ACADEMY BANK N.A. SECURED CREDIT CARD      

ACCOUNT-OPENING DISCLOSURE  

Interest Rates and Interest Charges 
ANNUAL PERCENTAGE 
RATE (APR) for all Purchase 
Transactions 
APR for Balance Transfers 

APR for Cash Advances 

Penalty APR  

Paying Interest 

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 

Fees 

Annual Fee 

Transaction fees 
• Cash Advance Fee 
• Currency Conversion 

Transaction Fee 

• International Transaction Fee 
• Balance Transfer Fee 
Penalty Fees 
•  Late Payment Fee 
•  Over the Limit Fee 
•  Returned Payment Fee 
Other fees 
• Copying Fee 

• Card Replacement Fee 
• Special Processing Fee 

23.24% 
This APR will vary with the market based on the Prime Rate.1 

23.24% 
This APR will vary with the market based on the Prime Rate.1 
23.24% 
This APR will vary with the market based on the Prime Rate.1 

24.99% 
This APR may be applied to your account if you Fail to make OR satisfy the required minimum 
monthly payment within 60 days of the respective due date. 

How Long Will the Penalty APR Apply? : If your APR is increased for either reason, the 
Penalty APR will apply until you make six consecutive minimum payments when due. If you do 
not make these six consecutive minimum payments, we may keep the Penalty APR on your 
account indefinitely 

Each due date will be at least 25 days after the close of each billing cycle. We will not impose 
interest charges on purchases or balance transfers if you pay your entire balance in full by the 
due date each month. We will begin charging interest on cash advances on the transaction 
date. 
To learn more about factors to consider when applying for or using a credit card, visit 
the website of the Consumer Financial Protection Bureau at 
http://www.consumerfinance.gov/learnmore 

$35.00 
NOTICE: Your account will be assessed the $35.00 fee at the time that your account is established 
with us. This fee will reduce the amount of credit that you initially have available. Additionally, 
your account will be charged every year on the anniversary date of your account. 

 2% of amount advanced, up to $100.00 
None 

None 
None 

Up to $15.00 
None 
Up to $25.00 

$4.00 per-page fee for copies of transaction documents or statements unless we are required to 
provide them when resolving a billing dispute. 
$5.00 per card replaced prior to the normal reissue date. 
$35.00 per card for expedited processing and delivery, if available and offered. 

How We Will Calculate Your Balance: We use the method called “average daily balance (including new purchases and balance 
transfers).” See your Card Agreement for more details. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in the Card 

Agreement. The disclosures above are accurate as of the printing date of March 16, 2019 and are subject to change thereafter. 

Please contact us for any information on any changes, call 877-712-2265 or by writing us at the following 
address: Academy Bank, N.A. 
Attn: Credit Card Department 
PO Box 26458 
Kansas City MO, 64196 

1  Variable Rate Information: Prime Rate refers to the highest Prime Rate identified in the “Money Rates” column of the Wall Street Journal (WSJ) on the rate change date. The 
index and your corresponding rate APR may adjust monthly on the rate change date. The new rate will take effect on the first day of your next billing cycle. The value of the index 
on February 28, 2019 was 5.50%. The APR will be determined by adding the margin of 17.74%  to the value of the index. Your APR may change monthly. 

Revised 03-16-2019 

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ACADEMY BANK, N.A. SECURED CREDIT CARD AGREEMENT 
Thank you for opening a card account with us. This Academy Bank, N.A. Secured Credit Card Agreement (“Agreement”) and the related documents contain the terms that 
govern our issuance, and your use, of the card. Please read this Agreement and related documents carefully and keep them for future reference. Images of any of these 
documents can be used instead of the original. 
1. 

Some Definitions. The meanings of the terms you see in italics appear in Section 5(d). We will also use the following personal pronouns throughout 
this Agreement: 

In General. 
(a) 

(i)         “You,” “your” and “yourself” mean each applicant and co-applicant for the account; any person responsible for paying the account; and anyone else you 

authorize to use, access, or service the account. 

(ii)        “We,” “us,” “our,” “AB,” and “Academy Bank” mean Academy Bank, National Association, and its agents, authorized representatives, successors, 

(b) 

(i) 

and assignees. 

Account Information. 

We need information about you to manage your account. The information we need includes: 

(A) 
(B) 
(C) 
(D) 
(E) 
(F) 

your legal name; 
a valid U.S. mailing address and residential address (if different); 
your date of birth; 
your social security number or other government identification number; 
your telephone number(s); and 
your employment and income information. 

(ii)        You must tell us when this information changes. Please update your address in the manner provided on your statement. You may also update some of 
this information by logging onto your account on our website or by calling one of our representatives at the telephone number provided on your statement 
or on the back of the card. We may require you to provide additional documents that are acceptable to us to verify this information or any changes. We 
maintain the right to restrict or close your account if your information cannot be verified or if you do not provide additional information as requested. 

(c) 

Credit Limits. 

On or about the date you received this Agreement, we notified you in writing of your credit limit, which will also appear on your statements. 

(i) 
(ii)        Your maximum approved credit limit will be not less than $300.00, nor more than $3,000.00. Under no circumstance will your credit limit be more 

than the balance of your savings account described in Section 3(m)(i). 

(iii)       You are responsible for keeping track of your account balances and your available credit limit. You agree not to use your card to attempt to obtain credit 
in excess of your credit limit. We may still honor transactions above your credit limit, but our honoring of these transactions will not increase your credit limit, 
and is at our sole discretion. 

(iv)  We may also increase, decrease, restrict, or cancel your credit limit at any time, subject to applicable law. This will not affect your obligation to pay the 

indebtedness as required by this Agreement. If we change your credit limit, we will notify you in the manner required by applicable law. 

(v)        You have the ability to increase the credit limit of your card by adding additional amounts to the savings account in increments of $50.00 or more, up to 

the maximum credit limit of $3,000.00 by increasing the balance in your savings account. 

(d) 

Collateral Pledge. 

You will be required to give us a lien (security interest) on your Credit Builder Savings account. 

(i) 
(ii)        Our approval of your application is deemed to be your authorization to us to withdraw funds from the demand deposit (checking) account (“DDA”) 
identified in the application or use other provided funds to open a savings account in your name for the amount of the credit that you requested in your 
application.  At  the  same  time  we  inform  you  of  your  approved  credit  limit,  we  will  make  available  all  agreements  and  disclosures  applicable  to  the 
Credit Builder Savings account that we are required to provide to you under applicable law. The savings account will accrue and pay interest at the rate 
and Annual Percentage Yield that are in effect for our Credit Builder Savings account. 

(iii)       Whether you are or are not a customer on the date you submit the application, you may satisfy the collateral pledge requirement by granting a security 
interest in a savings account issued on or before the application date. You assign and grant to us, for valuable consideration, a security interest in the savings 
account, effective on the date you first use the card to initiate a transaction, to secure your obligation to pay the indebtedness, but only if we approve 
your application. 

(e) 

Acceptance of this Agreement and Changes to this Agreement. 

(i)         We issued card(s) to you as identified in the application. All issued card(s) were sent to you at the address you provided in your application. You will be 
deemed to have accepted and agreed to this Agreement on the day you first use the card to initiate a transaction after you first receive the card. 

(ii)        You will be deemed to have accepted changes to this Agreement and the related documents the first time you use the card to initiate a transaction after a 

change is effective. 

2. 

Your Account Use Agreements. 
(a) 

Using Your Account. 

(i)         You promise to follow the terms of this Agreement as long as your account remains open or has a balance due. Please sign the card immediately when 
you receive it. The card is valid during the dates provided on the front. We will release our security interest in the savings account as stated in Section 
3(m)(iv). Prior to the expiration date of the initial card we issued in response to your application, we will review your credit report (per Section 4(g)(ii)) 
and decide whether you may qualify for unsecured credit. If you do, we will notify you to that effect. If you respond positively to our notification, we 
will establish a new unsecured card account with an appropriate credit  limit  and issue  card(s) to you.  If you do not  qualify for  unsecured credit, we 
may issue replacement cards(s) unless you tell us otherwise. In any event, your account will continue to be secured by the savings account for as long as 
you are obliged to pay your indebtedness. 
The card is our property, and you will return it to us or destroy it if we ask. 
You will take reasonable steps to prevent the unauthorized use of the card. 

(ii) 
(iii) 
(iv)       We are not responsible if anyone refuses to accept the card for any reason. Also, we may reject any transaction for any reason. We may limit the type, 
number, or aggregate dollar amount of transactions you are permitted to initiate in a day, week, or billing cycle  for security reasons. If we impose such 
limits, you agree that we will not be liable to you if we do not authorize or process transactions in excess of those limits. Unless we tell you otherwise, 
we will bill each transaction to your account and apply it against your available credit limit for each billing cycle. 
Unless we agree, you may not use a transfer to transfer amounts from other accounts with us or any of our affiliates. 

(v) 
(vi)       You must not use, or try to use, the card for any Internet gambling transactions or transactions that are illegal or not permitted by us. You will still be 
responsible for all indebtedness arising from such transactions if you do, and they will be subject to this Agreement. You might have to reimburse the 
network and us for all damages and expenses. 

(vii)      You must not use, or try to use, the card for any transactions, such as securing or paying for rental car usage, as that is not permitted by us. You will still 
be responsible for all indebtedness arising from such transactions if you do, and they will be subject to this Agreement. You might have to reimburse the 
network and us for all damages and expenses. 

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(viii)  You agree that you will not use your card if we or you have suspended or canceled the card or account; after you have reported the card lost or stolen; 

after you file a petition for bankruptcy; or if you do not honestly expect to be able to pay your indebtedness in full. 

(ix)       From time to time, due to circumstances beyond our control (such as system failures, fires, floods, natural disasters or other unpredictable events), 
our services might be unavailable. When this happens, you might be unable to use the card or obtain information about your account. We will not be 
responsible or liable if this happens. 

(b) 

Transactions Made in Foreign Currencies. 

(i)         A currency conversion transaction fee in the amount set forth in the Disclosure Statement will be assessed on all transactions where the merchant country differs 
from the card issuer’s country. The converted transaction amount will be shown separately from the international transaction fee on your statement. 
(ii)        An international transaction fee in the amount set forth in the Disclosure Statement will be assessed on foreign transactions where a currency conversion is 

not performed. 

(c)          No Warranties. Except as otherwise provided in the “Billing Rights Summary” part of your statements (see Section 3(i)), we are not responsible for any 

claim you might have regarding the purchases of goods or services made with the card. 
Merchant Refunds. If you are entitled to a refund for goods or services purchased with the card, you will accept these refunds as credits to your account. 
We do not control when a merchant sends us your refund. We will also have a reasonable amount of time after we receive your refund to process it. 
Using a PIN. 

(d) 

(e) 

We may give you a PIN. For security reasons, you might have to provide the PIN before you are able to complete some transactions using the card. 

(i) 
(ii)  With a PIN, you may use the card to obtain cash from certain ATMs, or make purchases at certain merchant POSs. You may do these things if the ATM 

or POS requires entry of a PIN and displays the logo of the network on the card. 

(iii)       You should keep your PIN secure and not write it down, give it to anyone, or keep it with the card. If you lose the card or believe that someone has 

gained unauthorized access to your PIN, you must contact us immediately. 

3. 

Your Payment Agreements. 
(a)          Your Promise to Pay. You promise, individually and jointly, to pay us all amounts due on your account. This includes amounts where you did not sign a 
purchase slip or other documents for the transaction. If you use the card number without presenting the physical card (such as for mail, telephone or Internet 
purchases), this will be treated the same way as if you presented the card. If you let someone else use the card, you are responsible for all transactions that 
person makes. If you die, we will apply savings account funds to your indebtedness prior to making any surplus funds available to any other person or your estate. 
(b)         Making Payments. Your payments must be in U.S. dollars from a U.S. deposit account and otherwise be acceptable to us. We do not accept cash payments 

(c) 

through the mail. You may not make payments with funds from your account or any other credit account with us or any of our affiliates. 
Interest Charges and Fees. We will charge interest charges and fees to your account as disclosed to you in the Disclosure Statement and your statements. 
(i) Interest Charges. In general, interest charges begin to accrue from the day a transaction occurs.  
(a) We will not assess interest charges on any new purchases or balance transfers posted to your account provided you have paid your previous balance in full 

by its due date.  

(b) Interest charges will begin accruing on the date of the transaction for all cash advances. There is no grace period to avoid paying interest on these 

transactions. 

(c) The back of the statement provides a detailed explanation for calculating your interest charges. 

(ii) 

Fees. The following fees apply to your account only if they are provided in the Disclosure Statement. 

(A)    Annual Fee. We may charge this fee upon the opening of your card account and each anniversary of your card issue date. 
(B)    Balance Transfer Fee. We will charge this fee each time you request us to transfer a balance from another institution to your card account. 
(C)    Card Replacement Fee. We may charge this fee if we issue a replacement card at your request prior to the card’s normal reissue date. 
(D)   Cash Advance Fee. We may charge this fee each time you obtain a cash advance. 
(E)    Copying Fee. We may charge a per-page fee for copies of transaction documents or statements unless they are required when resolving a billing 

dispute. 

(F)    Currency Conversion Fee. We may charge this fee under the circumstances described in Section 2(b)(i). 
(G)   International Transaction Fee. We may charge this fee under the circumstances described in Section 2(b)(ii). 
(H)   Late Payment Fee. We will charge this fee if by 15 days after your scheduled payment due date, we have not received your minimum payment.  
(I)    Over the limit means exceeding your credit limit by more than $0.01. 
(J)  Returned Payment Fee. We may charge this fee each time any payment you make to us is not paid by your financial institution for any reason, even 

if your institution later pays it. 

(K)   Special Processing Fee. We may charge this fee if you request that your account have expedited processing and expedited delivery of your card to 

you, if available and offered. 

(iii)  We will not charge both a late payment fee and a returned payment fee in the same billing cycle. 
(iv) 

  We may increase your interest charges and fees as described in Section 4(j) or in the related documents. 
Minimum Payment. 

(d) 

(i)         Your statement will provide instructions for making payments, including the amounts due and the due date. If applicable, your statement will also provide a 
minimum payment amount. To avoid a late payment fee, your minimum payment must be received by us no later than 15 days after your scheduled payment 
due date. 

(ii)        In addition to the minimum payment, you may pay all or part of the balance on your account. However, you must still pay at least the minimum payment 
amount each month, even if you paid more than the minimum on the previous statement. We will continue to charge interest charges during billing cycles 
when  you  carry  a  balance  regardless  of  whether  your  statement  includes  a  minimum  payment.  If  your  account  is  60  days  past  due  the  entire  balance  is 
immediately due and payable. 

(iii)       Payments will be applied in the following order: (A) interest charges; (B) previous cash advances (including transfers); (C) previous purchases; (D) current cash 

advances (including transfers); and finally to (E) current purchases. 

(e) 

Index; Periodic Rate. 

The index is the highest Prime Rate published in the “Money Rates” column of The Wall Street Journal ("WSJ"). 

(i) 
(ii)        We may adjust the index monthly using the Prime Rate published in the WSJ on the 25th day of each month, or the day immediately preceding those 
dates on which the WSJ is published if the WSJ does not publish a Prime Rate on the 25th  day of a month. The new rate will take effect on the first 
day  of your next  billing cycle.  The WSJ  Prime  Rate in effect on March 16, 2019 was  5.50%. The  APR will be determined  by adding  the  margin of 
17.74% to the value of the index.  Your APR may change monthly. 

(f) 

Penalty Rate. If your minimum payment is not received within 60 days of the payment due date, your entire account balance is subject to the penalty 
rate of 24.99% APR. The Penalty APR will remain in place until you make six (6) consecutive minimum monthly payments when due, as 
indicated on your monthly account statement. After six (6) consecutive payments, the APR will revert to the standard APR as shown on the 
Account Opening Disclosure for Purchases, Balance Transfers, and Cash Advances. If you do not make these six (6) consecutive minimum payments, 
we may keep the Penalty APR on your account indefinitely. 

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(g)                  Variable Rates. How do you calculate variable rates? 

(i) 

We calculate variable rates by adding  a margin to the value  of the  index. Therefore, variable interest  rates may change when the  value  of the index 
changes. If the index value changes, your new interest rate (and corresponding APR) will take effect on your next billing cycle. 

(ii)  What are the daily periodic rates used to calculate my interest? The daily periodic rate for all transactions is 0.0636%. 
(iii)       How is the interest charge applied? Subject to your right to pay the “New Balance” in full by the due date without incurring interest charges, interest charges 

accrue from the transaction date, the date the transaction is posted to your account, or the first calendar day of the billing cycle, as applicable. Interest charges 
accrue on the unpaid amount until it is paid in full. This means you may owe interest charges even if you pay the entire “New Balance” one month, but 
did not do so for the previous month. 

(iv)       How do you calculate interest charges? We calculate your total interest charge by multiplying your average daily balance by the daily periodic rate and multiplying the 

result by the number of days in the billing cycle. Due to rounding or a minimum interest charge, this calculation may vary slightly from the interest charge actually 
assessed. 

(v)        We determine your daily periodic rate by dividing the corresponding APR by 365 and rounding to the nearest 1/1,000 of 1%, not to exceed the maximum 
allowed by applicable law. If the daily periodic rate and corresponding APR increase, the interest charge will increase and your minimum payment may be more. 

(vi)       To determine your average daily balance, add the daily balances together and divide the sum by the number of days in the billing cycle. 
(vii)      To determine your daily balance, take the beginning balance and add in new transactions and the periodic interest charge on the previous day’s balance, then 

subtract any payments and credits as of that day. However, if you paid your previous month’s balance in full (or if your balance was zero or a credit amount), 
new transactions are not added to the daily balances as long as the “New Balance” is paid in full by the due date. 

(h) 

Notice of Unauthorized Use. If the card is lost or stolen, or if you think someone is using the card without your permission, notify us immediately, orally      
AND in writing, at: 

Academy Bank, N.A. 
c/o Credit Card Processing 
Post Office Box 26458 
Kansas City, Missouri 64196-6458 
Toll Free: 1.877.712.2265 

You may be liable for the unauthorized  use of the card that occurs before you notify us of such use. Your liability will not exceed  $50.00 or the amount of money, 
property, labor, or obtained by unauthorized use before you notify us, whichever is less. You will not be liable for unauthorized use that occurs after you notify us and 
we have a reasonable opportunity to act on such notice. In no event shall we be obligated to reissue a lost or stolen card. You agree that we may monitor and/or record 
all telephone communications between you and us. 

(i) 

(j) 

Zero   Liability    Policy.    As   a    VISA®    cardholder,   you    have   certain    rights    under   VISA’s   Zero   Liability    program.   For   details,   see 
http://usa.visa.com/personal/security/visa_security_program/zero_liability.html. 
Disputed Transactions. 

YOUR BILLING RIGHTS – KEEP THIS NOTICE FOR FUTURE USE 

This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act. 
What to Do If You Find a Mistake On Your Statement 

   (i) 
                         (A) 

If you think there is an error on your statement, write to us at: 
Academy Bank, N.A. 
c/o Credit Card Processing 
Post Office Box 26458 
Kansas City, Missouri 64196-6458 

(B) 

(C) 

In your letter, give us the following information: 
(1)  Account Information: Your name and account number. 
(2)  Dollar Amount: The dollar amount of the suspected error. 
(3)     Description of the Problem: If you think there is an error on your statement, describe what you believe is wrong and why you believe it is 

a mistake. 
You must contact us: 
(1)  Within 60 days after the error appeared on your statement. 
(2)     At least three business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong. 
(3)     You must notify us of any potential errors in writing. You may call us, but if you do we are not required to investigate any potential errors 

(ii)  What Will Happen After We Receive Your Letter 

(A)  When we receive your letter, we must do two things: 

and you may have to pay us the amount in question. 

(1)     Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected 

the error. 

                              (C) 

(B) 

(2)     Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the statement is correct. 
While we investigate whether or not there has been an error: 
(1)  We cannot try to collect the amount in question, or report you as delinquent on that amount. 
(2)  The charge in question may remain on your statement, and we may continue to assess interest charges on that amount. 
(3)  While you do not have to pay the amount in question, you are responsible for the remainder of your balance. 
(4)     We can apply any unpaid amount against your credit limit.  
After we finish our investigation, one of two things will happen: 
(1)   If we made a mistake: You will not have to pay the amount in question or any interest charges or other fees related to that amount.  
(2)   If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest charges and fees. We 
will send 
you written notice of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount 
we think you owe. 
If you receive our explanation but still believe your statement is wrong, you must write to us within 10 days telling us that you still refuse to pay. 
If you do so, we cannot report you as delinquent without also reporting that you are questioning your statement. We must tell you the name of 
anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us. 
(E)         If we do not follow the rules above, you do not have to pay the first $50.00 of the amount you question even if your statement is correct. 

(D) 

(iii) 

Your Rights If You Are Dissatisfied with Your Credit Card Purchases 

(A)         If you are dissatisfied with the goods or services that you have purchased with the card, and you have tried in good faith to correct the problem 

(B) 

with the merchant, you may have the right not to pay the remaining amount due on the purchase. 
To use this right, all of the following must be true: 
(1)     The purchase must have been made in your home state or within 100 miles of your current mailing address, and the purchase price must have 
been more than $50.00. (Note: Neither of these are necessary if your purchase was based on an advertisement we mailed to you, or if we 

4 

 
own the company that sold you the goods or services.) 

2)  You must have used your card for the purchase. Purchases made with cash advances from an ATM or with a check that accesses 

your account do not qualify. 

(3)  You must not yet have fully paid for the purchase. 

(C) 

If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at: 

Academy Bank, N.A. 
c/o Credit Card Processing 
Post Office Box 26458 
Kansas City, Missouri 64196-6458 

 (D)     While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we will tell you our     
decision. At that point, if we think you owe an amount and you do not pay, we may report you as delinquent. 

(k)          Other Consequences of a Dispute. If you dispute a transaction made by you or someone else on your account, and we later credit your account for all or 

(i) 
(ii) 
(iii) 

(l) 

(i) 

part of the disputed amount, you give us all of your rights against that other person. In addition, you will: 

give us any merchandise or other purchases you received in connection with the disputed amount if we ask; 
not pursue any claim or reimbursement from the merchant and that other person; and 
help us pursue and get reimbursement from the merchant and that other person. 
Your help includes giving us documents that we ask for and that are acceptable to us. 
Mailed Payments. 

You must mail payments to us at the address provided on your statement or as otherwise instructed by us. We will credit each payment to your account 
on the day we receive it if: 

(A) 
(B) 
(C) 

you send the payment coupon included with your statement in the same envelope with your payment; 
you include your account number on your payment item; and 
your payment arrives at the address indicated on the payment coupon by the cutoff time. 

(ii)        Unless otherwise specified in Section 3(j)(i), and except as limited by applicable law, payments that conform to the requirements of Section 3(l)(i) will be 
credited to your account if we receive them by the cutoff time. If we receive any payment after the cutoff time, we will apply it the next business day except 
when a delay does not result in a finance or other charge. If the due date falls on a weekend or holiday, or a day on which we do not receive or accept 
payments, then we will treat any payment received by us at the correct address by the cutoff time on the next business day as if we received it by the cutoff 
time on the due date. We will not impose a separate fee for you to make payments unless the applicable payment method involves an expedited (that is 
same day or next day) delivery service. 

(iii)  We may accept payments that do not conform to the requirements set forth in this Section 3(l), and if we do so, we will apply them to your account 

not later than five days after we receive them. 

(m) 

Security Agreement. 

(i)         Pledge and Grant of Security Interest. For valuable consideration, you assign and grant to us a security interest in the Credit Builder savings account, to secure 

your obligation to pay the indebtedness. 

(ii)        Default. If an event of default occurs and remains uncured for a period of not less than 60 days after a due date, you authorize us to apply savings account 
funds to reduce the indebtedness to $0.00. We are not required to send you any additional notice or demand for payment. The rights described in this 
Section 3(m)(ii) are in addition to all other rights we have under the Agreement or applicable law. 

(iii)       Application of Funds to the Account. If any indebtedness remains unpaid, you will still be responsible for the repayment of that amount, and we may continue 
to report your account delinquent as applicable. If your account becomes subject to bankruptcy proceedings, we will treat the savings account as required by 
that process. We may, at our discretion, unsecure your account at any time by releasing our lien interest in the savings account. 

(iv)       Release of Security Interest in Savings Account. We will release our security interest in your savings account when we or you cancel or terminate your account, 

but only after applying savings account funds to your indebtedness. 

(v)        Legal  Proceedings;  Disputes.  You  represent  that  there  are  no  current  lawsuits  or  bankruptcy  proceedings  that  might  affect  our  interest  in  the  savings 
account. You have not and will not attempt to transfer any interest in the savings account to any person or offer the savings account as security for obligations 
other than the indebtedness. If your account or the savings account become involved or are likely to become involved in a legal proceeding, you understand 
that the entire balance of the savings account may be restricted until the matter is resolved. 

(vi)       Escheat.  You  understand  that  the  savings  account  may be  subject to applicable law  with  respect  to escheat  of dormant  funds,  as  set  forth  in  the  related 

documents. 

Our Account Servicing Agreements. 
(a)          Statements. We will send you one statement for all cards issued with respect to your account per billing cycle unless applicable law does not require or permit 
us to send only one statement. Statements will be sent at the end of each billing cycle when your account has a debit or credit balance of more than $1.00, or 
if we have charged any interest charges to your account. Your statement will show all transactions billed to your account during the billing cycle along with other 
important account information. 
Payment Processing. 

(b) 

(i)         We may accept and process payments without losing any of our rights. Even if we apply your payment to your account, we may delay the availability of 
credit until we confirm that your payment has cleared. We may resubmit and electronically collect returned payments. We may also adjust your account 
as necessary to correct errors, to process returned and reversed payments, and to handle similar issues. 

(ii)        When you provide an item as payment you authorize us either to use information from your item to make a one time electronic fund transfer from 
your  deposit  account  or  to  process  the  payment  as  an  item.  We  will  provide  additional  information  about  this  process  on  your  statement  or  other 
documents we send you before your payment. You may contact us and ask that we not process your future items in this way. 

(iii)       When you provide an item as payment, it might also be converted into an electronic image and collected and returned electronically. These electronic 
images may also be converted to substitute checks. We will not be responsible if an item you provide has physical features that when imaged result in 
it not being processed as you intended. 

(c)          Items with Restrictive  Words,  Conditions or  Instructions.  All items  that  have  restrictive  words,  conditions,  limitations,  or  special instructions added 
(including items marked with the words “Paid in Full” or similar language) and all accompanying communications must be mailed to and received at the 
address in your most recent statement. If you make your payment or send any accompanying communications to any other address, we may accept and 
process the payment without losing any of our rights. 

(d)         Credit Balances. We may reject and return to you any payment that creates a credit balance on your account. If we allow you to create a credit balance, 
such balance will not be available until we confirm that your payment has cleared. We may reduce the amount of a credit balance by any new transactions 
posted to your account. You may contact us in writing as provided on your statement and request a refund of an available credit balance. We will refund 
your credit balance not later than seven business days after we receive your written request. 
Account Default. 

(e) 

(i) 

We may consider you in default under this Agreement if:  

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4. 

 
 
 
(A) 
(B) 
(C) 

you do not make a payment by its due date; 
any payment you make is rejected, not paid, or cannot be processed; 
you exceed your credit limit; 

a bankruptcy or other insolvency proceeding is filed by or against you; 
you die or are legally declared incompetent or incapacitated; 

(D) 
(E) 
(F)  we determine that you made a false, incomplete, or misleading statement on any of your account documentation, or you otherwise tried 

to defraud us; 
you do not comply with any term of this Agreement, the related documents, or any other agreement with us; or 
you permanently reside outside the United States. 

(G) 
(H) 

If your account is in default, we may charge the late payment fee set forth in Section 3(c)(ii) and the Disclosure Statement. 

(ii) 
(iii)       Paying the fees charged in connection with a default will not by itself cure the default. In addition, if you are in default, we may take the following 

actions without notifying you, unless we are required to do so by applicable law: 

close or suspend your account; 
lower your credit limit; 
increase your minimum payment; 

(A) 
(B) 
(C) 
(D)  demand that you immediately pay the entire indebtedness (for example, as described in Section 3(d)); 
continue to charge you interest charges and fees as long as any indebtedness remains outstanding; and/or 
(E) 
pursue any other action against you that is permitted by applicable law, including the filing of a lawsuit against you. 
(F) 
  You must pay us all of our collection expenses, attorneys’ fees, and court costs, unless applicable law does not allow us to collect these amounts. 
Communications. 

(iv) 

(f) 

(i)         We may contact you from time to time regarding your account. We may contact you in any manner we choose unless prohibited by applicable law. For 

example, we may: 
(A) 
(B) 
(C) 
(D) 
(E) 
(F) 

contact you by mail, telephone, cellular telephone, email, fax, recorded message, text message, or personal visit; 
contact you at your home and at your place of employment; 
contact you at any time, including weekends and holidays; 
contact you with any frequency; 
leave prerecorded and other messages on your answering machine/service and with others; and 
identify ourselves, your relationship with us, and our purpose for contacting you even if others might hear or read it. 
(ii)        Our contacts with you about your account are not unsolicited and might result from information we obtain from you or others. We may monitor or 
record our conversations or other communication with you. Unless prohibited by applicable law, we may modify or suppress caller ID and similar services 
and identify ourselves on these services in any manner we choose. When you give us, or we obtain, your mobile telephone number, we may contact 
you at this number and can also leave prerecorded and other messages. We may do these things whether we contact you or you contact us. 

(iii) 

(g) 

  If you ask us to discuss your account with a person, you must provide us with documents that we ask for and that are acceptable to us. 
Credit Reports. 

(i)         We  may  provide  information  about  you  and  the  account  to  consumer  (credit)  reporting  agencies  and  others  as  provided  in  the  related  documents. 
Information we  provide might appear on your credit reports. This could  include negative information if you do not comply with the terms of this 
Agreement. 

(ii) 

(h) 

  We may obtain and use credit and income information about you from consumer (credit) reporting agencies and others as permitted by applicable law. 
Closing or Suspending Your Account. 

(i)         You may ask us to close your account by writing us as described on your statement. Your statement will provide additional information about this process, 
and we may also separately provide you with additional details after your request. This might include payment information. If you use the card or charges 
post to your account after you ask us to close it, we may keep it open or re-open it. 

(ii)        We may close or suspend your account and your right to obtain credit from us. We may do this at any time and for any reason permitted by applicable 

law, even if you are not in default. A suspension of your account might be permanent or temporary. 

(iii)       If  your  account  is  closed  or  suspended  for  any  reason,  you  must  stop  using  the  card.  You  must  also  cancel  all  billing  arrangements  that  access  the 
account. We will not do this for you. If we close or permanently suspend your account, you must also destroy all cards. You must still pay the indebtedness in 
full, even if it includes transactions posted to your account after we close or suspend it. 

(i)          New Offers. In the future, we might make new offers to you or forward offers from others that we think you might be interested in. These offers may 
have new or different terms and documentation for these offers will be provided when we make you the offer. If you accept the offer, your previously- 
disclosed terms will still apply except as modified by the offer. 
Changes to this Agreement. 

(j) 

(i)         At any time, we may add, delete, or change any term of this Agreement unless prohibited by applicable law. We will give you notice of any changes as 
required by applicable law. If we do notify you of changes, we will send you a separate notice or inform you on your statement. We may send this notice 
to you electronically as permitted by applicable law. Our notice will tell you when and how the changes will take effect and describe any rights you have 
in connection with the changes. 

(ii)        Your variable Annual Percentage Rate (if applicable) can go up or down as the index goes up or down. If we increase your interest charges for any other 
reason we will notify you in writing. If we increase your fees or other terms of your account we will notify you in writing and inform you of your options 
in advance, including the right to opt out of some of these changes. 

5. 

Miscellaneous. 
(a) 

The Law that Applies to this Agreement. 

(i) 

 This Agreement will be governed by the laws of the State of Missouri except to the extent governed by federal law. If any part of this Agreement is 
found to be unenforceable, the remaining parts will remain in effect. 

(b)         Waiver. We will not lose any of our rights if we delay taking any action for any reason or if we do not notify you. For example, we may waive your interest 
charges or fees without notifying you and without losing our right to charge them in the future. We may always enforce our rights later and may take other 
actions not listed in this Agreement if permitted by applicable law. You do not have to receive notice from us of any waiver, delay, demand, or dishonor. 
We may proceed against you before proceeding against any other person. 
Assignment. 

(c) 

This Agreement will be binding on, and benefit, any of your and our successors and assigns. 
You may not transfer this account or this Agreement to any person without our written permission. 

(i) 
(ii) 
(iii)       We may transfer your account and this Agreement to any person without your permission and without prior notice to you. They will take our place un- 
der this Agreement. You must pay them and perform all of your obligations to them and not us. If you pay us after you are informed or learn that we 
have transferred your account or this Agreement, we can handle your payment in any way we think is reasonable and permitted by applicable law. This 
includes returning the payment to you or forwarding the payment to the person to whom we transferred your account. 

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(d) 

Glossary. 

Account means the card account we have opened for you in response to your application. 

(i) 
(ii)        Affiliates means all financial institutions owned  by  Dickinson Financial Corporation.  As of the  publication date  of this Agreement, our affiliates are: 

Armed Forces Bank, N.A. 

(A) 
(B) 
(C) 
(D) 
(E) 
(F) 

all disclosures and materials provided to you before or when you opened your account; 
all documents we gave you when you opened the savings account; 
all other documents and disclosures relating to your account including those provided online; and 
all privacy notices describing our limitations on sharing information about you with others; 
all statements; 
any future documents describing changes we make to any of the above things. 

(iii)  Applicable law means the laws, regulations, court decisions, administrative rulings and the like adopted by, or in effect from time to time within, the 

State of Missouri and the United States of America. 

(iv)  Application means the form you completed to apply for an account and card that contains the information described in Section 1(b). 
(v)        ATM means an automated terminal machine provided by a financial institution or another person at which cards may be used as access devices to obtain 

cash. 

(vi)       Billing cycle means a period of time that might vary in length but is approximately 30 days in duration. The specific period of time is described on each 
statement. However, you will have a billing cycle even if we are not required by applicable law to make a statement available to you. We will often specify a 
billing cycle by the month in which its closing date occurs as provided on the statement. For example, a “March billing cycle” will have a closing date in 
March. If we charge off your account balance, we may switch to quarterly billing cycles. 
Business day means any day in which our offices are open for the processing of payments and transactions. 

(vii) 
(viii)     Card  means  each  AB  credit  card  associated  with  your  account,  and  includes  all  renewals  and  substitutions  of  the  initial  card  issued  to  you.  Card  also 

means your account number, which you may use to initiate transactions without presenting the card itself. 

(ix)       Cash  advance  means  using  the  card  to obtain  cash  or  things  we  consider cash  equivalents.  Cash  equivalents  include  wire  transfers,  travelers’  checks, 

money orders, foreign currency, lottery tickets, gaming chips, and wagers. 
Credit limit means the maximum outstanding indebtedness you may incur by use of the card, as disclosed to you in the related documents. 

(x) 
(xi)       Customer means a person who has an existing checking account that is open and in good standing at AB prior to the first use of the card and at all 

times while the account is open. 
Cutoff time means 5:00 p.m. Central Time, Monday through Friday. 

(xii) 
(xiii)          Disclosure  Statement  means  the  document  titled  “Secured  Credit  Card  Account-Opening  Disclosures”  that  you  received  when  you  submitted  your 

application. 

(xiv)  Due date means the date shown on each statement by which we must receive at least a minimum payment before a late payment fee is imposed. 
(xv)  Excess funds means the amount of funds remaining after application of the net savings account funds to the then-outstanding indebtedness. 
(xvi)  Fees means charges imposed on your account that are not included in the calculation of the Annual Percentage Rate. 
(xvii)    Indebtedness means all amounts you owe us under this Agreement including, without limitation, all transactions charged to, and not thereafter reversed 

from, your account. 

(xviii)   Index has the meaning set forth in the Disclosure Statement. 
(xix)     Interest charges means any charges to your account based on the application of the Annual Percentage Rate to the account balance as set forth in the related 

documents. 

(xx)      Item means a check, draft, money order, or other negotiable instrument (including images of these instruments) you use to make payments on the 

indebtedness. 

(xxi)     Merchants are sellers of goods and/or services who have agreed with a network to accept cards in payment of the purchase price of the goods and/or 

services they sell. 

(xxii)    Minimum payment means the amount so specified in each statement, calculated as set forth in the Disclosure Statement. 
(xxiii)   New Balance   is the figure that represents the new amount that is owed beginning with the previous balance, all payments and credit that have been 
made during the previous 30 day period are subtracted and all purchases, adjustments, cash advances, transfers, finance charges and other applicable 
fees that were posted to the account. (The New Balance will become the previous balance on your forthcoming statement.) 

(xxiv)   Network means Visa Inc., Mastercard International Incorporated, or any other network provider displayed on the card. 
(xxv)    Person means a human being, a trust, or a legal entity other than you, or us, as the context requires. 
(xxvi)   PIN means the personal identification number we will give you that allows us to authenticate transactions initiated at ATMs or POSs. 
(xxvii)  POS means a point-of-sale device at which cards may be used to (A) pay for purchases, and/or (B) obtain cash. 
(xxviii)  Purchases means those transactions in which you acquire goods and services from merchants from time to time by using the card. 
(xxix)      Related  documents  means  the  following  documents:  the  correspondence  we  send  you  confirming  that  your  application  has  been  approved;  (A)  the 
correspondence we send you confirming that your application has been approved; (B) the Disclosure Statement; (C) the most-current version of the card 
benefits brochure, which describes benefits provided by the network for the card and your account. 

(xxx)    Savings account funds means the collected balance in the savings account (together with all accrued and payable interest thereon). 
(xxxi)   Savings account means the Credit Builder Savings account opened with to serve as the pledged collateral. 
(xxxii)   Statement means a document or information we make available to you showing account information including, among other things: (A) transactions made 

to your account during a billing cycle, (B) the minimum payment, and (C) other information required by applicable law. 

(xxxiii)  Transaction means each transfer, purchase, and cash advance. 
(xxxiv)  Transfers means balances transferred from other accounts to the account. 

© Academy Bank, N.A.  
All rights reserved.  
Published as of 03-16-2019 

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