Fair banking services are provided by Coastal Community Bank, Member FDIC. The Fair MasterCard® Debit Card is issued by Coastal Community Bankpursuant to a license by Mastercard International, Incorporated. The Fair MasterCard® Debit Card may be used everywhere Debit Mastercard® is accepted. Fair accounts are FDIC-insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC. Coverage limit is subject to aggregation of all of Customer’s funds held on deposit at Coastal Bank.
MasterCard® is a registered trademark of MasterCard International, Incorporated. The MasterCard® circles design is a trademark of Mastercard International Incorporated. All other trademarks and logos are the registered property of their respective owners. All rights reserved.
IMPORTANT INFORMATION FOR OPENING A CARD ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information that identifies each person who opens a Card Account. WHAT THIS MEANS FOR YOU: When you open a Card Account, we will ask for your name, address, date of birth, and your government ID number. We may also ask to see your driver’s license or other identifying information. Card activation and identity verification required before you can use the Card Account. If your identity is partially verified, full use of the Card Account will be restricted, but you may be able to use the Card for in-store purchase transactions. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. Use of Card Account also subject to fraud prevention restrictions at any time, with or without notice.
Investment and retirement services will be provided by FAIR Invest, LLC. Lending Services will be provided by FAIR Lending, LLC. FAIR INVEST, LLC. is registered as an investment advisor with the Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Custodial and brokerage services are provided by Apex Clearing Corporation, a member of the New York Stock Exchange, FINRA and SIPC.
Fair does not market to children under 13 years of age in compliance with the Federal Trade Commission’s Child Online Privacy Protection Act (“COPPA”). Parents will be able to add children aged 13 and over as an authorized user to their existing account and obtain a debit card. Each child aged 13 and over is added as an authorized user to the parent’s account. Fair will collect information on each authorized user as required by the USA PATRIOT Act to verify the identity of each authorized user.
Fair does not charge any fees in connection with Account-to-Account International Money Transfers. MasterCard and other third-party fees may apply, however. If Customer wants to use Account to Cash Out options through our partners, fees will apply. Please refer to the Fair Terms and Conditions atbankwithfair.com for a complete list of fees, restrictions, and terms and conditions related to this service.
All donations to refugee missions are screened carefully to ensure compliance with the USA PATRIOT Act and international global sanctions programs. Charities are not vetted or OFAC-screened by Coastal.