TransPecos Banks Consumer Deposit Account Agreement & Disclosures
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Catch Money LLC Consumer Deposit Account Program
Last updated: September 5, 2024
The following TransPecos Banks Consumer Deposit Account Disclosures (“Disclosures”) apply to the demand deposit account (“Account”) issued by TransPecos Banks, SSB, a Texas state savings bank (“Bank”), member of the Federal Deposit Insurance Corporation (“FDIC”) and chartered under the laws of the State of Texas. These Disclosures are incorporated by reference into the TransPecos Banks Consumer Deposit Account Agreement (“Agreement”) and TransPecos Banks Consumer Visa Debit Cardholder Agreement (“Cardholder Agreement”). Catch Money LLC (“Program Partner”) is responsible for assisting the Bank with the administration of the Catch Money LLC Consumer Deposit Account program (“Program”). Capitalized terms not otherwise defined herein are ascribed the same meaning as set forth in the Agreement.
1.1 How to Contact Us
For most matters, you should email us at help@catch.co and contact us via the Online Banking Application. You may also contact us at 1-833-309-0500. The Program Partner’s website is available at https://catch.co/.
For questions or concerns about any non-card transactions, including, but not limited to: (i) suspected errors or unauthorized EFTs; or (ii) if you would like to place a stop payment request for preauthorized transfers, please contact us at help@catch.co or the Online Banking Application.
If applicable, for questions or concerns about adding and/or deleting Authorized Users; checking your current interest rate; substitute checks or check standards; or closing your Account, please contact us at help@catch.co or the Online Banking Application.
For questions or concerns about updating your name, address, or other contact information; identity theft; reporting account takeover; checking the status of a transaction; or providing instructions regarding a transaction, such as direct deposits and other incoming ACH transactions, please contact us at help@catch.co.
1.2 Account Types and Tiers
We offer three (3) types of Account: Tier 1, Tier 2, and Tier 3.
Tier 1 is the default Account type. You will automatically be placed in Tier 1 when you open an Account. You will be automatically moved to a Tier 2 Account once you have had an active Account for thirty (30) calendar days with no return codes, you have a Plaid ID match, and you have demonstrated a need for Tier 2 limits (example: Tier 1 ACH Debit limit is exceeded).
You will be automatically moved to a Tier 2 Account once you have had an active Account for sixty (60) calendar days with no return codes, you have a Plaid ID match, and you have demonstrated a need for Tier 3 limits (example: Tier 2 ACH Debit limit is exceeded).
We will not automatically downgrade your Account. You can request to be moved to a lower tier, and we will manually move you to a lower Tier. There is no minimum notice period to be moved to a lower tier.
The Tier that you are placed in may affect your transaction limitations and/or interest as set forth in the Disclosures. Unless otherwise stated in the Disclosures, all terms contained in the Agreement apply equally to all tiers.
1.3 Paperless Account
To open an Account, you must agree to go “paperless.” This means that you must (a) provide us with and continue to maintain a valid email address and (b) accept electronic delivery of all communications that we need or decide to send you in connection with your Account by agreeing to the ESIGN Consent Document, available at https://catch.co/legal/electronic-disclosures-consent
1.4 Joint Account Applicability
Your Account does not allow joint ownership.
1.5 How To Open an Account
You may open an Account by visiting the Program Partner’s website at https://catch.co/ and following the instructions there.
1.6 Minimum Deposits and Balances
There is no minimum deposit required to open an Account and no minimum balance you need to maintain in your Account.
1.7 Interest Disclosures
This Account is not interest-bearing. No interest will be paid on this Account.
1.8 Confidentiality and Our Privacy Policy
Information about your Account and your transactions is collected pursuant to the Agreement. The Program Partner’s privacy policy is available at https://catch.co/legal/privacy.
1.9 Deposits Into Your Account You may make deposits into your Account using any of these methods described below. We do not charge you any fees for making deposits.
| Deposit Method | Limitations for Your Account |
|---|---|
| Direct Deposits and other ACH transfers initiated by a third party* | No limits |
| Internal transfers between eligible Accounts managed by the Program (see the “Transfers To or From Accounts You Have With Us” section of the Agreement) | No limits |
| ACH transfers to your Account from a connected U.S. bank account with another institution (see the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement)** | Tier 1: $2,000/day $5,000/month Tier 2: $5,000/day $25,000/month Tier 3: $10,000/day $50,000/month |
| * The recipient’s name on any direct deposit or ACH must match the name on the Account or the deposit may be returned to the originator. | |
| ** You may transfer funds between your Account and another bank account. The connected bank account must be located in the United States. |
1.10 Our Funds Availability Policy
It is our policy to make deposits to your Account available for withdrawal according to the table provided in the “Our Funds Availability Policy” section of the Agreement, except where limited by us pursuant to the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement.
Your Account supports the following types of deposits:
| If you make or receive a deposit via… |
|---|
| Internal transfers between eligible Accounts managed by the Program (see the “Transfers To or From Accounts You Have With Us” section of the Agreement) |
| Direct Deposits and other ACH transfers initiated by a third party |
| ACH transfers to End User account from connected U.S. bank account with another institution |
1.11 Withdrawals From Your Account
You, or, if applicable, an Authorized User, may withdraw funds up to the amount of your Available Balance less applicable fees using any of the methods below and subject to the following limits:
| Withdrawal Method | Limitations for Your Account |
|---|---|
| Internal transfers between eligible Accounts managed by the Program (see the “Transfers To or From Accounts You Have With Us” section of the Agreement) | No limits |
| ACH transfers from your Account from a connected U.S. bank account with another institution (see the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement) | Tier 1: $2,000/day $5,000/month Tier 2: $5,000/day $25,000/month Tier 3: $10,000/day $50,000/month |
| ACH transfers to a merchant or other third party you authorize to withdraw from your Account using your routing number and account number | No limits |
| ACH transfers to another consumer account (P2P Transfer) | Tier 1: $2,000/day $5,000/month Tier 2: $5,000/day $25,000/month Tier 3: $10,000/day $50,000/month |
1.12 Overdraft Services
We do not offer overdraft services or charge fees for overdrafts or non-sufficient funds. We typically will return or decline to process a transaction (including, where applicable, ATM and debit card transactions) if it exceeds your Available Balance.
However, it is still possible for you to overdraft your Account, such as when you write checks (since there is a delay between when you write the check and when we receive it for processing), when we settle authorized debit card transactions, as discussed in the “Debit Card Authorization” section of the Agreement, or if a deposit you make is returned.
You must make a deposit immediately to cover any negative balance, including a negative balance resulting from an overdraft, without notice or other demand from us. If your Account has a negative balance for sixty (60) calendar days or more, we may close your Account. We reserve the right to close your Account at an earlier date, as permitted by law.
1.13 Fee Schedule
There are no fees associated with this Account. Fees are subject to change at any time. We will provide you advance notice of any changes where required by law.
1.14 Types of EFTs Supported by Your Account
Your Account supports the following types of EFTs:
- Transfers to or from your Account and a connected bank account.
- Transfers from your Account to another person’s bank account using the P2P Transfer Service.
- Transfers to or from your Account by a merchant or other third party to whom you have provided your Account routing number and account number.
1.15 P2P Transfer Services Applicability
The P2P Transfer Service is not enabled for your Account; therefore, the P2P Transfer Services section of the Agreement is not applicable to your Account.
1.16 Check Deposits, Mobile Deposit Services, and Check Writing Applicability
The Check Deposit Services are not enabled for your Account; therefore, the Check Deposits, Mobile Deposit Services, and Check Writing section of the Agreement is not applicable to your Account.
1.17 Wire Transfers Applicability
Wire transfers are not enabled for your Account; therefore, the Wire Transfers section of the Agreement is not applicable to your Account.
1.18 Debit Card Applicability
Debit cards are not enabled for your Account; therefore, the Cardholder Agreement is not applicable to your Account.
1.19 Authorized Users Applicability
You are not permitted to designate Authorized Users for your Account.