Terms of Use

EFFECTIVE DATE: When the application goes live.

LAST UPDATED: May 27th, 2021.

Please read this Terms and Use Document (Terms and Usage) carefully. Saving Mate manages this website and every other Saving Mate website, its associates, or representatives (collectively, the “Site”), and the material. These terms regulate the operation of the Web and extend to all users of the Site who use the Site by accessing or utilizing the Web in some manner, including the usage of the facilities and tools accessible or allowed on the Web. By clicking on the “I approve” icon, completing the registration procedure, and viewing the Web, you reflect:

You read, recognize, and consent to be bound by the terms of use.

You are of legal age to enter a contractual contract with the business.

You have the right to enter the terms of service either directly or on behalf of the company.

If you do not Want to be Restricted by the Terms in Usage, you cannot take advantage of this Platform or the Terms.

Acceptance of Terms

Welcome to the company Saving Mate, run by Hagbad Financial LLC. (Saving Mate). Management will be in the hands of the sector. “you” and “your” refer to the Service Customer in these Words. Often the Saving Mate “us” and “ours.”

Saving Mate provides an online platform for users to share money directly with each other through the Rotational Savings Community and participate in the Credit Building Individual Saver scheme.

PLEASE BE AWARE THE ARBITRATION AGREEMENT SECTION OF THE AGREEMENT, BELOW, CONTAINS PROVISIONS GOVERNING HOW CLAIMS FOR THE EFFECTIVE DATE OF THE AGREEMENT. IN PARTICULAR, IT CONTAINS AND ARBITRATION AGREEMENT, WHICH WILL, WITH LIMITED EXCEPTIONS, REQUIRE DISPUTES AND ARBITRATION OF THE AGREEMENT. (1) YOU ONLY WILL BE PERMITTED TO Make Lawsuits AND Request Redress AGAINST US ON INDIVIDUAL Grounds, NOT A Complainant OR Community Defendant Of Collective OR Legislative Litigation OR PROCEEDING; AND (2) You Waive YOUR RIGHT TO Obtain Compensation IN THE COURT OF LAW AND THE JURY TRIAL ON YOUR Charges. Any DISPUTE OR Allegation Related IN some WAY TO the Usage OF THE Platform Would BE Controlled AND Understood BY AND The Allegations.

You acknowledge and accept that Saving Mate is not a member of any Arrangements INTO BETWEEN USERS and that Saving Mate is not a BANK or ISSUER OF STORED VALUE Goods. Saving Mate AND SERVICES Allow USERS to connect DIRECTLY AND to exchange FUNDS between THEMSELVES.

Saving Mate DOES NOT Check, Support, Suggest, Validate OR Approve, OR OTHERWISE Have any warranty or guarantee concerning the consumer or user community. IS THE Exclusive Duty of USER INVESTIGATE Accessible to ANOTHER Individual OR Category.

Your use and inclusion in such programs will be subject to additional terms and conditions (“Supplementary Terms”), and these Supplementary Terms may either be specified in the contract or may be sent to you for consideration when you sign up to use the Supplemental Service. Whether the Words conflict with the Supplemental Words, the Supplemental Terms shall govern the Supplemental Terms concerning the Supplemental Terms. Such applicable Additional Terms are often referred to because of this as ‘Words.’

PLEASE Note that the Terms of Use are open for modification by Saving Mate with its Own Right at any time. As changes are made, Saving Mate may make a fresh copy of the Terms of Use available on the Web and within the App, and any additional Terms of Use may be made visible on or through the Site or App. We can also change the date of the “Last Version” at the top of the Words. Such adjustments to the Terms shall apply immediately to new users of the Web, Software, and Facilities and shall apply thirty ( 30 ) days after the announcement of such improvements to the Platform has been made to current users. Saving Mate may allow you to agree to the revised Terms in a defined manner until any Platform’s use, the Software, and the Service is permitted. If you do not agree to any change(s) after you have received a note of such change(s), you may avoid using the Platform, the Software, and the Services. Otherwise, your continued use of the Platform, the Software, and the Utilities would indicate your approval of some improvements. PLEASE Update the WEBSITE to THE THEN-CURRENT Terminology periodically.

How To Join The Service

The Application consists of an online portal, mechanism, and app (‘Service’) that enables users to link directly to each other and exchange money with each other in a Rotational Investment Group; and engage in the Credit Building Person Saver scheme. To become a User and access the Service, you must

Complete the online registration process within our Saving Mate Application

Agree to provide personal identification information, and

Connect your personal bank or other financial accounts to the Service.

USA Patriot Act Notice

In order to support the government to combat the financing of terrorist and money laundering operations, federal legislation allows Saving Mate and its Program Providers to collect, check and report details that recognize each individual utilizing the Program. We are expected to gather details from you, such as the following:

Your name:

Day of birth:

Address:

Identification percentage of the taxpayer

If your name can not be confirmed, we cannot be able to deliver the Service to you.

How the Service Works

Money shall be exchanged with and for all users who have entered the Community. Within the Party, each participant shall add the same amount in increments throughout the Project’s life and each member of the Community shall withdraw the same amount, except at different intervals. Both installment payments shall be made to one Community participant simultaneously as the installment payments are made minus Saving Mate ‘s fees.

Groups may be set up by any individual who is then referred to as the Group Leader. The person creating the Community shall decide on the four main features of the Community:

(1) the amount to be paid to any member entering the Group

(2) the length of the Group

(3) the number of Members and Roles within the Group (one Place per Participant)

(4) the volume of payments within the Group and payments outside the Group.

Failure to donate funds to the Community during the period and in the amounts accepted by the Consumer shall lead the participant to reduced or restricted access to the Program, including the inability to enter different Groups or collect transfers of pooled funds from any Groups entered by the User. If the Consumer fails to comply with his or her Party’s payment requirements for more than ten ( 10 ) days after the initial due date, the Provider may be able to withhold the full amounts owing directly from the User’s linked bank account.

Eligibility; Account Information

The application is intended exclusively for 18 years of age or older and who are lawfully eligible to enter into a contract. Through obtaining or utilizing the Service, you serve and warrant that I, you consent to be governed by these Terms and (ii) that you are not lawfully excluded from acquiring or using the Service by the nation’s rules in which you receive or use the Service.

You promise to include correct, up-to-date, and full details throughout the enrollment period and amend those details to make it reliable, up-to-date, and complete. Saving Mate retains the right to cancel or terminate your account and connect to the Service if any details given before or during the registration phase appear to be false, not up-to-date, or incomplete. You are liable for preserving the secret. You consent not to reveal the answer to any third party. You can inform Saving Mate instantly of any inappropriate usage of your User Account. Saving Mate takes no liability for User Material, User Account Details, or any User’s compliance with existing legislation, rules, and regulations.

Ownership

The service has been licensed. The Site, the Collective Content, and the information and content available on the Site, the App and the Services (collectively, “Saving Mate Properties”) are protected by copyright, trademark, and other laws of the United States and foreign countries. You acknowledge and agree that the Properties of Saving Mate, including all related intellectual property rights, are the exclusive property of Saving Mate and its licensors. You may not remove, alter or obscure any copyright, trademark, service mark, or other proprietary rights notices incorporated in or accompanying Saving Mate Properties. All trademarks, service marks, logos, trade names, and other proprietary names of Saving Mate used herein shall be trademarks or registered trademarks of Saving Mate. All other trademarks, service marks, logos, trade names, and other proprietary names shall be trademarks or trademarks of their respective parties.

                                  Verified Customer Record Language:
In order to use the payment functionality of Saving Mate’s application, you must open a “Dwolla Platform” account provided by Dwolla, Inc. and you must accept the Dwolla Terms of Service and Privacy Policy. Any funds held in or transferred through the Dwolla Account are held or transferred by Dwolla’s financial institution partners as described in the Dwolla Terms of Service. You authorize us to collect and share with Dwolla your personal information including full name, date of birth, social security number, physical address, email address and financial information, and you are responsible for the accuracy and completeness of that data. You understand that you will access and manage your Dwolla account through our application, and Dwolla account notifications will be sent by us, not Dwolla. We will provide customer support for your Dwolla account activity, and can be reached at suppport@savingmate.io.