Adding a Financial Commitment Agreement

A financial commitment agreement (or sign-up agreement) is a great way to make sure guardians are agreeing to the terms of your program before securing their spot. By putting a financial commitment agreement in place, you are reminding guardians that a commitment to the group means a financial commitment as well, and asking them to accept your program's payment policies before enrolling in the payment plan.

 

To put a financial agreement in place, you will first add an agreement for your program, then you can enable it on a group-by-group basis. In just a few easy steps, you can have your own agreement in place.

 

Step 1: Set up a custom agreement for your program

The first step is to add the agreement content for your program. 

  1. Navigate to the Settings tab. 
  2. Click Sign Up Agreement
  3. Enable Sign-up Agreements by clicking the button to toggle it to blue.  
  4. Enter an agreement name. (Guardians will see this name.)
  5. Enter agreement content. (You may paste this from a copied source.)
  6. Click Save New Agreement.

 

Step 2: Enable agreement for each group individually

The Sign-up Agreement can be toggled on/off on a group-by-group basis. 

This setting can be accessed from each group's Settings page.

 

 

Step 3: Agreement is presented to guardians during sign-up

Guardians must indicate that they accept the terms of your agreement before they are able to complete the sign-up process.

 

Updating your Financial Commitment Agreement

If you'd like to update your program's agreement, go back to Settings, click Sign-up Agreement, edit your agreement, and click Save

 

 

 

Still have questions or need help? Please reach out to us directly at spend.support@onsnap.com or by phone at 276-531-9260.

 

Snap! Spend is a financial technology company and is not a bank. Banking services provided by Thread Bank; Member FDIC. The Snap! Spend Visa Debit is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa cards are accepted. 

Your deposits qualify for up to a maximum of $2,500,000 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 on the sweep program.