Terms Of Service

The websites located at https://app.chipdebt.com and https://chipdebt.com/ (collectively, the “Website”) and the Chip mobile application (the “Mobile App,” and together with the Website, the “Chip Technology”) are published, owned, and operated by Chip, LLC, its subsidiaries, affiliates and related entities (collectively, “Chip,” the “Company,” “we,” “us,” and “our”). These Terms of Use (the “Terms”) govern your access to and use of Chip Technology.

By accessing, browsing, submitting information to and/or using Chip Technology, you agree and acknowledge on your own behalf (referred to throughout the Terms as “you”) that you have read, understand and agree to be bound by these Terms and to comply with all applicable laws including, without limitation, all federal, state and local tax and tariff laws, regulations, and/or directives. If you do not agree to the Terms, please do not use Chip Technology.

Purpose of Chip Technology. Chip Technology is provided solely for informational purposes and the purposes of enabling communication between you and Chip and your use of Chip’s Services (as defined below). The information provided is intended to be general in nature and does not necessarily address all the terms, exclusions, and conditions applicable to our products and services. The Chip Technology provides, among other items, financial information to assist you in managing your finances, paying off debt, and encouraging savings through savings goals, aggregation of financial data, as well as savings accounts and related services (“Services”). In an effort to provide you with Services, you authorize Chip and/or its trusted third-party partners to process payments and transfer funds from the third-party external financial account(s) that you designate through Chip Technology (your “Funding Source”) to your account with Chip (your “Chip Account”).

We do not warrant the accuracy, completeness, or usefulness of this information at any particular time. Any reliance you place on such information is strictly at your own risk. Chip disclaims all liability and responsibility arising from any reliance placed on such content by you or any other user of Chip Technology, or by anyone who may be informed of any of its contents. Any information you provide or that is collected by Chip through Chip Technology shall be handled in accordance with Chip Technology’s Privacy Policy, which is hereby incorporated by reference.

YOU HEREBY ACKNOWLEDGE AND AGREE THAT CHIP IS NOT A BANK, NOR IS IT A FINANCIAL PLANNER, BROKER, OR ASSET MANAGER. CHIP TECHNOLOGY IS MERELY A TOOL TO ASSIST YOU IN YOUR FINANCIAL PLANNING AND DECISION-MAKING. YOU ARE SOLELY RESPONSIBLE FOR YOUR SAVINGS AND SPENDING DECISIONS.

Use of Chip Technology. Chip grants you a non-exclusive right to access and use Chip Technology and the data, material, content or information therein (collectively, the “Content”) solely for your personal use. Your right to access and use Chip Technology shall be limited to non-commercial purposes unless you are otherwise expressly authorized by Chip to use Chip Technology for commercial purposes. You agree to use Chip Technology only for lawful purposes, to comply with all rules governing any transactions on and through the Chip Technology, and to comply with all applicable laws.

User Account Responsibility. If you are given or create a password to access Chip Technology, you are responsible for maintaining the confidentiality of your account and your password. You are responsible for all activities that occur under your account and you agree to notify Chip immediately of any unauthorized use of your account. Chip is not responsible for any loss that you may incur as a result of any unauthorized person using your account or your password.

Fees and Payments. By using Chip Technology and Services, and selecting any Services that we offer for a fee on a subscription basis, you accept the cost of the Services that you have elected to pay, and you authorize Chip and/or its trusted third-party partners to process your payment from the credit or debit card or other payment source you have identified through your Chip Technology account. If Chip is unable to collect your payment, Chip may instruct its third-party partners to initiate any sales in your Chip Technology account and cause the proceeds to be used to pay any current or past-due fees. If Chip is unable to collect your payment using one of the foregoing methods, Chip reserves the right to freeze or cancel your account in its sole discretion. If you purchase any Services that we offer for a fee, you agree to pay Chip, directly or via its designated third-party payment processor, all applicable fees as they become due plus all applicable related taxes. You may cancel your subscription from time to time as provided on the Chip Technology. We may refuse to renew any subscription.

If you select a Service subject to a recurring monthly subscription fee for personal use of the Chip Technology and Services (the “Subscription Fee”), notwithstanding any then-applicable payment arrangement, you agree to pay the Subscription Fee applicable to the Services you have selected. Current Subscription Fees associated with Chip Technology and Services can be found here: ____________________.

Chip may change the Subscription Fee and adjust pricing for the Services or any components thereof in any manner and at any time as we may determine in our sole and absolute discretion. We will notify you in advance of any change in Subscription Fees by sending you an email to the email address you provide through Chip Technology. Subscription Fee changes will take effect at the start of the next subscription period following the date of the Subscription Fee change. You accept the new fees by continuing to use the Chip Technology and Services after the fee change takes effect. If you do not agree with the applicable price change, you have the right to reject the change by terminating your account through Chip Technology in accordance with these Terms.

All information that you provide to register with Chip, including, without limitation, your credit card information or payment account information, is subject to Chip’s Privacy Policy. We may use a third-party payment service to charge your Funding Source. By submitting your payment account information, you grant Chip the right to store and process your information with the third-party payment service, which may change from to time. You agree that Chip will not be responsible for any failures of the third party to adequately protect such information. You acknowledge that we may charge (or use a third-party payment service to charge) your Funding Source for any applicable fees associated with your Chip Account or other amounts owing to Chip in connection with your use or misuse of the Services. Without limiting the foregoing, if any payment or transfer you make from your Chip Account is returned unpaid, you authorize us (or a third-party payment service) to make a one-time electronic fund transfer from your Chip Account or your Funding Source to collect an amount equal to the fee charged for such return, and we may instruct our third-party partners to initiate any necessary sales in your Chip Account and cause the proceeds to be used to pay any such fee.

YOU ARE RESPONSIBLE FOR THE TIMELY PAYMENT OF ANY FEES AND FOR PROVIDING CHIP WITH A VALID PAYMENT METHOD FOR PAYMENT OF ALL FEES THROUGH ONE OF THE METHODS THAT WE LIST ON OUR CHIP TECHNOLOGY FROM TIME TO TIME.

Refunds. Other than when expressly set forth on our Services as updated from time to time, or to correct any errors made by Chip, Chip has no obligation to provide refunds or credits, but may grant them in certain circumstances, such as a result of specific refund or guarantee promotions in Chip’s sole discretion.

Prohibited Uses. You agree that you will not:

• Use Chip Technology in any manner that could damage, disable, overburden, or impair Chip Technology or interfere with any other party’s use and enjoyment of Chip Technology;
• Attempt to gain unauthorized access to any Chip Technology account, computer systems or networks associated with Chip or Chip Technology;
• Obtain or attempt to obtain any materials or information through Chip Technology by any means not intentionally made available or provided by Chip;
• Use any robot, spider, or other automatic device, process or means to access Chip Technology for any purpose, including monitoring or copying any of the material on Chip Technology;
• Introduce any viruses, Trojan horses, worms, logic bombs, or other material which is malicious or technologically harmful;
• Attack Chip Technology via a denial-of-service attack or a distributed denial-of-service attack; or
• Impersonate or attempt to impersonate Chip, a Chip employee, another user or any other person or entity (including, without limitation, by using email addresses associated with any of the foregoing).

Notice and Consent to Receipt of Text (SMS) Messaging and Phone Calls. You may have the opportunity to receive SMS or "text" messages, pre-recorded voice messages or auto-dialed phone calls from Chip, its affiliates and related entities as well as third parties. Such messaging may be used to authenticate your identity or mobile device, as well as provide you informational updates about services or products you may have requested. In providing your mobile device number or cell phone number to Chip, you knowingly consent to such communications from Chip or for Chip to use your cell phone number or mobile device number in accordance with Chip’s Privacy Policy. In providing your number and accepting these Terms, you represent that you have the authority to agree to receive text messages at the telephone number that you provide to Chip, or from which you sent the text message request to us. You further acknowledge that no purchase is required to opt into this service, and you may opt out at any time by following instructions from Chip and as described in the Privacy Policy.

To discontinue receiving SMS messages from Chip at any time, reply STOP or text STOP to ________ or call ________. For help, reply HELP or text HELP to ________ or call ________.

Not all mobile devices or handsets may be supported by the Services and Chip Technology. Chip and any mobile carriers are not liable for delayed or undelivered messages. Message and data rates may apply to any text messages. Message frequency depends on the nature of your request. You hereby agree to be responsible for all costs, charges and fees you incur from your service or device provider as a result of choosing to receive such messages from Chip.

Third- Party Sites. Chip Technology may contain links to websites controlled or operated by persons and companies other than Chip (“Linked Sites”). Linked Sites are not under the control of Chip, and Chip is not responsible for the contents of any Linked Site, including without limitation any link contained on a Linked Site, or any changes or updates to a Linked Site. Chip is not responsible if the Linked Site is not working correctly or for any viruses, malware, or other harms resulting from your use of a Linked Site. Chip is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by Chip of the Linked Site or any association with its operators. You are responsible for viewing and abiding by the privacy policies and terms of use posted on the Linked Sites. You are solely responsible for any dealings with third parties who support Chip or are identified in the Chip Technology, including any delivery of, and payment for, goods and services.

Intellectual Property Notices. Chip Technology and Content are protected by copyrights, trademarks, or are subject to other proprietary rights. Accordingly, you are not permitted to use the Chip Technology or Content in any manner, except as expressly permitted by Chip in these Terms. Chip Technology or Content may not be copied, reproduced, modified, published, uploaded, posted, transmitted, performed, or distributed in any way, and you agree not to modify, rent, lease, loan, sell, distribute, transmit, broadcast, or create derivatives without the express written consent of Chip or applicable owner.

Your Content. You are solely responsible for any data, text, files, information, usernames, images, graphics, photos, profiles, audio and video clips, sounds, musical works, works of authorship, applications, links, and other content or materials (collectively, “Your Content”) that you submit, use, display, or share on or via Chip Technology. You must not submit, upload, post, display, or share Your Content that you do not have the right to copy, use, or share, for the purpose of your use of the Services. If you choose to provide Your Content to us, register for or participate in the Chip Technology and Services, you agree that you will provide accurate, complete, and up-to-date information as requested on the screens that collect information from you.

You acknowledge and agree that you are solely responsible for complying with the applicable restrictions on use of all Content, copyrighted materials and trademarks that you see, hear, and use on or through Chip Technology. You understand that any unauthorized use of such intellectual property would result in irreparable injury for which money damages would be inadequate. You further acknowledge that, in the event of any such unauthorized use, Chip or the applicable intellectual property owner will have the right, in addition to other remedies available at law and in equity, to immediate injunctive relief to prevent any such unauthorized use.

Questions regarding the use of any intellectual property provided on Chip Technology should be directed to info@chipdebt.com.

User Content Authorization. You expressly authorize Chip to access information from Funding Sources, including your bank accounts (the “Bank Accounts”) that you maintain online with third-party financial institutions with which you have customer relationships, maintain account(s), or engage in financial transactions (“Account Information”), which is included in Your Content, on your behalf as your agent. When you add Funding Sources through Chip Technology, you will be directly connected to the website for the third party you have identified. Chip’s trusted third-party processors will submit information including username and passwords that you provide to log you into such third-party website(s). You hereby authorize and permit Chip to use and store information submitted by you to Chip Technology (such as account passwords and usernames) to accomplish this task and to configure the Services so that they are compatible with the third-party sites for which you submit your information. For purposes of these Terms, and solely to provide the Account Information to you as part of the Services, you grant Chip authorization to access third-party sites, retrieve and use your information with the full power and authority to do and perform each thing necessary in connection with such activities, as you could do in person.

YOU ACKNOWLEDGE AND AGREE THAT WHEN CHIP IS ACCESSING AND RETRIEVING ACCOUNT INFORMATION FROM THIRD-PARTY SITES, CHIP IS ACTING AS YOUR AGENT AND NOT AS THE AGENT OF OR ON BEHALF OF THE THIRD PARTY.

You understand and agree that the Services are not sponsored or endorsed by any third parties accessible through Chip Technology. Chip is not responsible for any payment processing errors or fees or other Services-related issues, including those issues that may arise from inaccurate Account Information.

Your Chip Account. Any funds that you direct to be transferred from your identified Funding Source to Chip, will be held by Chip for your benefit in an FDIC-insured account maintained by one of Chip’s trusted third-party partner banks, namely Indiana Members Credit Union. Funds held in a commingled account by Chip’s trusted third-party partner banks will not be allocated on your behalf toward an identified debt until your funds in that account total $25.00 or another amount identified by you. You will not be entitled to any interest or other earnings that may accrue with respect to the funds held on your behalf by Chip, and you hereby irrevocably assign and transfer to Chip any right or interest that you may have therein. However, Chip does not hereby obtain any rights to the principal amount of the funds it holds on your behalf.

We may from time to time move your funds to a custodial account at another depositary institution, for liquidity, backup, storage, or other lawful purposes, but this will not affect your ability to access the funds and you remain the legal owner of your funds.

Certain limits on transfers to and withdraws may be imposed pursuant to terms with our trusted third-party partner banks and in connection with Chip’s fraud and security management system. Inquiries regarding up-to-date transfer and withdrawal limits should be direct to info@chipdebt.com.

Authorization to Initiate ACH Transactions. By accepting these Terms of Use, you authorize Chip and/or our third-party processor partners to initiate Automated Clear House (“ACH”) credit and/or debit transactions between your Funding Source and Chip. These transactions will either be initiated in Chip Technology by you (“Manual Transfers”) or initiated by Chip including, without limitation, transactions based on settings you have set up through the Services. The frequency and amount of these ACH credit and/or debit transactions will be determined by your Manual Transfers or settings. Period ACH transactions will be generated by Chip to move funds based on the settings you have established. Manual Transfers will be processed when authorized by you.

You acknowledge that it is your responsibility to provide correct payment instructions for your Funding Source to Chip and its third-party service providers when requested in connection with Chip Technology. You agree to be bound by the National Automated Clearing House Association operating rules and any applicable local ACH operating rules. You acknowledge that mismatched, incorrect, or incomplete identifying information regarding your Funding Source or payment instructions to make a deposit may result in an ACH transfer being rejected, lost, posted to an incorrect account or returned to the bank or financial institution that maintains your Funding Source without notice to you. You agree that Chip and/or its third-party service providers may request and that Chip and/or its third-party service providers may make ACH transfers solely by reference to the account number of the recipient. Chip and its third-party service providers shall not be obligated to determine whether there is a discrepancy relating to names or account numbers in transfers between your accounts with Chip and the loan you wish to pay down.

United States Only. Chip is based in the state of Indiana in the United States. Chip provides Chip Technology for use only by persons located in the United States. We make no claims that Chip Technology or any of its contents are accessible or appropriate outside of the United States. Access to Chip Technology may not be legal by certain persons or in certain countries.

Disclaimer. ALL INFORMATION OR SERVICES PROVIDED BY CHIP TO YOU VIA CHIP TECHNOLOGY, INCLUDING, WITHOUT LIMITATION, ALL CONTENT, ARE PROVIDED “AS IS” AND “WHERE IS” AND WITHOUT ANY WARRANTIES OF ANY KIND. CHIP AND ITS THIRD-PARTY LICENSORS EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. NOTWITHSTANDING ANY PROVISION CONTAINED HEREIN TO THE CONTRARY, CHIP AND ITS THIRD-PARTY LICENSORS MAKE NO REPRESENTATION, WARRANTY OR COVENANT CONCERNING THE ACCURACY, QUALITY, SUITABILITY, COMPLETENESS, SEQUENCE, TIMELINESS, SECURITY OR AVAILABILITY OF CHIP TECHNOLOGY OR ANY CONTENT POSTED ON OR OTHERWISE ACCESSIBLE VIA CHIP TECHNOLOGY. YOU SPECIFICALLY ACKNOWLEDGE THAT CHIP AND ITS THIRD-PARTY LICENSORS ARE NOT LIABLE FOR THE DEFAMATORY, OBSCENE OR UNLAWFUL CONDUCT OF OTHER THIRD PARTIES OR USERS OF CHIP TECHNOLOGY AND THAT THE RISK OF INJURY FROM THE FOREGOING RESTS ENTIRELY WITH YOU. NEITHER CHIP NOR ANY OF ITS THIRD-PARTY LICENSORS REPRESENT, WARRANT OR COVENANT THAT CHIP TECHNOLOGY WILL BE SECURE, UNINTERRUPTED OR ERROR-FREE. CHIP FURTHER MAKES NO WARRANTY THAT CHIP TECHNOLOGY WILL BE FREE OF VIRUSES, WORMS OR TROJAN HORSES OR THAT IT WILL FUNCTION OR OPERATE IN CONJUNCTION WITH ANY OTHER PRODUCT OR SOFTWARE. YOU EXPRESSLY AGREE THAT USE OF CHIP TECHNOLOGY IS AT YOUR SOLE RISK AND THAT CHIP, ITS AFFILIATES AND THEIR THIRD-PARTY LICENSORS SHALL NOT BE RESPONSIBLE FOR ANY TERMINATION, INTERRUPTION OF SERVICES, DELAYS, ERRORS, FAILURES OF PERFORMANCE, DEFECTS, LINE FAILURES, OR OMISSIONS ASSOCIATED WITH CHIP TECHNOLOGY OR YOUR USE THEREOF. YOUR SOLE REMEDY AGAINST CHIP FOR DISSATISFACTION WITH CHIP TECHNOLOGY OR THE CONTENT IS TO CEASE YOUR USE OF CHIP TECHNOLOGY AND/OR THE CONTENT. SOME JURISDICTIONS DO NOT PERMIT THE EXCLUSION OR LIMITATION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU. YOU MAY HAVE OTHER RIGHTS, WHICH VARY BY JURISDICTION. WHEN THE IMPLIED WARRANTIES ARE NOT ALLOWED TO BE EXCLUDED IN THEIR ENTIRETY, YOU AGREE THAT THEY WILL BE LIMITED TO THE GREATEST EXTENT AND SHORTEST DURATION PERMITTED BY LAW.

Limitation of Liability. UNDER NO CIRCUMSTANCES SHALL CHIP OR ANY OF ITS THIRD-PARTY LICENSORS (COLLECTIVELY, THE “RELEASED PARTIES”) BE LIABLE TO YOU OR TO ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS, LOSS OF USE, LOSS OF DATA, LOSS OF INFORMATION OR PROGRAMS ON YOUR DATA HANDLING SYSTEM, TRANSACTION LOSSES, OPPORTUNITY COSTS, INTERRUPTION OF BUSINESS OR COSTS OF PROCURING SUBSTITUTE GOODS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO CHIP TECHNOLOGY, OR THE DATA, CONTENT OR INFORMATION ACCESSED VIA CHIP TECHNOLOGY OR ANY HYPERLINKED WEBSITE, OR ANY DISRUPTION OR DELAY IN THE PERFORMANCE OF CHIP TECHNOLOGY, REGARDLESS OF THE FORM OF THE CLAIM OR ACTION, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY, STATUTE OR OTHERWISE, AND REGARDLESS OF WHETHER OR NOT SUCH DAMAGES WERE FORESEEN, UNFORESEEN OR FORESEEABLE, EVEN IF CHIP OR ITS THIRD-PARTY LICENSORS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANY OTHER PROVISIONS IN THESE TERMS OF USE, IN NO EVENT AND UNDER NO CIRCUMSTANCES WILL THE RELEASED PARTIES, OR ANY OF THEM, BE LIABLE TO YOU FOR ANY REASON OR ANY CAUSE OF ACTION WHATSOEVER IN AN AMOUNT MORE THAN THE GREATER OF TEN UNITED STATES DOLLARS ($10.00) OR THE AMOUNT YOU PAID TO CHIP FOR THE SERVICES GIVING RISE TO ANY CLAIMS YOU MAY HAVE IN THE TWELVE MONTHS PRECEDING THE FIRST EVENT GIVING RISE TO SUCH LIABILITY. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, OR HAVE LEGISLATION THAT RESTRICTS THE LIMITATION OR EXCLUSION OF LIABILITY, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

BY ACCESSING CHIP TECHNOLOGY SUBJECT TO THESE TERMS OF USE, YOU UNDERSTAND THAT YOU ARE WAIVING RIGHTS WITH RESPECT TO CLAIMS THAT ARE AT THIS TIME UNKNOWN OR UNSUSPECTED, AND IN ACCORDANCE WITH SUCH WAIVER, YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTOOD, AND HEREBY EXPRESSLY WAIVE, THE BENEFITS OF SECTION 1542 OF THE CIVIL CODE OF CALIFORNIA AND ANY SIMILAR LAW OF ANY STATE, COUNTRY OR TERRITORY, WHICH PROVIDES AS FOLLOWS: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST MATERIALLY AFFECT HIS OR HER SETTLEMENT WITH THE DEBTOR.”

Indemnity. You agree to defend, indemnify and hold harmless Chip and its affiliates, licensors and service providers from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses or fees (including reasonable attorneys' fees) arising out of or relating to (a) your violation of these Terms; (b) your use of Chip Technology, including, but not limited to, any use of the Chip Technology Content, services, or products other than as expressly authorized in these Terms or your use of any information obtained from Chip Technology; and (c) any mismatched, incorrect, or incomplete identifying information regarding your Funding Source or in payment instructions for any ACH transfer.

IN THE EVENT THAT ANY CHIP ACCOUNT HAS A DEFICIT (I.E. A NEGATIVE BALANCE) AT ANY TIME FOR ANY REASON, CHIP SHALL HAVE THE RIGHT, IN ITS SOLE DISCRETION, TO CLOSE THE ACCOUNT WITHOUT PRIOR NOTICE. YOU AGREE TO BE RESPONSIBLE FOR, AND PROMPTLY PAY TO CHIP, THE AMOUNT OF ANY DEFICIENCY IN ANY SUCH CHIP ACCOUNT WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS AND CONDITIONS (INCLUDING THE PARAGRAPH ABOVE REGARDING GENERAL INDEMNIFICATION), IN THE EVENT THAT CHIP) THROUGH ITSELF OR A THIRD PARTY ACTING ON ITS BEHALF) ELECTS TO PURSUE RECOUPMENT OF THE DEFICIT IN ANY ACCOUNT, SUCH DEFICIT SHALL ESTABLISH THE AMOUNT OF YOUR INDEBTEDNESS OWING TO CHIP. YOU AGREE TO REIMBURSE AND HOLD CHIP HARMLESS FOR ALL ACTIONS, OMISSIONS, COSTS, EXPENSES, FEES (INCLUDING, BUT NOT LIMITED TO, ATTORNEY’S FEES AND ANY EXPENSES), PENALTIES, LOSSES, CLAIMS OR LIABILTIIES ASSOCIATED WITH ANY SUCH DEFICIT IN YOUR ACCOUNT AND ANY ACTION TAKEN BY CHIP TO RECOUP THE SAME.

Termination and Restriction of Access. Until your access to Chip Technology is terminated by either you or Chip, these Terms will remain in force. You may terminate your Chip Account by notifying Chip either through the Services or via email at info@chipdebt.com of your intention to terminate.

PLEASE UNDERSTAND THAT SIMPLY DELETING THE MOBILE APP FROM YOUR DEVICE DOES NOT TERMINATE THE CHIP ACCOUNT, NOR DOES IT SUSPEND ANY SETTINGS YOU HAVE ESTABLISHED THROUGH THE CHIP TECHNOLOGY. IF YOU WISH TO TERMINATE YOUR CHIP ACCOUNT OR PAUSE OR STOP YOUR SETTINGS, THAT MUST BE DONE BY YOU WITHIN CHIP TECHNOLOGY OR BY CONTACTING info@chipdebt.com.

In the event of termination by you or by us, Chip will delete your user account and deactivate your login within ten (10) business days. Any funds held in your Chip Account at the time of termination will be credited to your Funding Source; except that if you have $0.05 or less in your Chip Account prior to termination, then no amount will be credited to your Funding Source, with the amount in your Chip Account used to cover ACH fees and other charges associated with closing the account. If Chip cannot connect to your Funding Source, you will need to add a new checking account to receive the funds. Any items that attempt to post to a Chip Account following closure thereof (whether by you or by Chip) will be returned “Account Closed.”

If you do not make use of the Services for a designated amount of time, applicable laws may require Chip to report these funds in your account as unclaimed property. Should this occur, we may try to locate you at the contact information you provided to us. If our attempts fail and we cannot locate you, we may be required, depending on state law, to report your funds as unclaimed property. The designated amount of time to report the funds as unclaimed varies, based on the state, but typically falls in a range of two to five years.

In its sole discretion, Chip may terminate or suspend your access to Chip Technology for breach of these Terms. Chip shall not be liable for any losses or damages arising from any such termination of service.

Arbitration. At its sole discretion, Chip may require you to submit any disputes arising from use of Chip Technology, or breach of these Terms, including disputes arising from or concerning their interpretation, violation, invalidity, non-performance, or termination, to final and binding arbitration under the Rules of Arbitration of the American Arbitration Association applying Indiana law. By using Chip Technology, you hereby consent to submission of any dispute to be final and binding arbitration.

Limitation on Time to File Claims. Any cause of action or claim you may have arising out of or relating to these Terms or Chip Technology must be commenced within one (1) year after the cause of action accrues, otherwise, such cause of action or claim is permanently barred.

Governing Law & Jurisdiction. These Terms are governed by the laws of the State of Indiana, U.S.A. You hereby irrevocably consent to the exclusive jurisdiction and venue of the courts in Indianapolis, Indiana, U.S.A. in all disputes arising out of or relating to the use of Chip Technology that are not submitted to arbitration.

Changes to these Terms of Use. Chip may update or change these Terms from time to time in order to reflect changes in any offered services, changes in the law, or for other reasons as deemed necessary by Chip, provided that such changes shall not apply to any fee-bearing subscriptions to the Services which are then in effect until the expiration or termination of such subscription. The effective date of any Terms will be reflected in the “Last Revised” entry at the top of these Terms. Your continued use of Chip Technology after any such change is communicated shall constitute your consent to such change(s).

General. You agree that no joint venture, partnership, employment, or agency relationship exists between you and Chip as a result of these Terms or use of Chip Technology. You may not assign these Terms without the prior written consent of Chip in all instances. Chip may assign these Terms, in whole or in part, at any time. Chip’s performance of this agreement is subject to existing laws and legal process, and nothing contained in these Terms is in derogation of Chip’s right to comply with governmental, court, and law enforcement requests or requirements relating to your use of Chip Technology or information provided to or gathered by Chip with respect to such use.

If any part of these Terms are determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision, and the remainder of these Terms shall continue in effect.

These Terms, including the Privacy Policy and all other documents expressly incorporated herein by reference, constitute the entire agreement between you and Chip with respect to Chip Technology, and supersede all prior or contemporaneous communications and proposals, whether electronic, oral, or written, between you and Chip. A printed version of these Terms and of any notices given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.

Chip Contact Information. Questions can be directed to Chip at: info@chipdebt.com.