Sequin — 2023 Wrapped: A note from Sequin’s CEO, Vrinda Gupta 🎁

Terms & Conditions

All genders welcome!

Sequin is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC.

The Sequin Rewards Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC.

Your deposits qualify for up to a maximum of $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank 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://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.

+ Terms and conditions apply to the cashback rewards program. See http://sequincard.com/rewards-terms for details. Cashback rewards earned will be credited to your account on the second day of the month. ATM transactions, the purchase of money orders or cash equivalents, and account funding made with your debit card are not eligible for cashback. Please refer to the Rewards Terms and Conditions for more details. No minimum opening deposit required to open a Sequin High-Interest Checking Account & $25 minimum opening deposit required for a Sequin Rewards Checking Account.

Earn cashback rewards at a rate of 6% on eligible categories in a calendar month in which you spend at least $500 on the Sequin Visa® Rewards Debit Card. If you make less than $500 in settled debit transactions on the Sequin Visa® Rewards Debit Card in a calendar month, you earn cashback rewards on debit transactions at a rate of 0.5% cashback on eligible categories.

§ We are not affiliated, associated or endorsed by the brands we list on sequincard.com. All names, marks, emblems and images are registered trademarks of their respective owners. Any product names, logos, brands, and other trademarks or images featured or referred to within the Sequin website (sequincard.com) and/or on any social media forum are the property of their respective trademark holders. We declare no affiliation, sponsorship, nor any partnerships with any registered trademarks.

† The interest rate on your account is 3.50% with an Annual Percentage Yield (APY) of 3.56% for a Sequin High-Interest Checking Account, and 1.00% with an Annual Percentage Yield (APY) of 1.01% for a Sequin Rewards Checking Account effective as of 01/04/2024. Rate is variable and is subject to change after account opening. Rate is compounded daily and credited monthly. No minimum deposit required to open a Sequin High-Interest Checking Account & $25 minimum deposit required for a Sequin Rewards Checking Account. Fees may reduce earnings.

National average bank interest rate is 0.07% APY as of October 2023. Obtained from the FDIC.

¹ Sequin Consumer Deposit Account Agreement

² With a Sequin High-Interest Checking Account (available to Sequin Members), you get up to four international ATM fee reimbursements per month, up to $20.00. Sequin Members will receive their reimbursement by the 10th day of the following month.

³ Sequin University, Credit Tools, and Perks are not affiliated with Thread Bank. Sequin Member results are based on a 2022 study of 100 participants over a period of three weeks. Results may vary.

Sources:

|| Women have more anxiety about finances than men, Morning Consult Pro, 2024

|| 14% of women go into debt for beauty, Lending Tree, 2023

|| Women are less likely to invest our assets, Magnify Money, 2019

|| Women pay higher interest rates and more in fees - while investing less, FINRA, 2012

|| Debit cards don’t usually earn rewards, Banks.com, 2024

|| Women pay 30% more in overdraft fees as compared to men, BankingDive, 2019

|| Most cards are black and blue, CanStar, 2022

|| Women were granted rights to bank accounts and debit cards only 50 years ago, Forbes, 2023

|| Sequins were a Venetian gold currency until, over time, the reflective metals became decorative accents, Research Gate, 2013

|| Everyday products and services cost women $188,000 more over our lifetimes, BankRate, 2023


|| Women pay more for the same everyday goods and services, such as razors, deodorant, and hair care 42% of the time, DailyCampus, 2024

|| We've selected "Pink Tax" categories based on where women typically spend more on everyday products and services, GoBankingRates, 2024

Content for Educational and Informational Purposes Only. Our Service is designed to provide you with a general overview regarding finance, credit, and investing. It is not designed to be a definitive finance guide or to take the place of advice from a qualified financial planner or other professional. Given the risk involved in investing of almost any kind, there is no guarantee that the investment methods suggested will be profitable. We will not assume liability of any kind for any losses that may be sustained as a result of applying the methods suggested through the Service, and any such liability is hereby expressly disclaimed.

© Copyright 2024 Sequin Financial Inc. All rights reserved.