Deposit Account Preauthorized Electronic Funds Transfer Authorization

Effective date: April 1, 2026

Preauthorization for Recurring Debits From Your Lead Account

You hereby preauthorize Lead Bank (“Lead”), EarnIn US1 LLC, as Lead’s authorized service provider (“EarnIn US1”) to make recurring electronic debit transfers from the transaction account and any sub-account(s) you maintain at Lead (collectively, the “Account”), to the external bank account you have linked to your Account (the “Linked Account”), and, if necessary, to correct erroneous debits and credits. The amount of each transfer shall be determined in accordance with the ranges described as follows:

The full balance available in the Account on each business day; or
The full balance available in the Account on each business day net of any of the following:
- A. If you are enrolled in Early Pay, any expedited transfer fee you owe for receiving your eligible direct deposit before your scheduled pay day, and/or
- B. If you used the Cash Out Link overdraft service (“Cash Out Link”), any funds owed to repay the overdraft, including the applicable service fee and any optional expedited transfer fee you may have chosen to pay in connection with your Cash Out Link transfer (collectively, the “Total Overdraft Amount”), and/or
- C. If you used the “Cash Out” product offered by Activehours, Inc. d/b/a EarnIn (“EarnIn”), any repayments due to EarnIn, including any voluntary tips and/or optional expedited transfer fees you may have chosen to pay in connection with your Cash Outs (collectively, the “Total Cash Out Amount”).
- D. If you used the Balance Shield transfer product, the transactions will appear as Cash Out Link transfers and covered under subsection B above.

Lead will transfer funds each business day to the extent the Account has a positive balance. You elect to only receive notice of varying amounts of debits under this authorization if any of the applicable debit amounts described above in the authorization deviate from the amounts described above.

Preauthorization for Recurring Debits From Your Linked Account

If there are insufficient funds in the Account to repay funds as set forth in the Preauthorization for Recurring Debits From Your Lead Account section above, you preauthorize Lead and Lead’s authorized service providers to initiate recurring ACH debits from your Linked Account, or if ACH debits are unsuccessful, Lead or its authorized service provider will charge any debit cards you have associated with your Linked Account in an aggregate amount (a) equal to the Total Cash Out Amount, (b) equal to the Total Overdraft Amount, and, (c) necessary to correct erroneous debits and credits. The timing of such electronic debit from your Linked Account shall be on or about the day your eligible recurring deposit would typically be received into your Account.

You elect to only receive notice of varying amounts of transfers under this preauthorization if the Total Cash Out Amount or the Total Overdraft Amount deviates from the amounts described above.

General Terms

You may check your current Account balance and view any upcoming amounts to be debited from either your Account or your Linked Account at any time by reviewing your EarnIn profile in the EarnIn mobile application.

You understand and agree that this preauthorization to initiate electronic funds transfers to and from your Account and your Linked Account will remain in full force and effect until you notify EarnIn US1 LLC, as Lead’s authorized service provider (“EarnIn US1”), that you wish to revoke this preauthorization by emailing care@earnin.com or through the chat feature in the EarnIn mobile application. You acknowledge that you must provide notice at least three business days before the scheduled debit date of any of the debit amounts above in order to cancel this preauthorization. If EarnIn US1 does not receive notice at least three business days before the scheduled debit date, EarnIn US1 may attempt, in its sole discretion, to cancel the debit transaction. However, EarnIn US1 assumes no responsibility for its failure to do so.

You understand and agree that if you revoke this Preauthorized Electronic Funds Transfer Agreement, (a) Lead will close your Account and transfer any remaining funds into your Linked Account, (b) you will no longer be able to use your Account, and (c) you will lose access to any services associated with your Account. You acknowledge and agree that it is your responsibility to switch all of your recurring direct deposits from your Account to your Linked Account or to another account where you will have access to any funds you may receive since your Account will be closed and no longer available for use. Further, you understand that your revocation of this Preauthorized Electronic Funds Transfer Agreement will not apply to ACH transactions performed before the revocation becomes effective.

Previous versions

Deposit Account Preauthorized Electronic Funds Transfer Authorization (April 7, 2025)