This disclosure and agreement ("Agreement") contains important
information about the Flex Xpress Prepaid Debit Card services Sandy
Spring Bank offers. Please read it carefully and retain it for
future reference. The terms "you" and "your" refer to the person(s)
who have established the Flex Xpress prepaid debit card account
("Card"). The term "Cardholder" refers to a person of at least 13
years of age, whom you have authorized to use the Card. The term
"Sponsor" refers to the individual who has obtained a Card account
for a Cardholder. The terms "we," "us," "our," "Sandy Spring" and
"Bank" refer to Sandy Spring Bank. By submitting an application
and/or by using Card services, you agree to the following terms and
conditions. Continued use of any and all services is contingent on
your Card remaining in good standing with the Bank and the other
conditions stated in this Agreement.
Throughout this Agreement, the following words have the meanings
"Agreement" means this Flex Xpress Prepaid
Debit Card Disclosure and Agreement.
"ATM" means an automated teller machine either
operated by the Bank or which is part of a network which accepts
the Card, including, but not limited to, the MasterCard®, NYCE®,
and Allpoint® networks.
"Business Day(s)" means Monday through Friday,
"Card" means the access device issued to you by
the Bank, which permits you to use ATMs, POS Terminals and
merchants who accept MasterCard to conduct Transactions.
"Cardholder" means the individual to whom a
Card is issued.
"Electronic Banking Service(s) or "Services"
means all of the electronic banking services described in this
Agreement, including Flex Xpress Prepaid Debit Cards, transfers,
and the use of the Flex Xpress Prepaid Debit Card website.
"Electronic Banking System" means the
components which permit you to make or initiate Transactions
through the various Services including, but not limited to, ATMs,
POS Terminals, telephone lines and equipment, personal computers
(PCs), computer systems, Internet access and web sites.
"Funding Account" means the account linked to the
Sandy Spring Bank Debit/ATM Card used to transfer funds to the Flex
Xpress Prepaid Debit Card.
"PIN" means the personal identification number or
personal security code, whether one or more than one, which you
choose or was assigned to you by the Bank which allows you to
access one or more Services.
"POS Terminal" means an electronic point-of-sale
terminal, which is part of a network that accepts the Card to pay
"Sponsor" means the individual who requests and
funds a Flex Xpress Prepaid Debit Card for a Cardholder with their
Sandy Spring Bank Debit/ATM Card.
"Transaction(s)" means all electronic funds
transactions performed through ATMs, POS Terminals, PCs, and other
"Transfer" means the movement of funds from the
funding account with a Sandy Spring Debit/ATM Card to the Flex
Xpress Prepaid Debit Card to add value to the Card.
"MasterCard Purchase(s)" means the use of a Card
to purchase goods or services from a merchant.
A. GENERAL PROVISIONS
THIS AGREEMENT AND ALL SERVICES PROVIDED IN CONNECTION
HEREWITH ARE SUBJECT TO THE TERMS OF THE RETAIL DEPOSIT ACCOUNT
AGREEMENT AND THE RETAIL ELECTRONIC BANKING AGREEMENT, WHICH TERMS
ARE INCORPORATED BY REFERENCE. This agreement supersedes
all prior oral or written agreements, understandings or
communications regarding the Services. Information
concerning fees applicable to Flex Xpress Prepaid Debit Card
Services are contained in the applicable Fee Schedules, which have
been provided to you and are also available in any of our community
offices or by calling our Client Service Center at
This Card is a stored value card. No interest is paid on
balances on the Card. The balances on the Card constitute
deposits of the Sponsor and are covered by FDIC insurance to the
extent provided by the rules and regulations of the
1. Periodic Statements; Receipts and
You will get a monthly statement for your Card online. You will be
able to view your Card activity at any time by visiting our website
at www.sandyspringbank.com and
selecting Flex Xpress under "More Services".
B. FLEX XPRESS PREPAID DEBIT CARD SERVICES
The following sets forth the terms and conditions governing your
use of Cards. You must have a valid Card and PIN (when required) to
transact business at ATMs and POS Terminals.
1. Lost or Stolen Cards
To report a lost or stolen Card, call our Client Service Center at
800-399-5919 between 8:00 A.M. and 7:00 P.M. Business Days and 8:00
A.M. and 1:00 P.M. on Saturday. Outside of these hours and on
banking holidays, call our BankCard Department at 800-236-2442.
Sponsors may also report a lost or stolen Card using the site. You
may also call our Client Service Center at 800-399-5919 between
8:00 A.M. and 7:00 P.M. Business Days and 8:00 A.M. and 1:00 P.M.
on Saturday. Outside of these hours and on banking holidays, call
our BankCard Department at 800-236-2442.
2. Types of Transactions
You may use your Card and PIN at any ATM by selecting "Checking"
- Withdraw cash from your Card.
- Determine the available balance on your Card.
3. Purchases at POS Terminals
Purchase of goods and services can be made with your Card and PIN
at any POS terminal which is part of a network which accepts the
Card. Payment for these purchases will be withdrawn from your Card.
As part of the purchase, you may be able to get cash back depending
on the policies of the merchant of the goods or services.
4. Card Use to Make
In addition to using your Card at ATMs and POS terminals, your Card
will be accepted at any MasterCard merchant location. You can use
your Card and your signature to make MasterCard Purchases at
MasterCard merchant locations just as you would with a credit card.
You authorize us to debit or credit, as applicable, your Card for
the total amount of any purchase, authorization request, cash
withdrawal or credit voucher originated by use of the Card. You
agree that you will not use the Card for any illegal transactions.
You understand that per United States Regulations, your Card will
be denied for any MasterCard purchase in specified foreign
countries that U.S. companies and individuals are prohibited from
participating in financial and other transactions with. This list
includes, but may not be limited to: Iran, Iraq, Libya, Sudan, or
5. Limitations on Dollar Amount of Transactions with
The limit on cash withdrawals at ATMs per processing cycle is
$210.00. For POS Terminal purchases with a Card when a PIN is
required, including cash back at POS Terminals (if available), the
limit is $1,000 per processing cycle. When using the Card to make
MasterCard Purchases, the limit per processing cycle is $1,000. No
withdrawals shall, in any event, exceed the available balance on
MasterCard Purchase - No Charge
ATM Balance Inquiry Sandy Spring ATM - No Charge
Non-Sandy Spring ATM - $2.00 per inquiry
ATM Withdrawal Sandy Spring ATM - No Charge
Non-Sandy Spring ATM - $2.00 per withdrawal
Card Replacement - $5.00 per Card
Overdraft on the Card - $15.00 per occurrence
Fees will be deducted from the Card. You agree to pay any service
charge applicable to the use of your Card. Charges are subject to
change at any time. You may be charged for each withdrawal, and
balance inquiry at any ATM not bearing the Sandy Spring Bank name
or any POS terminal. You may also be charged an access fee
(sometimes called a "surcharge") for the convenience of performing
cash withdrawals at any ATM not bearing the Sandy Spring Bank name.
These fees are charged by the third party, which owns and operates
the ATM and are beyond our control. These fees are in addition to
any fee we charge to perform withdrawals at non-Sandy Spring ATMs.
For a current list of ATM locations without transaction charges,
refer to our website.
7. US Currency
If your Cardholder makes purchases or cash withdrawals in foreign
currency, the transaction will be converted into U.S. Dollars using
MasterCard regulations and MasterCard may charge you a conversion
fee. The rate in effect on the conversion date may differ from the
rate used on the transaction date.
8. No Stop Payment Rights; Receipts;
You do not have the right to stop payment on any Transactions
originated by use of your Card. You may receive a printed record
after each successful ATM Transaction. When you use your Card to
perform MasterCard Purchases or Transactions at POS Terminals, your
copy of the sales slip will be your receipt. You agree that we do
not need to return record of a sales draft or cash withdrawal slip
originated by the use of your Card with the periodic statements we
electronically make available to you. Transactions will be
reflected on your monthly statements.
C. SPONSOR INFORMATION FOR FLEX XPRESS PREPAID DEBIT
1. Purchasing the Card
Only the Sponsor may purchase the Card. Sponsors may purchase the
card only at the Sandy Spring Flex Xpress website. Cards are not
available for purchase at any other Sandy Spring location. Each
Cardholder can only have one Card issued in their name. The Sponsor
may purchase up to, but have no more than five (5) cards. The
Sponsor represents to Sandy Spring that he or she is the Parent or
legal guardian of the Cardholder. The Sponsor further represents to
Sandy Spring that the Cardholder is at least 13 years of age.
You intend that Sandy Spring will rely on these representations
when issuing the card to you. Use of the Card by anyone who does
not meet these requirements negates any liability Sandy Spring Bank
may assume for unauthorized use.
2. Funding the Card
Only the Sponsor can fund the Card. The Card may be funded by
transferring value using a Sandy Spring Bank Debit Card. Debit Card
transfers are transactions on the accounts connected with those
cards (the "Funding Account") and are subject to the terms and laws
governing those accounts and transfers. Funds will be available on
the Card the same day that the transfer from the Funding Account is
3. Using the Card
The Cardholder is authorized to use the Card. The Sponsor and the
Cardholder will have access to information about the Card,
including, but not limited to, balance information and transaction
history by visiting at www.sandyspringbank.com and
selecting Flex Xpress under "More Services". You will get a
monthly online statement for your Card.
4. Insufficient Funds to Perform
Under certain circumstances, the Card may be used for Transactions
which exceeds the balance on the Card. If this occurs, the Sponsor
is liable for the amount of the Transaction in excess of the
balance on the Card, as well as any fee(s), including any overdraft
fees assessed in connection with the Transaction. Sandy Spring is
not obligated to honor any Transaction in which the amount of the
Transaction is in excess of the balance on the Card and is not
liable for refusing such transaction.
5. Account Closings
Sandy Spring will refund the balance on the Card if the Card is
damaged or defective or if the Sponsor requests that the Card be
closed. The balance on the Card may be refunded in the form of
direct deposit into the funding account or in such other form as
Sandy Spring may determine. Only the Sponsor may close the Card. If
you request that the Card be closed, it may not be used for any
further transactions. Sandy Spring may refuse any transaction
attempted after we have received a request to close the Card.