Vera Money Privacy Notice

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. The terms “Vera,” “Veramoney,” “Verde,” and “Vera AI” refer to Verde, Inc. dba Vera Money and are used interchangeably throughout this disclosure.

Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

Social Security number and government-issued identification
Account balances and transaction history
Payment history and transfer activity
Mobile device identifiers and authentication credentials
IP address and geolocation information
Credit history and identity verification data

When you are no longer our customer, we continue to share your information as described in this notice.

How?

All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Vera Money chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information

Does Vera Money share?

Can you limit this sharing?

For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes

For our marketing purposes — to offer our products and services to you

Yes

For joint marketing with other financial companies

We don’t share

For our affiliates’ everyday business purposes — information about your transactions and experiences

We don’t share

For our affiliates’ everyday business purposes — information about your creditworthiness

We don’t share

For our affiliates to market to you

We don’t share

For non-affiliates to market to you

We don’t share

Questions?

Email privacy@veramoney.com, visit veramoney.com/privacy, or write to Vera Money, Privacy Office, 2602 Valley Way, Cheverly, MD 20785-2959.

Who we are

Who is providing this notice?

Verde, Inc.

What we do

How does Vera Money protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards, encrypted data transmission and storage, and secured files and facilities.

We also maintain physical, electronic, and procedural safeguards and limit access to customer information to employees and service providers for whom access is necessary to perform their functions.

How does Vera Money collect my personal information?

We collect your personal information, for example, when you:

Open an account or apply for services
Send or receive a payment
Link an external bank account
Provide us your contact or identity information
Use our mobile application or website

We also collect your personal information from others, such as credit bureaus, identity verification providers, fraud prevention networks, or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only:

sharing for affiliates’ everyday business purposes—information about your creditworthiness
affiliates from using your information to market to you
sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

Vera Money currently has no affiliates.

Nonaffiliates

Companies not related by common ownership or control. They can be financial and non-financial companies.

Vera Money does not share with non-affiliates so they can market to you.

Joint marketing

Vera Money does not jointly market.

Other important information

California Residents: California law gives you the right to ask us not to share your personal information with nonaffiliates for their marketing purposes. Vera Money does not share with non-affiliates for marketing, so no opt-out is needed. For additional information about your privacy rights under the California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA), please visit veramoney.com/privacy or contact us at privacy@veramoney.com.

Vermont Residents: In accordance with Vermont law, we will not share information we collect about Vermont customers with companies outside of Vera Money, except as permitted by Vermont law, such as with your consent or to service your account.

Nevada Residents: Nevada law gives you the right to opt out of the sale of certain covered personal information. Vera Money does not sell your personal information to third parties. For questions, contact us at privacy@veramoney.com.

This notice is provided pursuant to the Gramm-Leach-Bliley Act (15 U.S.C. §§ 6801–6809) and applicable state laws.

Vera Money, a DBA of Verde, Inc., is a financial technology company, not a bank. Vera Money is not FDIC-insured. Funds may be held for your benefit by First Federal Bank of Kansas City, Member FDIC.

Funds in custodial accounts may be eligible for FDIC insurance coverage on a pass-through basis, subject to certain regulatory requirements and conditions being met (for example, proper recordkeeping and ownership identification). FDIC insurance only protects against the failure of an FDIC-insured bank; it does not protect against losses due to fraud, theft, market events, or Vera Money’s operations.

FDIC insurance coverage is subject to the standard insurance limits — currently up to $250,000 per depositor, per insured bank, for each account ownership category. Your total coverage depends on your relationship with the bank and the aggregate balances you hold there, including through other accounts you may maintain directly with the same bank.