--- title: "ACH Authorization Notice" description: "Topkey ACH Repayment Opt-in Notice — authorization for ACH repayments to Topkey." canonical: "https://topkey.io/legal/ach-authorization-notice" language: "en" --- [Legal Agreements](https://topkey.io/legal) # ACH Authorization Notice **Notice of Topkey, Inc. ACH Repayment Opt-in** This authorization allows Topkey, Inc. (“Topkey”, “we”, or “us”) to debit your bank account for certain fees and charges associated with your (the “Customer”, “you”, or “your) use of the Topkey services. Any terms not defined here will have the meaning assigned to them in the Agreement for the Use of Topkey Expense Management and Corporate Card Platform (the “Agreement”) already signed between Topkey and Customer. By checking the provided opt-in checkbox on our website, you acknowledge and agree the following: 1\. **Acknowledgement**: You acknowledge and affirm that you have thoroughly read, understood, and agreed to the terms of your signed Agreement with Topkey. 2\. **Authorization**: As per your Agreement, you authorize Topkey to initiate Automated Clearing House (ACH) transactions from your linked bank account that you have previously provided to Topkey (the “Linked Bank Account”) on the 1st day of every month for the current calendar month’s access to the services including the Platform Fee for using Topkey's Expense Management and Visa Corporate Card Service, if applicable. 3\. **Platform Fee**: The exact amount of the Platform Fee to be debited from your Linked Bank Account each month is as specified in your signed Agreement with Topkey or may be provided to you separately if it varies from the amount in your Agreement. 4\. **Responsibility**: You accept the responsibility of ensuring sufficient funds are maintained in your Linked Bank Account to cover the monthly Platform Fee as stipulated in your Agreement. Please note that this opt-in serves as an acknowledgment of the terms within your Agreement. It does not supersede or replace your signed Agreement with Topkey. The original agreement remains the authoritative document outlining the terms of your relationship with Topkey. ‍ ## Disclosures \*Topkey is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC Insurance available for funds on deposit through Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. The Topkey Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. The Topkey Visa charge card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. There may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail. \*\*Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions. 1 | The interest rate on the High Yield Deposit Account will be 2.93% with an Annual Percentage Yield (APY) of 2.97%. The interest rate on the Regular Deposit Account will be 1.52% with an Annual Percentage Yield (APY) of 1.53%. These rates are effective as of 9/17/26. These are variable rates and are subject to change after the accounts are opened based on the Federal Funds Rate. Minimum opening deposit and average balance requirements may apply. Fees could affect earnings on the account. Topkey does not provide tax, legal, or accounting services. All information on this site is for educational purposes only.