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NOTICE OF CHANGE IN TERMS TO THE MYBAMBU DEPOSIT ACCOUNT AND CARDHOLDER AGREEMENT (“NOTICE”)

Thank you for being a valued MyBambu customer. This Notice highlights important changes to the terms of your MyBambu Deposit Account and Cardholder Agreement to be effective on April 25, 2025 as provided below.

Capitalized terms have the meanings provided in the MyBambu Deposit Account and Cardholder Agreement (“Agreement”).

Please review this Notice carefully.  If you have questions about this Notice:

  • Email us at [email protected]
  • Call us at (833) 882-2628; or
  • Write to us at our new address at P.O. Box 171 West Palm Beach, FL 33402

You can review the updated Agreement by visiting mybambu.com, clicking on the Terms and Conditions link located at the bottom of the homepage and selecting the MyBambu Deposit Account and Cardholder Agreement (located under “CFSB’s DDA”) or opening the MyBambu App and clicking Terms and Conditions under Profile.

CHANGES TO YOUR AGREEMENT

The changes to the Agreement are summarized below.  Please refer to the Agreement for the complete terms.

a. Current Fee Structure for Bambu Pay spend money/withdrawals (currently effective):

i. No fee for up to two (2) transactions per calendar month of $500 or less.

ii. A fee of 0.50% of the transaction amount applies to any transaction beyond the first two (2) in a month, or if either of the first two transactions exceeds $500.

b. New Fee Structure (effective April 25, 2025):

i. A flat fee of 0.50% of the transaction amount will apply to all Bambu Pay spend money/withdrawals regardless of amount or frequency.

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MyBambu is not a bank. The MyBambu deposit account and MyBambu Visa® Debit Card are issued by Community Federal Savings Bank, Member FDIC. Not all financial services available through MyBambu are offered by Community Federal Savings Bank, refer to each service’s agreement and/or terms and conditions for further information.

BY USING THIS CARD, YOU AGREE TO THE TERMS AND CONDITIONS OF THE MYBAMBU DEPOSIT ACCOUNT AND CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. The MyBambu Visa® Debit Card is issued by Community Federal Savings Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. This card can be used everywhere Visa® debit cards are accepted.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT — To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

1. Register and open a MyBambu account using your country’s official ID; we do not verify your immigration status.

2. No monthly Fee, No Overdrafts, No minimum Balance. An inactivity fee may apply after 12 months.

3. Extra fees, such as, transfer fees, intermediary bank or foreign exchange charges, may apply.

4. Offer valid only when your referred friend opens a new MyBambu account and is verified.

5. Visa’s Zero Liability Policy does not apply to certain commercial card and anonymous prepaid card transactions or transactions not processed by Visa. Cardholders must use care in protecting their card and notify their issuing financial institution immediately of any unauthorized use. Contact your issuer for more details. https://usa.visa.com/pay-with-visa/visa-chip-technology-consumers/zero-liability-policy.html

6. International money transfers are not offered by Community Federal Savings Bank. From time to time, MyBambu may offer promotions related to the use of this service. Extra fees, such as, transfer fees, intermediary bank or foreign exchange charges, may apply. Regular fees will apply as per MyBambu’s fee schedule at the conclusion of any promotion. MyBambu reserves the right to change or end any promotion at any time.

7. Card funds will be held at or transferred to Community Federal Savings Bank, Member FDIC. While there, card funds are insured up to $250,000 by the FDIC in the event Community Federal Savings Bank fails if specific deposit insurance requirements are met. FDIC insurance does not apply to non-bank deposit products.

MyBambu© 2025. All other product names, logos, brands, trademarks, and registered trademarks are property of their respective owners. All company, product, and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.

FOR CUSTOMER SERVICE CALL MyBambu at 1-833-882-2628

P.O BOX 3811 West Palm Beach Fl 33402.