Terms of Service
Please read these terms carefully before using Summit Savings services.
Last updated: December 1, 2024
Agreement to Terms
By accessing and using Summit Savings services, you accept and agree to be bound by these Terms of Service. These terms govern your use of our banking services, cryptocurrency trading platform, and related financial services.
Account Terms
Eligibility Requirements
- You must be at least 18 years old to open an account
- You must provide accurate and complete information
- You are responsible for maintaining account security
- You must comply with all applicable laws and regulations
Account Responsibilities
- Maintain sufficient funds for transactions and fees
- Notify us immediately of unauthorized transactions
- Keep your contact information current
- Use strong passwords and enable two-factor authentication
Banking Services
Deposit Services
- All deposits are FDIC insured up to applicable limits
- Deposits may be held for verification purposes
- Interest rates are subject to change without notice
Transaction Processing
- Daily withdrawal limits may apply
- Large transactions may require additional verification
- Processing times vary by transaction type
Cryptocurrency Services
Trading Services
- Cryptocurrency prices are highly volatile
- Trading involves significant risk of loss
- All trades are final and cannot be reversed
- Transaction fees apply to all crypto transactions
Security Features
- Cold storage security for long-term holdings
- Multi-signature protection on all wallets
- Private keys secured in our infrastructure
Fees and Charges
We maintain transparent pricing for all services. Current fee schedules are available on our website and may be updated from time to time with advance notice.
- Account maintenance fees may apply
- Transaction fees for wire transfers
- Cryptocurrency trading fees based on volume
- Overdraft and insufficient funds fees
Important Risk Disclosures
FDIC Insurance: Your deposits are insured by the Federal Deposit Insurance Corporation up to $250,000 per depositor, per insured bank.
Cryptocurrency Risk: Cryptocurrencies are not FDIC insured and involve significant risk. Values can be extremely volatile and you may lose your entire investment.
Investment Products: Investment products are not deposits, not FDIC insured, and may lose value.
Limitation of Liability
Summit Savings shall not be liable for any indirect, incidental, special, or consequential damages arising from your use of our services, except as required by applicable law.
Account Termination
Either party may terminate these terms at any time. Upon termination, you remain liable for all outstanding obligations, and we will process the return of your funds according to applicable regulations.
Governing Law
These Terms of Service are governed by and construed in accordance with applicable federal and state laws. Any disputes will be resolved through binding arbitration.
Questions About These Terms?
If you have questions about these Terms of Service, please contact our legal department:
Email: legal@summitsavings.cc
Or visit our Contact page for additional support options.