Q: Will I have the ability to write someone a check from a FlipGive banking app?

You will be able to deposit a check into your FlipGive bank account by taking a picture of it, but writing a check to someone else from your FlipGive bank account is not available at launch.

Q: Will the account be able to do e-transfers?
Yes, you will be able to add an account to a team address book and then send or receive money via ACH transfer.

Q: Can we get the FlipGive bank app if we already have a team bank account
Yes you can, however tracking funds across two different accounts defeats the purpose of simplifying your team's finances - if you are interested in using the FlipGive bank app, what we suggest is to:

  • Use the budget app link activity to connect your existing team bank account and pull down all of your transaction histories

  • Transfer all of your remaining funds in your current bank account over to the FlipGive bank app

  • Go back to the budget app and reconnect the FlipGive bank account to get all of your transaction histories

  • Close your existing team bank account and use the FlipGive bank app for your team for the remainder of the season!

By doing this you will have all of your transactions recorded in one place in the budget app and will be able to take advantage of the cashback from the FlipGive bank app moving forward!

Q: Is FlipGive a bank?

FlipGive is not a bank. FlipGive is a fintech company that partners with banks to offer FDIC-insured spending accounts and debit cards for teams.

Q: How is my FlipGive account different from a bank account?

Your FlipGive account is an electronic money account. It's entirely online, so you can instantly create and securely manage your team’s account from anywhere. Plus, you earn cashback on every team expense with a team debit card.

It’s different from a bank account because your money is safeguarded and not covered by the Financial Services Compensation Scheme (FSCS) or another protection scheme that you would get with a bank account, you can’t get an overdraft or loan, and you won’t earn interest.

Q: Where does FlipGive put my money?

Your deposits are held and protected by our Member FDIC partner bank with bank-level security and encryption.

Q: How does the FlipGive bank app work?

The FlipGive bank app helps you keep your team money separate from personal money to ensure there's no commingling of funds. This makes it easier to track team budgets and simplifies accounting. You can update and share financial reports easily, promoting financial transparency and building trust amongst your team. You also get a debit card to centralize spending on team expenses and earn cashback at the same time!

Q: Am I allowed to set up the FlipGive bank app for my team?

Yes, if you’re responsible for collecting fees and covering costs for the team we’ve made it simple for you to sign up - all you need is some personal information and a sample team document to be up and running in minutes!

Q: How can I be sure my FlipGive account is secure?

Your account is secured with the same encryption standards used by major banks and deposits are FDIC Insured through our partner bank.

Q: Are there fees?

Any funds you deposit into your account are available to you and there are no monthly fees to use the FlipGive bank app.

Q: Where is the FlipGive team debit card accepted?

Anywhere! Buy online, in-store or anywhere Mastercard™ is accepted. Withdraw cash at over 55,000 Allpoint ATMs nationwide.

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