See our clear fees
|
Amount | Details | |
---|---|---|
Get started | ||
Card Purchase |
N/A |
|
Monthly Usage | ||
Monthly fee |
$4.95 |
|
Spend money | ||
PIN |
$0.75 |
|
Get cash | ||
ATM withdrawal (in-network) |
$2.50 |
“In Network” includes MoneyPass ATM locations. For locations, visit www.myfastermoney.com. |
ATM withdrawal (out-of-network) |
$2.50 |
“Out-of-network” refers to all the ATMs outside of |
Bank Teller Cash withdrawal (U.S. or International) |
1.5% |
Of the withdrawal value. International Transaction Fee may also apply. |
Information | ||
Customer service (automated) |
N/A |
No fee for calling our automated customer service line, including for balance inquiries. |
Using your Card outside the U.S. | ||
International transaction |
3% |
Of the U.S. dollar amount of each transaction. Only available for Verified Cards. |
International ATM withdrawal |
$2.50 |
This feature is only available on Verified Cards. You may also be charged a fee by the ATM operator, even if you do not complete a transaction. International Transaction Fee may also apply. |
Third-Partyfees | ||
Delayed Funding - Mobile Check Load (via Ingo) |
$0 |
We do not charge you this fee. This fee is charged by an unaffiliated third party and may be subject to change without notice. This feature is only available on Verified Cards. |
Expedited Funding - Mobile Check Load (via Ingo) |
Greater of 4% or $5.00 |
You will be charged 4% of the check amount with a $5 minimum. We do not charge you this fee. This fee is charged by an unaffiliated third party and may be subject to change without notice. This feature is only available on Verified Cards. Via mobile phone - data and text rates may apply. |
Visa ReadyLink Cash Load |
$3.95 |
We do not charge you this fee. This fee is charged by an unaffiliated third party and may be subject to change without notice. This Feature is only available on Verified Cards. |
Western Union Cash Load |
$3.95 |
We do not charge you this fee. This fee is charged by an unaffiliated third party and may be subject to change without notice. This feature is only available on Verified Cards. |
Green Dot Cash Load |
$4.95 |
We do not charge you this fee. This fee is charged by an unaffiliated third party and may be subject to change without notice. This feature is only available on Verified Cards. |
MoneyGram Cash Load |
$3.95 |
We do not charge you this fee. This fee is charged by an unaffiliated third party and may be subject to change without notice. This feature is only available on Verified Cards. |
Other | ||
Card Replacement |
$9.95 |
7-10 Business Days for standard delivery |
Express Shipping |
$9.95 |
|
Check Refund Fee |
$9.95 |
Charged when you initiate closure of your card account and any remaining funds are sent to you via check. |
Your funds are eligible for FDIC insurance. Your funds will be held at or transferred to MetaBank, N.A., an FDIC-insured institution. Once there, your funds are insured up to $250,000 by the FDIC in the event MetaBank fails, if specific deposit insurance requirements are met and your card is registered. See fdic.gov/deposit/deposits/prepaid.html for details. No overdraft/credit feature. Contact Customer Service by calling 1-855-638-2226, by mail at P.O. Box 91607 Sioux Falls, SD 57109, or visit www.myfastermoney.com. For general information about prepaid accounts, visit cfpb.gov/prepaid. If you have a complaint about a prepaid account, call the Consumer Financial Protection Bureau at 1-855-411-2372 or visit cfpb.gov/complaint. |
FasterMoney® Visa® Prepaid Card Cardholder Agreement
CUSTOMER SERVICE CONTACT INFORMATION:
Address: P.O. Box 91607 Sioux Falls, SD 57109
Website: www.myfastermoney.com
Phone Number: 1-855-638-2226
IMPORTANT NOTICES:
(1) PLEASE READ CAREFULLY. THIS AGREEMENT CONTAINS AN ARBITRATION PROVISION REQUIRING ALL CLAIMS TO BE RESOLVED BY WAY OF BINDING ARBITRATION.
(2) ALWAYS KNOW THE EXACT DOLLAR AMOUNT AVAILABLE ON THE CARD. MERCHANTS MAY NOT HAVE ACCESS TO DETERMINE THE CARD BALANCE.
(3) BY ACCEPTING, SIGNING, OR USING THIS CARD, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS CONTAINED IN THIS AGREEMENT.
(4) IF YOU DO NOT AGREE TO THESE TERMS, DO NOT USE THE CARD. CANCEL THE CARD BY CALLING CUSTOMER SERVICE AND REQUESTING A REFUND CHECK, IF APPLICABLE.
(5) BY USING THIS CARD, YOU ARE ALSO AGREEING TO METABANK’S PRIVACY POLICY (INCLUDED).
This Cardholder Agreement (“Agreement”) sets forth the terms and conditions under which the FasterMoney Visa Prepaid Card (“Card”) has been issued to you by MetaBank®, National Association. In this Agreement, general references to “Card” include, unless otherwise specified, both Verified and Unverified Cards. “Verified Cards” are cards for which you have provided MetaBank personally identifying information that has been verified through our customer identification process. “Unverified Cards” are cards that are registered with limited personal information provided by you, but have not been run through our verification process. Your Card may or may not be pre-loaded with funds as
1. ABOUT YOUR CARD
Your Card is a prepaid card, which allows you to access funds loaded to your Card account. You should treat your Card with the same care as you would treat cash. We encourage you to sign your Card when you receive it. This Card is intended for personal, family, or household use and not intended for business purposes. Your Card account does not constitute a checking or savings account and is not connected in any way to any other account you may have. The Card is not a gift card, nor is it intended to be used for gifting purposes. The Card is not a credit card. You will not receive any interest on the funds in your Card account. We may close your Card or refuse to process any transaction that we believe may violate the terms of this Agreement or represents illegal or fraudulent activity. You are responsible for notifying us immediately upon any change to your address, phone number, or email address. If your address changes to a non-US address, we may cancel your Card and return funds to you in accordance with this Agreement.
2. YOUR CARD FUNCTIONALITY
A. Unverified Cards
You are not required to verify your Card through the verification process explained below. If you choose not to do so, you will be limited in functionality and protections, as indicated throughout this Agreement. You will not able to load funds, enroll in direct deposit, or conduct international transactions to your unverified Card. If you would like to enable these additional
B. Verified Cards
Important information for verifying a Card: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires all financial institutions and their third parties to obtain, verify, and record information that identifies each person who opens a Verified Card.
What this means for you: When you open a Verified Card account, we will ask for your name, street address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identification documents at any time. We may limit your ability to use your Card or certain Card features until we successfully verify your identity.
Eligibility and Activation: To be eligible to use and activate a Card, you represent and warrant to us that: (i) you are at least 18 years of age; (ii) the personal information that you have provided to us is true, correct and complete; (iii) you have read this Agreement and agree to be bound by and comply with its terms.
C. Personalized Cards
If you make a Qualified Load to a Verified Card, we will send you a “Personalized Card,” which is a card with your name embossed on it. Otherwise, you may receive a Personalized Card without a Qualified Load only by requesting one from Customer Service. Personalized Cards do not affect the functionality of your Card. Once you activate your Personalized Card, you will no longer be able to use your original Card plastic. When you activate the Personalized Card, your balance and any associated direct deposit enrollment information
3. UNAUTHORIZED TRANSACTIONS
A. Contact in Event of Unauthorized Transfer
If you believe your Card has been lost or stolen, call or write Customer Service IMMEDIATELY at the contact information found at the beginning of this Agreement.
B. Your Liability for Unauthorized Transactions
Tell us AT ONCE if you believe your Verified Card has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission. Calling Customer Service 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, you can lose no more than $50 if someone used your Verified Card without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your Card, and we can prove we could have stopped someone from using your Verified Card without your permission if you had told us, you could lose as much as $500.
Also, if your electronic history shows transfers that you did not make, including those made by your Verified Card or other means, tell us at once. If you do not tell us within 60 days after the earlier of the date you electronically accessed your account (if the unauthorized transfer could be viewed in your electronic history), or the date we sent the FIRST written history on which the unauthorized transfer 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.
Your Card may have some additional protections against unauthorized use:
Visa Zero Liability policy covers U.S. issued cards only and does not apply to PIN transactions not processed by Visa, certain commercial card transactions, or unregistered cards. You must notify us promptly of any unauthorized use. For additional details visit www.visa.com/security.
C. Business Days
For purposes of these disclosures, our business days are Monday through Friday, excluding Federal holidays.
4. USING YOUR CARD
A. Accessing and Loading Funds
Each time you use your Card, you authorize us to reduce the value available on your Card by the amount of the transaction and applicable fees. If you use your Card number without presenting your Card (such as for an internet transaction,
You CANNOT use your Card
Loading the Verified Card account: You may add funds to your Verified Card, called “loading,”
Split Transactions: If you do not have enough funds available in your Card account, you may be able to instruct the merchant to charge a part of the purchase to the Card and pay the remaining amount with another form of payment. These are called “split transactions.” Some merchants do not allow cardholders to split transactions or will only allow you to do a split transaction if you pay the remaining amount in cash.
B. Limits
Load, Withdrawal and Spend Limits (Third parties may impose additional limitations) |
||
Load Limitations | Limit | |
---|---|---|
Maximum Card balance at any time |
$10,000 |
|
Total number of times you can reload your Verified Card |
Five (5) times per day. |
|
Maximum ACH credit (direct deposit per load). Verified Card feature only. |
$10,000 per day. |
|
Remote Deposit Capture (via mobile phone – data and text rates apply). Verified Card feature only. |
$2,500 per day. |
|
Cash Deposit. Verified Card feature only. |
$950 per day. |
|
Withdrawal Limitations | Limit | |
Total number of Domestic ATM withdrawals |
No more than five (5) transactions totaling $2,500 per twenty-four (24) hours |
|
Total number of International ATM withdrawals |
No more than three (3) transactions totaling $500 per twenty-four (24) hours |
|
|
$5,000 in a twenty-four (24) hours |
|
|
No more than three (3) transactions totaling $500 per twenty-four (24) hours |
|
Spend Limitations | Limit | |
Maximum amount in Point of Sale Signature or Point of Sale PIN Transactions |
$2,500 per day |
C. Foreign Transactions
If you obtain your funds (or make a purchase) in a currency or country other than the currency or country in which your Card was issued ("Foreign Transaction"), the amount deducted from your funds will be converted by the network or card association that processes the transaction into an amount in the currency of your Card. The rate they choose is either: (i) selected from the range of rates available in wholesale currency markets (which may vary from the rate the association itself receives), or (ii) the government-mandated rate in effect for the applicable central processing date. The conversion rate selected by the network is independent of the Foreign Transaction fee that we charge as compensation for our services. You will be charged a Foreign Transaction fee in U.S. dollars equal to 3% on the total amount of the transaction. If the Foreign Transaction results in
5. CONFIDENTIALITY
We may disclose information to third parties about your Card account or the transactions you make:
(1) Where it is necessary for completing transactions;
(2) In order to verify the existence and condition of your Card account for a third party, such as merchant;
(3) In order to comply with government agency or court orders, or other legal reporting requirements;
(4) If you give us your written permission;
(5) To our employees, auditors, affiliates, service providers, or attorneys as needed; or
(6) As otherwise necessary to fulfill our obligations under this Agreement.
6. DOCUMENTATION
A. Receipts
You may be able to get a receipt at the time you make any transfer to or from your account using an ATM or point-of-sale terminals. You may need a receipt in order to verify a transaction with us or the merchant.
B. Account History and Balance
You may obtain information about your Card balance by calling Customer Service. This information, along with a 12-month history of account transactions, is also available online at the Website mentioned above.
If your account is registered and verified with us, you also have the right to obtain at least 24 months of written history of account transactions by calling or by writing Customer Service
7. TRANSACTIONS AND PREAUTHORIZED TRANSFERS
A. Right to stop payment and procedure for doing so
If you have told us in advance to make regular payments out of your Verified Card account, you can stop any of these payments. Call or write to Customer Service with the contact information located at the beginning of this Agreement in time for us to receive your request three business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call.
B. Notice of varying amounts
If these regular payments vary in amount, the person you are paying should tell you, at least 10 days before each payment, when it will be made and how much it will be.
C. Liability for failure to stop payment of preauthorized transfer
If you order us to stop one of these payments three business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.
D. Our liability for failure to complete transactions
If we do not complete a transaction to or from your Card account on time or in the correct amount according to our Agreement with you, we will be liable for your losses and damages proximately caused by us. However, there are some exceptions. We will not be liable, for instance:
(1) If, through no fault of ours, you do not have enough funds available in your Card account to complete the transaction;
(2) If a merchant refuses to accept your Card;
(3) If an ATM where you are making a cash withdrawal does not have enough cash;
(4) If an electronic terminal where you are making a transaction does not operate properly and you knew about the problem when you initiated the transaction;
(5) If access to your Card has been blocked after you reported your Card or PIN lost or stolen;
(6) If there is a hold or your funds are subject to legal process or other encumbrance restricting their use;
(7) If we have reason to believe the requested transaction is unauthorized;
(8) If circumstances beyond our control (such as fire, flood or computer or communication failure) prevent the completion of the transaction, despite reasonable precautions that we have taken; or
(9) For any other exception stated in our Agreement with you.
E. Preauthorized Credits
If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, the person or company making the deposit should tell you every time they send us the money. You can call Customer Service to find out whether or not the deposit has been made.
F. Authorization Holds
With certain types of purchases (such as those made at restaurants, hotels, or similar purchases), your Card may be “preauthorized” for an amount greater than the transaction amount to cover gratuity or incidental expenses. Any preauthorization amount will place a “hold” on your available funds until the merchant sends us the final payment amount of your purchase. Once the final payment amount is received, the preauthorization amount on hold will be removed. During this time, you will not have access to preauthorized amounts. If you authorize a transaction and then fail to make a purchase of that item as planned, the approval may result in a hold for that amount of funds.
8. IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR VERIFIED CARD
A. Warning Regarding Unverified Prepaid Accounts
It is important to register your
9. IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR VERIFIED CARD
Call or write Customer service at the Phone Number, Address, or Website mentioned above as soon as you can, if you think an error has occurred in your prepaid account. We must allow you to report an error until 60 days after the earlier of the date you electronically access your
(1) Your name and prepaid account or Card number.
(2) Why you believe there is an
(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 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 investigation. If you need more information about our error-resolution procedures, call Customer Service or visit our Website.
10. ADDITIONAL TERMS OF AGREEMENT
A. Personal Identification Number (“PIN”)
You will receive a Personalized Identification Number ("PIN") by calling Customer Service at the Phone Number above. You should not write or keep your PIN with your Card. Never share your PIN with anyone and do not enter your PIN into any terminal that appears to be modified or suspicious. If you believe that anyone has gained unauthorized access to your PIN, you should contact Customer Service immediately.
B. Returns and Refunds
If you are entitled to a refund for any reason for goods or services obtained with your Card, the return and refund will be handled by the merchant. If the merchant credits your Card, the credit may not be immediately available. While merchant refunds post as soon as they are received, please note that we have no control over when a merchant sends a credit transaction and the refund may not be available for a number of days after the date the refund transaction occurs. We are not responsible for the quality, safety, legality, or any other aspect of any goods or services you purchase with your Card.
C. Card Replacement and Expiration
If you need to replace your Card for any reason, please contact Customer Service. See Fee Schedule for applicable fees. Please note that your Card has a “Valid Thru” date on the front of the Card. You may not use the Card after the “Valid Thru” date on the front of your Card. However, even if the “Valid Thru” date has passed, the available funds on your Card do not expire. You will not be charged a fee for replacement cards that we send due to
D. Authorized Users
If you allow another person to use the Card, you will be responsible under this Agreement for all transactions made by that person, regardless of whether you intended to be responsible for all of them, as well as all associated fees and charges, even if any of those transactions, fees or charges caused your balance to go negative.
E. Communications
You agree that we may monitor and record any calls or other communications between us and you. You also agree that we or our service providers may contact you with any contact information you provide to us, including cellular and wireless phone numbers, landline numbers, and email addresses. You also agree that we or our service providers may contact you by using
11. LEGAL NOTICES
A. English Language Controls
Translations of this Agreement that may have been provided are for your convenience only and may not accurately reflect the original English meaning. The meanings of terms, conditions, and representations herein are subject to definitions and interpretations in the English language.
B. Account Closure
You may close your Card at any time by contacting Customer Service. Your request for Card closure will not affect any of our rights or your obligations arising under this Agreement prior to the request. Should your Card account be closed, we will issue you a credit for any unpaid balances, subject to fees as disclosed in the Long Form. We reserve the right to close your Card account should you complete or attempt to complete any of the prohibited actions in this Agreement.
C. Assignability
You may not assign or transfer your Card or your obligations under this Agreement. We may, however, transfer or assign our rights under this Agreement, including any balances in your Card account. If we assign our rights, you will get a notification from us.
D. Legal Process
Regardless of where or how we are served, we will comply with any state or federal legal process, including, without limitation, any writ of attachment, adverse claim, execution, garnishment, tax levy, restraining order, subpoena or warrant we believe to be valid relating to you or your Card. You agree that we will honor
E. Other Terms
You will be notified of any change to this Agreement in the manner required by applicable law prior to the effective date of the change. However, if the change is made for security purposes, we can implement such
12. JURY TRIAL WAIVER
YOU AND WE ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL RIGHT BUT MAY BE WAIVED IN CERTAIN CIRCUMSTANCES. TO THE EXTENT PERMITTED BY LAW, YOU AND WE KNOWINGLY AND VOLUNTARILY WAIVE ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION ARISING OUT OF OR RELATED TO THIS AGREEMENT. THIS JURY TRIAL WAIVER SHALL NOT AFFECT OR BE INTERPRETED AS MODIFYING IN ANY FASHION THE ARBITRATION CLAUSE SET FORTH IN THE FOLLOWING SECTION, WHICH CONTAINS ITS OWN JURY TRIAL WAIVER.
13. ARBITRATION CLAUSE
We have put this Arbitration Clause in question and answer form to make it easier to follow. However, this Arbitration Clause is part of this Agreement and is legally binding. For purposes of this section, our “ Notice Address”
Background and Scope. |
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Question | Short Answer | Further Detail |
---|---|---|
What is arbitration? |
An alternative to court |
In arbitration, a third party arbitrator (“Arbitrator”) solves Disputes in an informal hearing. |
Is it different from court and jury trials? |
Yes |
The hearing is private. There is no jury. It is usually less formal, faster and less expensive than a lawsuit. Pre-hearing |
Can you opt-out of this Arbitration Clause? |
Yes, within 60 days |
If you do not want this Arbitration Clause to apply, you must send us a signed notice within 60 calendar days after you purchase the Card. You must send the notice in writing (and not electronically) to our Notice Address. Provide your name, address |
What is this Arbitration Clause about? |
The parties' agreement to arbitrate Disputes |
Unless prohibited by applicable law and unless you opt out, you and we agree that you or we may elect to arbitrate or require arbitration of any "Dispute" as defined below. |
Who does the Arbitration Clause cover? |
You, us and certain "Related Parties" |
This Arbitration Clause governs you and us. It also covers certain "Related Parties": (1) our parents, subsidiaries and affiliates; (2) our employees, directors, officers, shareholders, members and representatives; and (3) any person or company that is involved in a Dispute you pursue at the same time you pursue a related Dispute with us. |
What Disputes does the Arbitration Clause cover? |
All Disputes (except certain Disputes about this Arbitration Clause) |
This Arbitration Clause governs all “Disputes” that would usually be decided in court and are between us (or any Related Party) and you. In this Arbitration Clause, the word “Disputes” has the broadest reasonable meaning. It includes all claims even indirectly related to your Card or this Agreement. It includes claims related to the validity in general of this Agreement. However, it does not include disputes about the validity, coverage or scope of this Arbitration Clause or any part of this Arbitration Clause. (This includes a Dispute about the rule against class arbitration.) All such disputes are for a court and not an Arbitrator to decide. |
Who handles the arbitration? |
Usually AAA or JAMS |
Arbitrations are conducted under this Arbitration Clause and the rules of the arbitration administrator in effect when the arbitration is started. However, arbitration rules that conflict with this Arbitration Clause do not apply. The arbitration administrator will be either: The American Arbitration Association ("AAA"), 1633 Broadway, 10th Floor, New York, NY 10019, www.adr.org. Arbitrations are conducted under this Arbitration Clause and the rules of the arbitration administrator in effect when the arbitration is started. However, arbitration rules that conflict with this Arbitration Clause do not apply. The arbitration administrator will be either:
If all the above options are unavailable, a court will pick the administrator. No arbitration may be administered without our consent by |
Can Disputes be litigated? |
Sometimes |
Either party may bring a lawsuit if the other party does not demand arbitration. We will not demand arbitration of any lawsuit you bring as an individual action in small-claims court. However, we may demand arbitration of any appeal of a small-claims decision or any small-claims action brought on a class basis. |
Are you giving up any rights? |
Yes |
For Disputes subject to this Arbitration Clause, you give up your right to: |
Can you or another consumer start a class arbitration? |
No |
The Arbitrator is not allowed to handle any Dispute on a class or representative basis. All Disputes subject to this Arbitration Clause must be decided in an individual arbitration or an individual small-claims action. This Arbitration Clause will be void if a court rules that the Arbitrator can decide a Dispute on a class basis and the court's ruling is not reversed on appeal. |
What law applies? |
The Federal Arbitration Act (“FAA”) |
This Agreement and the Cards involve interstate commerce. Thus, the FAA governs this Arbitration Clause. The Arbitrator must apply substantive law consistent with the FAA. The Arbitrator must honor statutes of limitation and privilege rights. Punitive damages are governed by the constitutional standards that apply in judicial proceedings. |
Will anything I do make this Arbitration Clause ineffective? |
No |
This Arbitration Clause stays in force even if: (1) you or we end this Agreement; or (2) we transfer or assign our rights under this Agreement. |
Process. |
||
What must a party do before starting a lawsuit or arbitration? |
Send a written Dispute notice and work to resolve the Dispute |
Before starting a lawsuit or arbitration, the complaining party must give the other party written |
How does an arbitration start? |
Mailing a notice |
If the parties do not reach an agreement to resolve the Dispute within 30 days after notice of the Dispute is received, the complaining party may commence a lawsuit or |
Will any hearing be held nearby? |
Yes |
The Arbitrator may decide that an in-person hearing is unnecessary and that he or she can resolve a Dispute based on written filings and/or a conference call. However, any in-person arbitration hearing must be held at a place reasonably convenient |
What about appeals? |
Very limited |
Appeal rights under the FAA are very limited. The Arbitrator’s award will be final and binding. Any appropriate court may enter judgment upon the arbitrator's award. |
Arbitration Fees and Awards. |
||
Who bears arbitration fees? |
Usually, we do. |
We will pay all filing, administrative, hearing and Arbitrator fees if you act in good faith, cannot get a waiver of such fees and ask us to pay. |
When will we cover your legal fees and costs? |
If you win |
If you win an arbitration, we will pay the reasonable fees and costs for your attorneys, experts |
Will you ever owe us for arbitration or attorneys' fees? |
Only for bad faith |
The Arbitrator can require you to pay our fees if (and only if): (1) the Arbitrator finds that you have acted in bad faith (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)); and (2) this power does not make this Arbitration Clause invalid. |
Can an award be explained? |
Yes |
A party may request details from the Arbitrator, within 14 days of the ruling. Upon such request, the Arbitrator will explain the ruling in writing. |