Last Updated: October 11, 2021
Welcome to the “Found Direct Deposit Bonus Program”!
These Found Direct Deposit Bonus Program Terms (these “Bonus Terms”) govern your (“you”) participation in the Found Direct Deposit Bonus Program (“Bonus Program”) and your eligibility to earn redeem, and forfeit Bonus (as defined below). The Bonus Terms amend and are incorporated into the Found Terms of Service between Found and you as of the date you agree to these Bonus Terms (the “Program Effective Date”).
We urge you to carefully read these Bonus Terms and the Found Terms as they govern your participation in the Bonus Program and constitute a legally binding agreement between you and Found. Capitalized terms used in these Bonus Terms without definition shall have the meanings ascribed to them in the Found Terms.
THIS IS A PROMOTIONAL PROGRAM BASED ON YOUR ABILITY TO RECEIVE ELIGIBLE DIRECT DEPOSITS (DEFINED BELOW). IF THERE IS ANY CONFLICT BETWEEN THESE BONUS TERMS AND THE FOUND TERMS, THESE BONUS TERMS SHALL GOVERN WITH RESPECT TO THE BONUS PROGRAM ONLY, AND THE FOUND TERMS SHALL GOVERN IN ALL OTHER MATTERS.
1. Acceptance of Terms
By participating in the Bonus Program, registering for the Bonus Program, using the Bonus Program, or receiving an Eligible Direct Deposit, you acknowledge that your participation in the Bonus Program is subject at all times to these Bonus Terms, and you agree to be bound by them. If you do not accept these Bonus Terms in their entirety, you may not participate in the Bonus Program.
2. Bonus Program Overview
The Bonus Program enables you to get cash (“Bonus”) for receiving income direct deposits into your Found account (“Found Account”).
3. Modification or Changes to Bonus Terms or Bonus Program; Cancellation
The Bonus Program, these Bonus Terms, and any aspect thereof are subject to change or cancellation by Found at any time, with or without advance notice to you. Found may amend or update these Bonus Terms at any time by posting a revised version here or through other communications. By continuing to participate in the Bonus Program after such changes, you are indicating that you accept modifications or changes to the Bonus Program.
You may only participate in the Bonus Program and receive a Bonus if you have:
Provided Found with accurate, complete and up-to-date information about you, including your name, email address, bank account information, and any other information that Found reasonably requests from you;
a Found Card (as defined in the Business Deposit Account & Card Terms);
a Found Account in continuous good standing;
satisfied the “Participation Requirements” below; and
made an Eligible Direct Deposit.
5. Participation Requirements
(a) Tax Information. We may require certain tax information for you to participate in the Bonus Program. Much of the information required on the Form W-8 is identifying information. In other words, the information required relates to your name, location, and tax status. Failure to provide Found with a properly completed Form W-8 may result in the withholding of tax on Bonus made by Found or your ineligibility to participate in the Bonus Program or Bonus. Importantly, all Forms W-8 provided to Found must be submitted in the manner provided by Found including, without limitation, a signature certifying the accuracy of the IRS Form W-8.
(b) Promotional Code. Found may, in its sole discretion, create promotional codes (“Promo Codes”) that may linked to certain platforms. from the platform specified in the promo code entered. For example, if you enter a Square Direct Deposit Bonus Promo Code, you must receive at least two direct deposits from Square during the specified time period.
You agree that Promo Codes: (i) may not be duplicated, sold or transferred in any manner, or made available to the general public (whether posted to a public form or otherwise), unless expressly permitted by Found; (ii) may be disabled by Found at any time for any reason without liability to Found; (iii) may only be used pursuant to the specific terms that Found establishes for such Promo Code; and (iv) may expire prior to your use. Found reserves the right to withhold or deduct credits or other features or benefits obtained through the use of the Promo Codes by you or any other user in the event that Found determines or believes that the redemption of the Promo Code was in error, fraudulent, illegal, or otherwise in violation of Bonus Terms.
(c) We have sole direction to determine if you are eligible to participate in the Bonus Program and may suspend, restrict, or otherwise terminate your access to the Bonus Program at any time.
6. Eligible Direct Deposits
(a) General. Any electronic transfers of payment directly from an employer or other payer each over $10 (“Eligible Direct Deposit”). You must make at least two (2) Eligible Direct Deposits to receive your Bonus.
(b) Disclaimer. Found is not responsible for attempted direct deposits that are not successful for any reason. There are no restrictions on the number of qualified Eligible Direct Deposits you can make in accordance with these Bonus Terms. Found’s team will aim to review Eligible Direct Deposits on a regular basis. Found retains sole discretion in determining which Eligible Direct Deposits are qualified according to these Bonus Terms
(c) Discrepancies. You must notify us using the “Contact Us” information of any discrepancies in your Found Account within thirty (30) days of the activity date. Requests must include your name, and supporting documentation as we may request.
(d) General. You are eligible to receive a one-time $30 Bonus for two Eligible Direct Deposits once you enter your Promo Code (“Bonus”).
(e) Bonus. All Bonus will be paid in cash into your Found Account or otherwise credited to your use of Found services.
(f) Redemptions. We display Bonus, redemption options, and other available points in your Found Account. Redemption options are subject to change and are subject to the terms, conditions, and availability. You may only redeem Bonus through your Found Account. Found is not responsible for and will not monitor the use or redemption of Bonus. You are solely responsible for ensuring that any actions taken by anyone with access to your Found Account to use or redeem Bonus do not violate the Bonus Terms, or laws or regulations applicable to your specific business.
We reserve the right to establish redemption rules and to set the number of Bonus Balance required to obtain Bonus, which are subject to change at our sole discretion without notice. Any such changes shall apply regardless of Bonus levels and rules in effect at the time Bonus Balance were accrued. Notifications or changes concerning the procedures for redeeming Bonus Balance, will be published by us and will be available at https://found.com/legal/. You will be deemed to accept these Bonus Terms, in their then-current form, each time you redeem Bonus Balance for a Bonus, regardless of the rules in effect at the time the Bonus Balance were accrued.
(g) Timing. We will make all Bonus eligible for redemption upon qualifying for the Reward. Please ensure that your Account is in good standing and not dormant, cancelled, or closed to allow us to deposit any applicable Bonus to your Account. We may delay disbursing Bonus for a variety of factors, including without limitation: (i) the number of Bonus we need to process; (ii) the completeness of any additional documentation we may request to process the Bonus; and (iii) other circumstances that may delay disbursements.
EACH USER MAY ONLY RECEIVE A MAXIMUM OF $30 FOR THE DURATION OF THE BONUS PROGRAM REGARDLESS OF THE NUMBER OF ELIGIBLE DIRECT DEPOSITS COMPLETED BY YOU.
Your Bonus Balance cannot be combined, accrued or transferred from multiple Found Accounts (including those of family members) or other sources into a single Found Account.
8. Your Responsibilities and Use Restrictions
You agree not to do any of the following in connection with your participation in the Bonus Program:
Attempt to or maintain more than one Found Account;
Execute or attempt to execute any denial of service;
Interact with any third parties (which includes modifying or accessing data from such third party) if such third party has not consented to such action;
Spam or use any automated vulnerability tools that may generate large traffic volume;
Exploit any vulnerabilities you discover in any way for any reason, including exploitation of any data uncovered by way of such vulnerability;
Engage in social engineering (including “phishing”) of Found staff or contractors, or otherwise;
Violate any other applicable laws or regulations, including those prohibiting unauthorized access to data;
Physically attempt to gain access to Found property; and
Disclose any personal, financial, or location information publicly.
You agree to do all of the following in connection with your participation in the Bonus Program:
Inform us as soon as possible upon discovery of any error, vulnerability, or other bug (“Errors”) whether such Errors are outside of the scope of the Bonus Program or not; and
Avoid disruptions to others, including but not limited to unauthorized access to or destruction of data, theft, and interruption or degradation of our services.
If you violate these Bonus Terms, you may be prohibited from participating in the Bonus Program and future Found programs, and any Eligible Direct Deposits (defined below) you have provided may be deemed to be ineligible for a Bonus.
9. Tax Information
You understand that it you are responsible for determining and obtaining appropriate tax treatment for any Bonus you receive or redeems, and you are solely responsible for any taxes arising from or related to any Bonus. Found will not report any income or earnings related to Bonus to a taxing authority, except where expressly required by law.
Feedback and other information which is provided by your or derived by Found in connection with these Found Terms may be used by Found to improve or enhance our Services and Bonus Program and Found shall have a non-exclusive, perpetual, irrevocable, royalty-free, worldwide right and license to use, modify and otherwise exploit such feedback and information without restriction, provided that the public disclosure of any such feedback or information identifiable to you shall only be by the mutual agreement of you and Found.
11. Acknowledgment; Waiver and Release
Without limiting any other terms of these Bonus Terms or the Found Terms, you acknowledge and agree that participating in the Bonus Program may present the potential for damage or loss to you. To the full extent permitted by law, you agree to hold harmless and waive any legal claims arising from your participation in the Bonus Program against the Found Entities (defined below) and other participants in the program.
12. No Warranties
FOUND MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE BONUS PROGRAM AND THAT FOUND DOES NOT WARRANT THE BONUS PROGRAM IN ANY WAY, INCLUDING BUT NOT LIMITED TO PERFORMANCE OR FEATURES OF THE BONUS TERMS. ALL WARRANTIES REGARDING THE BONUS PROGRAM, INCLUDING, WITHOUT LIMITATION, ALL WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, NON-INFRINGEMENT, OR ANY OTHER WARRANTY, WHETHER EXPRESS OR IMPLIED, ARE HEREBY DISCLAIMED BY FOUND.THE BONUS PROGRAM ARE PROVIDED “AS IS” FOR EVALUATION AND TESTING PURPOSES ONLY, AND OWING TO ITS EXPERIMENTAL NATURE, YOU ARE ADVISED NOT TO RELY ON THE FEATURES OR PERFORMANCE OF THE BONUS PROGRAM FOR ANY REASON. YOU AGREE TO USE THE BONUS PROGRAM WITH ALL DUE CAUTION, AND TO TAKE EVERY PRECAUTION TO ENSURE THE INTEGRITY OF DATA, HARDWARE, AND SOFTWARE IN THE SOFTWARE'S OPERATING ENVIRONMENT. NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THE STANDARD TERMS, YOU FURTHER AGREE THAT FOUND SHALL NOT BE HELD LIABLE FOR ANY DAMAGES, INCLUDING BUT NOT LIMITED TO DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES OR DAMAGES FOR LOSS OF PROFITS, REVENUE, DATA OR USE, INCURRED BY YOU OR ANY THIRD PARTY, WHETHER IN AN ACTION IN CONTRACT OR TORT, EVEN IF FOUND HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. YOU FURTHER ACKNOWLEDGE AND AGREE THAT YOUR PARTICIPATION IN THE BONUS PROGRAM IS AT YOUR OWN RISK. YOU MAY HAVE CERTAIN RIGHTS UNDER YOUR LOCAL LAW. NOTHING IN THESE TERMS IS INTENDED TO AFFECT THOSE RIGHTS, IF APPLICABLE.
Found shall have the right, at its sole discretion, to terminate this Bonus Program immediately with or without cause upon written notice to you. In addition, these Bonus Terms and the Bonus Program shall terminate automatically upon any termination of the Found Terms between you and Found. Sections 1, 3, 4(c), 6(d), 7(f), 8 - 15 shall survive any termination or expiration of these Bonus Terms.
14. Independent Parties
You are not an employee, contractor or agent of Found, but are an independent third party who wants to participate in the Bonus Program. Nothing in these Bonus Terms are intended to render Found and you as joint venturers, partners, or employer and employee. Under no circumstance will Found be considered to be your employer, nor will you have any right as an employee of Found.
Found’s failure to enforce any right or provision of these Bonus Terms will not be considered a waiver of such right or provision. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of Found. Except as expressly set forth in these Bonus Terms, the exercise by either party of any of its remedies under these Bonus Terms will be without prejudice to its other remedies under these Bonus Terms or otherwise.
IF YOU DO NOT AGREE TO THESE TERMS, PLEASE DO NOT PARTICIPATE IN THE BONUS PROGRAM, ATTEMPT OR COMPLETE ANY APPROVED TRANSFERS, OR OTHERWISE ENGAGE WITH THE BONUS PROGRAM.