencies Hub account is suspended, and we are not responsible for any losses you may experience as a result of those fluctuations.

If we close your Cryptocurrencies Hub and your account contains Crypto Assets, you authorize us to liquidate the Crypto Assets in your account in U.S. dollars at our discretion and at any time, at the price that would otherwise apply to the sale of Crypto Assets at the time, or at another reasonable price determined by PayPal in its reasonable discretion. You realize that the value of Crypto Assets might fluctuate dramatically, and that we are under no duty to sell at the best price for you. While PayPal will notify you that your account has been canceled, we are under no obligation to provide you notice before selling your Crypto Assets, regardless of how quickly we sell them.

If we liquidate your Crypto Assets, any unrestricted funds will be credited to your Balance Account. Please be aware that any gain or loss you experience as a result of us liquidating your Crypto Assets may have tax implications.

PayPal reserves the right to suspend or terminate these Cryptocurrency Terms, as well as access to or use of its websites, software, systems (including any networks and servers used to provide any of the PayPal services) operated by us or on our behalf, or any or all of the PayPal services, at any time and for any reason.

Except where prohibited by law or regulation, you grant PayPal a lien on and security interest in and to your Crypto Assets as security for the execution of your duties under these Cryptocurrency Terms.

If you have a negative balance in your Balance Account (including your Cryptocurrencies Hub) for any reason, that negative balance reflects an amount owed to PayPal. You permit PayPal to sell your Crypto Assets and use the proceeds to satisfy a negative sum you owe us in any PayPal account you own, in addition to any rights we have under the PayPal Balance Terms and Conditions.

If we sell your Crypto Asset to pay you back, we’ll value it at the price that would normally apply to the sale of Crypto Assets at the time, or at another fair price decided by PayPal in its sole discretion. You realize that the value of Crypto Assets might fluctuate dramatically, and that we are under no duty to sell at the best price for you. While PayPal will warn you if you have a negative balance, we are under no obligation to provide you notice before selling your Crypto Assets, regardless of how soon we sell them.

Failure by us to act in response to a breach by you or others of any of your responsibilities under these Cryptocurrency Terms does not renounce our right to act in response to subsequent or similar breaches.

PayPal will not pledge, hypothecate, assign, or otherwise encumber your Crypto Assets, save from the lien and security interest indicated above (which PayPal will take on or in your Crypto Assets only if doing so is not forbidden by law or regulation).

  • The California Department of Business Oversight does not regulate cryptocurrency services.
  • Virtual money isn’t legal tender, isn’t backed by the government, and accounts and value balances aren’t covered by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).
  • Legislative and regulatory changes or actions at the state, federal, or international levels may have a negative impact on virtual currency use, transfer, exchange, and value.
  • Virtual currency transactions may be irrevocable, and losses resulting from fraudulent or unintentional transactions may not be recovered.
  • Some virtual currency transactions will be considered completed when they are recorded on the public ledger, which may or may not correspond to the date or time when the consumer initiates the transaction.
  • Because of the volatility and unpredictability of the price of virtual currency in comparison to fiat currency, it is possible to lose a lot of money in a short period of time.
  • Because of the nature of virtual currency, there is a higher danger of fraud or cybercrime.
  • Because of the nature of virtual currency, any technological challenges that PayPal encounters may prevent a client from accessing or using their virtual currency.
  • PayPal’s bond or trust account for the benefit of its clients may not be adequate to cover all losses experienced by customers.
  • The FDIC, Securities Investor Protection Corporation (SIPC), or any other public or private insurer does not protect or guarantee your Crypto Assets, including against cyber theft or theft by other means.
  • The Liability for Unauthorized Transactions and Errors section of these terms and conditions contains information about unauthorized transactions and error resolution.
  • The date and time on which a transaction is completed and your funding device is charged may differ from the date and hour on which you gave your authorization.
  • With regards to your purchase and sale of Crypto Assets, you will receive an email receipt.
  • A modification in our pricing schedule or revisions to these terms and conditions must be communicated to you at least thirty (30) days in advance.
  • Because of the nature of cryptocurrencies, there is a higher danger of fraud or cyber-attack, and your cryptocurrency value could be irreversibly lost.

Is money safe in PayPal?

It’s always a good idea to double-check that the payment method you’re using is completely secure when making online purchases.

The first thing to understand about sending and receiving money with PayPal is that all transactions are monitored 24 hours a day, seven days a week to help prevent identity theft, fraud, and email phishing. PayPal also employs ‘next-level’ data encryption to safeguard your funds and personal information1.

Is it safe to pay with PayPal?

When sending money using PayPal, there are a few reassuring security elements to be aware of. To begin with, no critical or confidential financial information, such as your bank account number or credit card information, is sent to the receiver.

PayPal Purchase Protection2 is also available if you shop online with PayPal. If you have a problem with something you’ve purchased, such as a quality issue or a late delivery, you can file a dispute with PayPal’s Resolution Center.

To begin, create a dispute in the PayPal Resolution Center and communicate with the seller through this channel to try to fix the problem. If the dispute cannot be resolved this way, you can escalate it to a claim, in which case PayPal will investigate and make a decision. PayPal will return your money if your claim is successful.

Is PayPal safe to receive money?

The PayPal Seller Protection Policy3 should cover you if you use PayPal to sell things online. This protects you in the event that a buyer claims they didn’t receive an item or that you receive an unauthorized payment (from a hacked account, for example).

Is PayPal safe to link bank account 2021?

Yes, PayPal is safe, but only within certain parameters. PayPal includes various industry-standard security safeguards and a bug bounty program to pick out vulnerabilities before it’s too late, whether you’re sending money to friends or buying and selling things online. PayPal also stores your data on encrypted servers, so phishing and fraud, rather as hacking and data leaks, are the biggest threats to your account.

Should I link my bank account to PayPal?

“If your PayPal account is hacked, money will be withdrawn from your bank account. If your PayPal account is linked to your credit card and your credit card is compromised, you have 60 days to dispute the transactions with your credit card company “Siciliano remarked.

However, you only have two days under federal regulation (Regulation E) to dispute a fraudulent charge with your bank.

Don’t click on PayPal links in the body of emails. It’s possible that those emails aren’t from PayPal.

“Rather, they’re phishing e-mails from crooks attempting to trick you into entering your credentials,” Siciliano explained. “Instead, manually type the PayPal address into your browser, log in to your account, and check for any PayPal communications.”

What bank is associated with PayPal?

1 The PayPal Cash Card is a debit card that is linked to your PayPal Balance. It’s important to note that the PayPal Cash Card is not a credit card. PayPal isn’t a bank, and it doesn’t accept deposits. The monies in your PayPal Balance account will not earn you any interest. Unless you have a PayPal Cash Card, have enrolled in Direct Deposit, or have purchased cryptocurrencies, cash amounts held in a PayPal Balance account are not eligible for FDIC pass-through insurance coverage. PayPal will deposit your cash money into one or more custodial accounts held for the benefit of eligible customers at one or more FDIC-insured banks if your PayPal Balance account is eligible for FDIC pass-through insurance. Up to the applicable limits, funds in these custodial accounts are eligible for pass-through FDIC insurance coverage. For further information, see the PayPal Balance Terms & Conditions.

The Bancorp Bank issues the PayPal Cash Mastercard (“PayPal Cash Card”) under a license from Mastercard International Incorporated. Mastercard is a registered brand, and Mastercard International Incorporated owns the circular design. The Bancorp Bank is solely responsible for the Card’s issuer and is not responsible for any related accounts, PayPal products, services, or offers. The card can be used anywhere that accepts Mastercard. Your PayPal Balance account funds are not held by Bancorp Bank.

Approval is conditional on identification verification. IMPORTANT INFORMATION ON OPENING A NEW CARD ACCOUNT PROCEDURE: Federal legislation compels all banking institutions to gather, verify, and record information that identifies each person who creates a Card Account to assist the government in combating the funding of terrorism and money laundering operations. What this means to you is that: We will ask for your name, address, date of birth, and other information that will allow us to identify you when you open a Card Account. A copy of your driver’s license or other identifying documents may also be requested. Terms and conditions apply. Details can be found in the Cardholder Agreement.

3 There is a $4.95 cash reload fee. This fee is for adding money to your PayPal Balance account.

Direct Deposit normally takes two (2) pay cycles to start after it’s been set up, although this varies per employer. Please check with your employer for more information about specific dates.

5 New Direct Deposit subscribers will be eligible for early access, subject to rules and limitations. In the coming months, all qualified Direct Deposit customers will be able to take use of the early access function. Early access allows users to get their monies up to two days ahead of schedule. When we receive payment instructions from the payor, we will have early access to monies (your employer or government agency). If we receive cash prior to the scheduled payment date, your money may be available up to two days earlier than expected. Availability and timeliness may differ depending on the payor and when payment instructions are received. The cash will be sent immediately into your PayPal account once they have been received.

6 First Century Bank, N.A. and Ingo Money, Inc. provide the Cash a Check feature, which is subject to the First Century Bank and Ingo Money Terms and Conditions and Privacy Policy. Fees and conditions apply. All checks must be approved before they may be used. Checks that have not been approved will not be deposited into your account. See the terms and conditions for additional information.

Mastercard, Cirrus, Pulse, or MoneyPass acceptance marks must be shown on 7 ATMs. There is a daily withdrawal limit of $400.00 USD. A $2.50 ATM Domestic and International Withdrawal Fee applies to transactions made at non-MoneyPass ATMs. There is no fee for MoneyPass ATM withdrawals in the United States, but there is a Foreign Transaction Fee for international ATM withdrawals. Fees charged by ATM operators may also apply. Details can be found in the Cardholder Agreement.