Effective Date: March 1, 2026 · Monet Holdings, Inc.
This Account Agreement ("Agreement") is a legal contract between you and Monet Holdings, Inc. ("Monet," "we," "our," or "us"), a Delaware C Corporation. By opening a Monet account, you agree to be bound by this Agreement, our Privacy Policy, and all other applicable policies. Card issuance and payment services are provided through Rain Cards, Inc., our licensed financial services partner.
To open a Monet account you must: (a) be at least 18 years of age; (b) be a U.S. citizen or lawful permanent resident with a valid U.S. address; (c) have a valid Social Security Number or Individual Taxpayer Identification Number; (d) not be prohibited from receiving our services under applicable law; and (e) successfully complete our identity verification process as required by the USA PATRIOT Act.
We are required by federal law to verify your identity when you open an account. We collect your name, address, date of birth, and Social Security Number. We may also request a copy of a government-issued photo ID. Identity verification is performed by Rain Cards on behalf of Monet Holdings, Inc. Your SSN and sensitive personal information are transmitted directly to Rain Cards for verification and are never stored on Monet's servers. We may decline to open an account or close an existing account if we are unable to verify your identity.
Your Monet account holds funds denominated in USDC, a digital dollar issued by Circle Internet Financial, LLC. Each USDC token is backed 1:1 by cash and short-duration U.S. Treasury reserves held at regulated financial institutions. When you deposit U.S. dollars into your Monet account, your funds are automatically converted to USDC. When you make a purchase, USDC is converted back to U.S. dollars at a 1:1 rate. You will always see your balance displayed in U.S. dollars. Monet accounts are not bank accounts and are not FDIC insured. See our Fund Safety Disclosure for details.
When your account is approved, you will receive a Monet Visa® Card issued by Rain Cards, Inc. Your virtual card is available immediately upon account approval. Your card is prefunded by your USDC balance and can be used anywhere Visa is accepted. All transactions are settled in U.S. dollars. Your card is subject to the Visa Zero Liability Policy for unauthorized transactions reported promptly.
You may fund your Monet account via ACH transfer or wire transfer from a linked U.S. bank account. Incoming funds are automatically converted to USDC at a 1:1 rate. Peer-to-peer transfers from services such as Cash App, Venmo, or PayPal do not qualify as funding methods. Funding availability may vary depending on transfer method and your bank.
You may withdraw funds from your Monet account to a linked U.S. bank account via ACH transfer. USDC is automatically converted back to U.S. dollars at a 1:1 rate upon withdrawal. Standard ACH withdrawals typically arrive within 1–3 business days.
Monet does not charge monthly maintenance fees, minimum balance fees, or overdraft fees. We do not charge fees for standard ACH transfers or for USDC conversion. Third-party fees may apply for certain services. We are not responsible for fees charged by third parties.
You agree not to use your Monet account for: (a) any illegal activity, including money laundering or financing of terrorism; (b) gambling transactions where prohibited by law; (c) purchasing illegal goods or services; (d) any activity that violates Visa's rules and regulations; or (e) any activity that creates legal exposure for Monet Holdings, Inc. or our partners. Violation of this section may result in immediate account termination and reporting to appropriate authorities.
Either party may close the account at any time. You may close your account by contacting support. We may close your account immediately without notice if we suspect fraud, illegal activity, or a material breach of this Agreement. Upon closure, any remaining USDC balance will be converted to U.S. dollars and returned to you via ACH transfer within a reasonable time, less any amounts owed.
Any dispute arising from this Agreement shall be resolved by binding arbitration administered by the American Arbitration Association under its Consumer Arbitration Rules. You waive your right to a jury trial and to participate in any class action lawsuit. Nothing in this section prevents either party from seeking injunctive relief in a court of competent jurisdiction.
This Agreement is governed by the laws of the State of Delaware, without regard to conflict of law principles, and applicable federal law.
Monet Holdings, Inc.
support@monet.family
Registered Agent: State of Delaware