Secured Account
is a deposit account held at First Electronic Bank, Member FDIC and its successors and assigns (collectively, “FEB,” “we,” “us,” or “our”), and is used to secure obligations on the secured charge card account (“Card Account”) associated with your Imprint Account. The terms “you,” “your,” and “yours” mean you and any other person who is contractually liable under the agreement governing the Card Account (“Cardholder Agreement”). The Imprint Account is serviced by Imprint Payments, Inc. (“Imprint”) on behalf of FEB, and any FEB rights, responsibilities or obligations under this Secured Account Agreement may be performed or otherwise delegated to Imprint on FEB’s behalf. This Secured Account Agreement supplements the Cardholder Agreement. Other terms of the Cardholder Agreement apply to this Secured Account Agreement, including the Arbitration Provision of the Cardholder Agreement which shall govern all disputes arising from this Secured Account Agreement. The terms of this Secured Account Agreement shall survive and continue to apply to the Secured Account following closure of the Card Account or the Secured Account, and shall be binding on you even if you cancel your Card Account or do not accept the Cardholder Agreement. You agree that this Secured Account Agreement, including the security interest provisions, forms a binding contract and makes up the entire agreement between you and FEB regarding the handling of the Secured Account and any Secured Funds. This Secured Account Agreement applies to the Secured Account maintained at FEB, as well as all substitutions and replacements thereof, that has been assigned or pledged by you as security for your Card Account. By using or permitting others to use your Card Account and Card, you are agreeing to be bound by the terms of this Secured Account Agreement. In consideration of the issuance of your Card Account, you authorize FEB to open the Secured Account in your name. If you don’t make the required payments on your Card Account, we will use the Secured Funds in your Secured Account to satisfy the outstanding amounts due on your Card Account.
