Debit Card Rewards Program

Last Updated: September 7, 2022
 

Eligible Topkey Account holders will receive rewards in the form of “points” on their qualifying card transactions (the “Points Rewards”). The terms of the Points Rewards may be amended by us from time to time, at our sole discretion, including discontinuation or suspension of the program at any time. Points Rewards are not a cash equivalent. Points Rewards are not available on ACH transfers. 

Under the Points Rewards program, Account holders will receive points equal to 1.5% of the total dollar value spent on qualifying bona fide debit card transactions. For example, each dollar spent would earn 1.5 points. The Points Rewards are then redeemable for cash with a value equal to one cent for each point. Topkey reserves the right to modify the ratio, value, or type of redemption at any time by modifying these terms. Your continuing use of your Topkey Account after such modification will mean you have consented to the new terms. 

To redeem your Points Rewards for cash, you must email us at support@topkey.io and provide the name of the Account holder with your request to redeem your Points Rewards. In the future, we may prescribe additional methods to redeem your rewards, such as through your Topkey Account portal.You may redeem your Points Rewards only if you are not delinquent in any amounts then owed to Topkey. 

You will be entitled to redeem your Points Rewards until date your Account is closed. After such time, such Points Rewards will not be available for redemption and you will lose any Points Rewards that were not redeemed. 

If you choose to redeem your Points Rewards for cash, your cashback will be deposited into your primary Topkey checking account. You can redeem your Points Rewards once the equivalent cash value has reached Fifteen Dollars ($15). 

To illustrate the above, for eligible transactions, if you spend $1,000 and you redeem your Points Rewards, you may be entitled up to a $15 in cashback issued following the month in which we processed your redemption. 

You are responsible for ensuring that the balance of Points Rewards is correct. If you believe that the balance is incorrect, please report the issue to us at support@topkey.io. You must notify us of any discrepancies within 60 days of such information being made available to you. If you do not notify us within 60 days, you forfeit the right to contest this balance, so long as such forfeiture is not prohibited by applicable law.

Your Points Rewards may be subject to additional terms. In the event your Account is closed, suspended, we otherwise suspect misuse of the program, or for any other reason, we may deny the redemption of any or all Points Rewards to your Account. You may be disqualified from participating in the Points Rewards program if 1] any previous payments were late 2] any current payments owed to Topkey are past due 3] you participate in self-dealing (eg: using Topkey to pay for products provided by the business, any of its affiliates, owners, or third-parties affiliated with your Company) 4] you are in breach of, or have previously breached, any of your agreements or terms with Topkey. 

We may, from time to time, exclude certain transactions from the Points Rewards. Non-qualifying transaction include, but are not limited to:

• Foreign transactions 
• Transactions that have been reversed, refunded or returned
• Transactions subject to chargebacks
• Purchases of lottery tickets, gift cards, prepaid cards, digital currencies, or other cash equivalents
• Transfers from deposit accounts or checking accounts
• Person-to-person money transfers
• ACH transfers

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Points Rewards are not your property. Points Rewards are not the property of any individual employee, agent, or representative of such business. Points Rewards may only be redeemed by individuals authorized to act on behalf of the account owner. PointsRewards can not be transferred to any other third party or Topkey account. 

You understand that you are responsible for determining and paying any taxes on accrued Points Rewards regardless of whether they are redeemed and that Topkey will not have any responsibility to provide reporting to you or any governmental authority, except where expressly required by law. You may opt out of the Points Rewards program by emailing us at support@topkey.io and requesting that you wish to opt out of the program. You understand that you will otherwise be automatically enrolled in the program unless and until you opt out by contacting us. Piermont Bank, N.A. is not affiliated with the Points Rewards program and does not administer it. This program and any other reward programs offered in connection are the sole responsibility of Topkey and its service providers.