IMPORTANT – PLEASE READ
Terms and conditions for ReadyFUND$® Premier Access® Prepaid MasterCard®
Payroll Card. This document constitutes the agreement
outlining the terms and conditions under which the Card has been issued to
you. By accepting and using this Card, you agree to be bound by the same
terms and conditions contained in this Agreement. This Card will remain the
property of First Covenant Bank and must be surrendered upon demand. This
Card is nontransferable, and it may be canceled, repossessed, or revoked at any
time without prior notice subject to applicable law. Please read this Agreement
carefully and keep it for future reference. THE READYFUND$ PREMIER ACCESS
PREPAID MASTERCARD PAYROLL CARD IS SUBJECT TO CERTAIN FEES. SEE
FEES AND CHARGES FOR MORE DETAILS. THIS AGREEMENT ALSO REQUIRES
ALL DISPUTES TO BE RESOLVED BY WAY OF BINDING ARBITRATION. SEE
ARBITRATION PROVISION FOR MORE DETAILS.
“Card” means the ReadyFUND$® Premier Access® Prepaid MasterCard® Payroll
Card issued to you by First Covenant Bank through your employer. “You” and
“your” means the person or persons who have received the Card and are
authorized to use the Card as provided for in this agreement. “We,” “us,” and
“our” mean First Covenant Bank, our successors, affiliates or assignees. For
purposes of these disclosures, our “business days” are Monday through Friday.
Legal holidays are not included.
The Card is a prepaid card that has been provided to you by your employer
pursuant to a payroll card program. The Card allows you to access funds on
the Card. Only your employer may load funds onto the card. The Card does
not constitute a checking, savings or other bank account and is not connected
in any way to any other account you may have. The Card is not a credit card.
You will not receive any interest on the funds on the Card. Card funds are FDIC
insured on a pass-through basis to the extent permitted by law.
2. Information Needed to Obtain Your Card
The USA PATRIOT ACT is a federal law that requires all financial institutions
to obtain, verify, and record information that identifies each person who
opens a Card account. You or your employer have provided us with sufficient
documentation for identification verification purposes under applicable laws
and regulations. To continue ongoing compliance and validation, we may
also ask to see your driver’s license, government-issued photo ID or other
identifying documents on a going forward basis in connection with your Card.
3. Personal Identification Number
We will give you a Personal Identification Number
(“PIN”) for your Card,
obtain cash from any Automated Teller Machine
(ii) at any Pointof-
(POS) device which requires entry of a PIN, that bears the MasterCard,
Maestro or Cirrus brand. All ATM transactions are treated as cash withdrawal
transactions. You should not write or keep your PIN with your Card. If you
believe that anyone has gained unauthorized access to your PIN, you should
advise us immediately, following the procedures in the paragraph labeled “Your
Liability for Unauthorized Transactions.” If you lose your PIN you may contact
1-877-323-9363, Customer Support to have the PIN reset.
4. Limitations on Transactions
For security reasons, there are limits on the number of transfers you can
make using your Card. You can use your Card for up to 10 credit transactions
each day and 20 debit transactions each day. You may buy up to $5000 worth
of goods or services each day you use the Card. Any deposit made by your
employer on a non-business day is considered made on the next business day.
5. Using Your Card
You may use your Card to access cash at ATMs displaying MasterCard, Maestro
or Cirrus brand, pay for goods and services anywhere Debit MasterCard® is
accepted. Some of these services may not be available at all terminals.
You may use your Card to purchase or lease goods or services wherever the
Card is honored as long as you do not exceed the value available on your
Card. You are responsible for all transactions initiated by use of your Card.
If you permit someone else to use your Card we will treat this as if you have
authorized such use and you will be responsible for any transactions made
subject to such use. If you do not have enough value loaded on your Card
you can instruct the merchant to charge a part of the purchase to the Card
and pay the remaining amount with cash or another card. These are called
“split transactions”. Some merchants do not allow cardholders to do split
transactions. Some merchants will only allow you to do a split transaction if
you pay the remaining amount in cash.
If you use your Card number without presenting your Card
(such as for a mail
order or telephone purchase), the legal effect will be the same as if you used
the Card itself. Your Card cannot be redeemed for cash. You may not use your
Card for any illegal transactions, nor may you use your Card at casinos, or for
You should keep track of the amount of value loaded on Cards issued to you.
You may view the amount of value remaining on your Card by logging into
your Card account at www.ReadyFunds.net or by calling the Customer Service
number shown on your Card and listed below at any time to obtain the current
value associated with Card. Call toll-free 1-877-323-9363, 24 hours/7 days a
week for the balance or if you have questions on Card usage.
Each time you use your Card, you authorize us to reduce the value available
on your Card by the amount of the transaction and any applicable fees. You
are not allowed to exceed the available amount on your Card through an
individual transaction or a series of transactions. Nevertheless, if a transaction
exceeds the balance of the funds available on your Card
(creating a “shortage”)
you shall remain fully liable to us for the amount of the transaction and any
applicable fees or charges. You agree to pay us promptly for the shortage and
any applicable shortage fees. We also reserve the right to cancel this Card
should you create a shortage with your Card.
6. Fees and Charges
You are entitled to one Bank Teller Cash Withdrawal
(from any participating
MasterCard member bank) per pay period at no charge. You are also entitled
to free automated customer service by telephone. Please note, however,
that the following fees apply, where permitted by law.
We reserve the right to revise the fee schedule listed below and will provide
notice of changes to the extent required by applicable law. Please see www.
ReadyFunds.net or call customer service at 1-877-323-9363 for the most
current fee schedule.
When you use an ATM not owned by us, you may be charged a fee by the ATM
operator or any network used, and you may be charged a fee for a balance
inquiry even if you do not complete a cash withdrawal. However, if for any
reason a bank charges a fee for the first cash advance, please call us at 1-877-
323-9363 and we will reimburse you for the fee charged.
|SCHEDULE OF CARDHOLDER FEES|
Cardholder Fee Table – ReadyFUND$ Premier Access Prepaid MasterCard Fees Per Card Transaction
|Domestic POS PIN Transaction ||No Charge|
|Domestic POS Signature Transaction ||No Charge|
|Web Card Account Access ||No Charge|
|IVR Card Account Access ||No Charge|
|Payroll Loads ||No Charge|
|Transaction History Access via IVR & Web|| No Charge|
|Expired Card (3 year term), reissue new Card ||No Charge|
|Customer Service Problem Resolution1 ||No Charge1|
|International POS Signature Transaction2 ||Variable2|
|International POS PIN Transaction2 ||Variable2|
|Domestic ATM Balance Inquiry or Decline3 ||$1.00 3|
|International ATM Balance Inquiry or Decline3 ||$1.00 3|
|Domestic POS Decline||$1.00|
|International POS Decline ||$1.00|
|ACH Transfer from Card to Bank Account ||$1.00|
|ATM Cash Withdrawal -Domestic3 ||$2.50 3|
|ATM Cash Withdrawal -International3|| $2.503|
|Bank Teller Cash Withdrawal3*|| $2.50 3|
* 1 free per pay period
|Printed & Mailed Transaction History Statement4 ||No Charge4|
|Upgrade to Personalized Card with your name ||$2.50|
|Retail Cash Loading ||Varies by Retail Location|
|Replacement Card ||$10.00|
|Replacement Card, expedited to home address ||$35.00|
|Bill Payment Transaction ||$1.00|
|Bill Payment Stop Payment Transaction ||$30.00|
|Monthly Maintenance Fee – After 6 Months of Inactivity (activity defined as a cardholder initiated financial transaction)
|1. ReadyFUND$ reserves the right to charge $ 2.00 per call for cardholders
calling more than four (4) times per month for information that is
available on IVR or web portal.|
2. International POS Transactions are subject to a variable International
Transaction Fee(s) (see Section 8).
3. A bank or ATM owner may charge an additional fee for these
4. Cardholders may request one Printed & Mailed Transaction History
Statement per month at no charge. A fee of $2.50 will be charged for
each additional statement.
*There is no charge for a Bank Teller Cash Withdrawal transaction per pay
7. Returns and Refunds
If you are entitled to a refund for any reason for goods or services obtained
with your Card, you agree to accept credits to your Card for such refunds. The
amounts credited to your Card for refunds may not be available for up to five
(5) business days from the date the refund transaction occurs.
8. International Transaction Fee
If you initiate a transaction on a currency other than US Dollars or in a country
other than the United States, this will be considered a foreign transaction.
Transactions in a currency other than US Dollars are converted to US Dollars
using the currency conversion rate used by MasterCard, which is either a
wholesale market rate or the government-mandated rate in effect one day
prior to the processing date for the transaction. The current conversion rate
used by MasterCard on the processing date may differ from the rate in effect
on the transaction date or on the date that the transaction posts to your
Card Account. The combined processing fees for foreign transaction and for
transactions made outside the US including MasterCard and bank charges, can
be up to 5%.
You can get a receipt at the time you make any transfer to or from your account
using one of our ATMs or point of sale terminals. If you have arranged to have
direct deposits made to your account at least once every 60 days from the
same person or company, you can call 1-877-323-9363 to find out whether or
not the deposit has been made. You agree to retain your receipt to verify your
10. Periodic Statements
Statements in electronic format will be made available free of charge by
accessing your Card account at www.ReadyFunds.net. You may obtain
information about the amount of money you have remaining in your Card
account by calling 1-877-323-9363. This information, along with a 60-day
history of account transactions, is also available on-line by accessing your Card
account at www.ReadyFunds.net. You also have the right to obtain a 60-day
written history of account transactions by calling 1-877-323-9363 or by writing
Cardholder Services, PO Box 1109, Sikeston, MO 63801.
We will disclose information to third parties about your account or the transfers
(1) Where it is necessary for completing transfers;
(2) In order to verify the existence and condition of your account for a third
party, such as a credit bureau or merchant;
(3) In order to comply with government agency or court orders; or
(4) If you give us your written permission.
12. Our Liability for Failure to Complete Transactions
If we do not complete a transfer to or from your account on time or in the
correct amount according to our agreement with you, we will be liable for your
losses or damages. However, there are some exceptions. We will not be liable,
(1) If, through no fault of ours, your Card funds are insufficient for the
transaction or are unavailable for withdrawal;
(2) If the ATM where you are making the transfer does not have enough cash;
(3) If the terminal or system was not working properly and you knew about the
breakdown when you started the transfer;
(4) If circumstances beyond our control
(such as fire or flood) prevent the
transfer, despite reasonable precautions that we have taken.
(5) If merchant refuses to honor the Card;
(6) If your employer did not properly enroll you into the payroll Card program;
(7) If we do not complete the transaction because the Card has been reported
lost or stolen, has been suspended by us, or we have reason to believe the
transaction is not authorized by you; or
(8) As otherwise provided in this Agreement.
13. Your Liability for Unauthorized Transactions
Tell us AT ONCE if you believe your Card or PIN has been lost or stolen, or
if you believe that an electronic fund transfer has been made without your
permission using information from your Card. Telephoning is the best way
of keeping your possible losses down. You could lose all the money in your
account. If you tell us within 2 business days after you learn of the loss or theft
of your Card or PIN, you can lose no more than $50 if someone used your Card
or PIN without your permission.
If you do NOT tell us within 2 business days after you learn of the loss or theft
of your Card or PIN, and we can prove we could have stopped someone from
using your Card or PIN without your permission if you had told us, you could
lose as much as $500.
Also, if your statement shows transfers that you did not make, including those
made by card, code or other means, tell us at once. If you do not tell us within
60 days after the earlier of the date you electronically access your account, if
the error could be viewed in your electronic history, or the date we sent the
FIRST written history on which the error appeared, you may not get back any
money you lost after the 60 days if we can prove that we could have stopped
someone from taking the money if you had told us in time. If a good reason
(such as a long trip or a hospital stay) kept you from telling us, we will extend
the time periods.
If you believe your Card or PIN has been lost or stolen, call: 1-877-323-9363 or
write to Cardholder Services, PO Box 1109, Sikeston, MO 63801. You should
also call the number or write to the address listed above if you believe an
unauthorized transfer has been made using the information from your Card
without your permission.
14. Other Terms
Your Card and your obligations under this Agreement may not be assigned. We
may transfer our rights under this Agreement. Use of your Card is subject to all
applicable rules and customs of any clearinghouse or other association involved
in transactions. We do not waive our rights by delaying or failing to exercise
them at any time. If any provision of this Agreement shall be determined to be
invalid or unenforceable under any rule, law, or regulation of any governmental
agency, local state, or federal, the validity or enforceability of any other
provision of this Agreement shall not be affected. This Agreement will be
governed by the law of the State of Georgia except to the extent governed by
15. Amendment and Cancellation
We may amend or change the terms of this Agreement at any time. You will
be notified of any change in the manner provided by applicable law prior to
the effective date of the change. However, if the change is made for security
purposes, we can implement such a change without prior notice.
We may cancel or suspend your Card or this Agreement at any time. You may
cancel this Agreement by returning the Card to us. Your termination of this
Agreement will not affect any of our rights or your obligations arising under this
Agreement prior to termination.
If your Card is cancelled, upon your request we can send you a check for all remaining
funds after deducting any fees, charges and outstanding transactions.
16. Business Days
For the purposes of this Agreement, our business days are Monday thru Friday, excluding holidays.
17. Information About Your Right to Dispute Errors
In case of errors or questions about your electronic transfers, telephone 1-877-
323-9363 or write Cardholder Services, PO Box 1109, Sikeston, MO 63801 as
soon as you can. You may also choose to email customerservice@readyfunds.
net to notify us of an error, however please include contact information only.
Do not include confidential card information by email. We must allow you to
report an error until 60 days after the earlier of the date you electronically access
your account, if the error could be viewed in your electronic history, or the
date we sent the FIRST written history on which the error appeared. You may
request a written history of your transactions at any time by calling 1-877-323-
9363 or writing Cardholder Services, PO Box 1109, Sikeston, MO 63801. You
will need to tell us:
(1) Your name and account number
(2) Why you believe there is an error, and the dollar amount involved.
(3) Approximately when the error took place.
If you tell us orally, we may require that you send us your complaint or question
in writing within 10 business days.
We will determine whether an error occurred within 10 business days after
we hear from you and will correct any error promptly. If we need more time,
however, we may take up to 45 days to investigate your complaint or question.
If we decide to do this, we will credit your account within 10 business days for
the amount you think is in error, so that you will have the use of the money during
the time it takes us to complete our investigation. If we ask you to put your
complaint or question in writing and we do not receive it within 10 business
days, we may not credit your account.
For errors involving new accounts, point-of-sale, or foreign-initiated transactions,
we may take up to 90 days to investigate your complaint or question. For
new accounts, we may take up to 20 business days to credit your account for
the amount you think is in error.
We will tell you the results within three business days after completing our
investigation. If we decide that there was no error, we will send you a written
explanation. You may ask for copies of the documents that we used in our
If you need more information about our error resolution procedures, call 1-877-
323-9363 or visit the following website www.ReadyFunds.net.
18. Privacy and Data Protection and Recording
(i) Information We Collect
(a) Information about the purchase made with the Card, such as date of purchase,
amount and place of purchase; and
(b) Information you provide to us when you apply for a Card.
(ii) Information Security: Only those persons who need it to perform their job
responsibilities are authorized to have access to Cardholder Information. In addition,
we maintain physical, electronic and procedural security measures that
comply with federal regulations to safeguard Cardholder Information.
(iii) Disclosure: We may use Cardholder Information to provide customer services,
to develop our own marketing programs, to help protect against fraud
and to conduct our own research and analysis and to comply with applicable
law. We may also provide certain Cardholder Information to others as permitted
by law, such as government entities or other third parties in response to
19. Telephone Monitoring/Recording
From time to time we may monitor and/or record telephone calls between you
and us to assure the quality of our customer service as required by applicable
20. No Warranty Regarding Goods and Services
We are not responsible for the quality, safety, legality, or any other aspect of
any goods or services you purchase with your Card.
21. Loading Value Onto Your Card Account and Keeping Track of Your
A maximum aggregate amount of US $10,000 is allowed on your Card at any
time. You should keep track of the amount of Card funds by your employer.
Deposits made by your employer will generally be available on the day we receive
the deposit, however, your ability to withdraw funds may be delayed in
cases of error transmissions or transfer irregularity. If this occurs, funds will
be available withi n
(5) business days after the transfer. You authorize your
payroll card provider and us to recover any funds erroneously added to your
Card account. If an authorized addition to your Card account has an error or if
you require additional information regarding funds added or loaded, you must
contact us or your payroll card provider immediately. You should keep track of
the amount of funds loaded on the Card issued to you.
You are responsible for reporting to all applicable government tax authorities,
all earnings received and loaded on to your Card or Card account and the payment
of any applicable local, state, province, and/or federal, domestic or international
taxes that apply to such earning.
You may not add additional funds to your Card account.
22. Arbitration Provision
(a) Purpose: This Arbitration Provision sets forth the circumstances and procedures
under which claims
(as defined below) may be arbitrated instead of
litigated in court.
(b) Definitions: As used in this Arbitration Provision, the term “Claim” means
any claim, dispute or controversy between you and us arising from or relating
to the Card or this Agreement as well as any related or prior agreement that
you may have had with us or the relationships resulting from this Agreement,
including the validity, enforceability or scope of the Arbitration Provision or this
Agreement. “Claim” includes claims of every kind and nature, including but not
limited to initial claims, counterclaims, cross-claims and third party claims and
claims based upon contract, tort, fraud and other intentional torts, statutes,
regulations, common law and equity. The term “claim” is to be given the broadest
possible meaning that will be enforced and includes, by way of example and
without limitation, any claim, dispute or controversy that arises from or relates
(i) your Card;
(ii) the amount of available funds on the Card;
promotions or oral or written statements related to the Card goods or
services purchased with the Card;
(iv) the benefits and services related to the
(v) your enrollment for the Card. We shall not elect to use arbitration
under the Arbitration Provision for any Claim that you properly file and pursue
in a small claims court or your state or municipality so long as the Claim is individual
and pending only in the court.
As used in the Arbitration Provision, the terms “we” and “us” shall for all purposes
mean First Covenant Bank, wholly or majority owned subsidiaries, affiliates,
licensees, predecessors, successors, and assigns and all of their agents,
employees, directors and representatives. In addition, “we” and “us” shall include
any third party using or providing any product, service, or benefit in connection
with any Card
(including, but not limited to merchants who accept the
Card, third parties who use or provide services, debt collectors, and all of their
agents, employees, directors and representatives if, and only if, such a third
party is named as a co-party with us
(or files) a Claim with or against us) in connection
with a Claim asserted by you. As solely used in this Arbitration Provision,
the terms “you” or “yours” shall mean all persons or entities approved by
us to have and/or use a Card, including but not limited to all persons or entities
contractually obligated under any of this Agreement.
(c) Initiation of Arbitration Proceeding/Selection of Administrator: Any Claim
shall be resolved, upon the election by you or us, by arbitration pursuant to
the Arbitration Provision and the code of procedures of the national arbitration
organization to which the Claim is referred in effect at the time the Claim is
filed. Claims shall be referred to either the National Arbitration Forum
Judicial Arbitration and Mediation Services
(“JAMS”), or the American Arbitration
(“AAA”), as selected by the party electing to use arbitration. If
a selection by us of one of these organizations is unacceptable to you, you shall
have the right within 30 days after you receive notice of our election to select
either of the other organizations listed to serve as arbitrator administrator. For
a copy of the procedures, to file a claim or for other information about these
organizations, contact them as follows:
(i) the NAF at PO Box 50191. Minneapolis,
MN 55404; website at www.arbitration-forum.com;
(ii) JAMS at 1920 Main
Street, Suite 30D, Los Angeles, CA 92614; website at www.jamsadr.com;
AAA at 335 Madison Avenue, New York, NY 10017; website at www.adr.org.
(d) Significance of Arbitration: IF ARBITRATION IS CHOSEN BY ANY PARTY WITH
RESPECT TO A CLAIM, NEITHER YOU NOR WE WILL HAVE THE RIGHT TO LITIGATE
THAT CLAIM IN COURT OR HAVE A JURY TRIAL ON THAT CLAIM, OR TO ENGAGE
IN DISCOVERY EXCEPT AS PROVIDED FOR IN THE CODE OF PROCEDURES
OF THE NAF, JAMS, OR AAA, AS APPLICABLE
(THE “CODE”). FURTHER, YOU WILL
NOT HAVE THE RIGHT TO PARTICIPATE IN A REPRESENTATIVE CAPACITY OR AS
A MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO ANY CLAIM SUBJECT
TO ARBITRATION. EXCEPT AS SET FORTH BELOW, THE ARBITRATORS DECISION
WILL BE FINAL AND BINDING. NOTE THAT OTHER RIGHTS THAT YOU WOULD
HAVE IF YOU WENT TO COURT ALSO MAY NOT BE AVIALABLE IN ARBITRATION.
(e) Restrictions on Arbitration: if either party elects to resolve a Claim by arbitration,
that Claim shall be arbitrated on an individual basis. There shall be no
right or authority for any Claims to be arbitrated on a class action basis or on
bases involving Claims brought in a purported representative capacity on behalf
of the general public, other Cardholders or other persons similarly situated.
The arbitrator’s authority to resolve Claims is limited to Claims between you
and us alone, and the arbitrator’s authority to make awards is limited to you
and us alone. Furthermore, Claims brought by you against us or by us against
you may not be joined or consolidated in arbitration with Claims brought by
or against someone other than you unless otherwise agreed to in writing by
(f) Location of Arbitration/Payment of Fees: Any arbitration hearing that you
attend shall take place in the federal judicial district of your residence. At your
written request, we will consider in good faith making a temporary advance of
all or part of the filing, administrative and/or other hearing fees for any Claim
you initiate as to which you or we seek arbitration. At the conclusion of the
(or any appeal thereof), the arbitrator
(or panel) will decide who
will ultimately be responsible for paying the filing, administrative and/or hearing
fees in connection with the arbitration
(or appeal). If and to the extent you
incur filing, administrative and/or hearing fees in arbitration, including for any
appeal, exceeding the amount they would have been if the Claim had been
brought in the state or federal court which is closest to the mailing address we
have in our records and would have had jurisdiction over the Claim, we will
reimburse you to that extent unless the arbitrator
(or panel) determines that
the fees were incurred without any substantial justification.
(g) Arbitration Procedures: This Arbitration Provision is made pursuant to a
transaction involving interstate commerce, and shall be governed by the Federal
Arbitration Act, 9 U. S. C. Sections 1-16, as it may be amended
The arbitration shall be governed by the applicable Code, except that
extent enforceable under the FAA) this Arbitration Provision shall control if it
is inconsistent with the applicable Code. The arbitrator shall apply applicable
substantive law consistent with the FAA and applicable statutes of limitations
and shall honor claims of privilege recognized at law and, at the timely request
of either party, shall provide a brief written explanation of the basis for the
decision. In conducting the arbitration proceeding, the arbitrator shall not apply
the Federal or any state rules of civil procedure or rules of evidence. Either
party may submit a request to the arbitrator to expand the scope of discovery
allowable under the applicable Code. The party submitting such a request must
provide a copy to the other party, who may submit objections to the arbitrator
with a copy of the objections provided to the requesting party, within fifteen
(15) days of receiving the requesting party’s notice. The granting or denial of
such request will be in the sole discretion of the arbitrator who shall notify
the parties of his/her decision within twenty
(20) days of the objecting party’s
submission. The arbitrator shall take reasonable steps to preserve the privacy
of individuals, and of business matters. Judgment upon the award rendered
by the arbitrator may be entered in any court having jurisdiction. The arbitrator’s
decision will be final and binding, except for any right of appeal provided
by the FAA. However, any party can appeal that award to a three-arbitrator
panel administered by the same arbitration organization which shall consider
anew any aspect of the initial award objected to by the appealing party. The
appealing party shall have thirty
(30) days from the date of entry of the written
arbitration award to notify the arbitration organization that it is exercising the
right of appeal. The appeal shall be filed with the arbitration organization in
the form of a dated
writing. The arbitration organization will then notify the other party that the
award has been appealed. The arbitration organization will appoint a threearbitrator
panel which will conduct arbitration pursuant to its Code and issue
its decision within one hundred twenty
(120) days of the date of the appellant’s
written notice. The decision of the panel shall be by majority vote and shall be
final and binding.
(h) Continuation: This Arbitration Provision shall survive termination of your
Card as well as voluntary payment of any debt in full by you, any legal proceeding
by us to collect a debt owed by you, and any bankruptcy by you or us. If any
portion of this Arbitration Provision is deemed invalid or unenforceable under
any principle or provision of law or equity, consistent with the FAA, it shall not
invalidate the remaining portions of this Arbitration Provision, this Agreement
or any prior agreements you have had with us, each of which shall be enforceable
regardless of such invalidity.
23. Unclaimed Property
If we have no record of Card activity for one or more years, applicable law may
require us to report and pay any unclaimed funds associated with the Card as
unclaimed property. If this occurs, we may try to locate the owner of the Card
at the mailing address shown in our records. If we are unable to locate you
however, we may be required to deliver the unclaimed funds to the state of
23. Issuing and Trademark Information
The ReadyFUND$® Premier Access® Prepaid MasterCard Payroll Card is issued
by First Covenant Bank pursuant to license from MasterCard International Incorporated.
MasterCard is a registered trademark of MasterCard International
First Covenant Bank, Member FDIC.