Approver and Delegated Authority Terms

1. About These Terms

These terms apply to you when you act as an approver: a person who applies for, sets rules on, or approves purchases on a ShapeCard card for someone else (the cardholder). They are in addition to the Cardholder Agreement, the Terms of Use and the Privacy Policy. Words defined in the Cardholder Agreement have the same meaning here.

A cardholder has one approver at a time. You may be an approver for more than one cardholder.

2. Your Authority

When you apply for or manage a card for someone else, you tell us the basis of your authority, and you promise that it is true and current. The bases we accept are:

• I am their parent. You are the parent of a minor cardholder.
• They agree to let me help. The adult cardholder has agreed, in their own words and through their own consent link, to let you help.
• Power of attorney. You hold a power of attorney from the cardholder that covers their financial affairs.
• Legal guardian. A court has appointed you guardian of the cardholder, or you are the legal guardian of a minor.
• Conservator. A court has appointed you conservator of the cardholder’s finances.
• Representative payee. The Social Security Administration or another agency has appointed you representative payee for the cardholder’s benefits.

We may ask for a document that shows your authority, such as a power of attorney or a court order, and we may decline or end your approver role if you do not provide it. You must tell us within 30 days if your authority ends, is limited, or is challenged.

3. Cards for Minors

A card for a cardholder aged 13 to 17 is issued on your own account. You are the account holder, we verify your identity as the law requires, and you are responsible for every transaction on the card as if you had made it yourself. The minor is an authorized user.

You consent to our collecting the minor's name, date of birth, and any email address or phone number you choose to give us, only to issue and operate the card and to send the minor the messages you allow. When the minor turns 18 the card stays on your account until it is closed or the cardholder opens an account of their own.

4. Cards for Supervised Adults

An adult cardholder you help keeps their own account and is responsible for it. Before their card is issued, we ask them to confirm, through a link sent to them, that they agree to you acting as their approver. If they do not confirm, the card is not issued.

Where your authority rests on the cardholder's consent alone, they may end it by contacting support. Where it rests on a power of attorney, guardianship, conservatorship or representative payee appointment, it ends when that authority ends.

5. What You Can Do

• Set and change spending rules on the card, such as limits, categories, times and places
• Approve or decline purchases that the rules send to you for review
• See the card’s transactions, balance and alerts
• Add money to the card from a bank account you link, when you are the payer
• Pause the card, and receive notifications about it

If a purchase is sent to you for review and you do not answer in time, it is declined. ShapeCard does not decide for you.

6. Your Responsibilities

You agree that you will:

• Act in the cardholder’s interest and within the limits of your authority
• Follow any duties your authority carries, such as a fiduciary’s duty to keep the cardholder’s money separate and to account for it
• Not use the card yourself, or use your role to move the cardholder’s money to yourself or anyone else without lawful authority
• Keep your login, devices and approval codes secure, and tell us at once if they may be compromised
• Answer review requests in good time, knowing an unanswered request is declined

7. Paying for the Card

If you choose to be the payer, money you add moves from your linked bank account under the Bank Transfer (ACH) Authorization Terms. For a supervised adult's own account, money you add belongs to that account, and you cannot take it back except through a refund the cardholder or the law allows. For a minor's card on your account, the money stays yours.

8. Information We Share With You

To let you act as approver, we show you the card's transactions, rules, balance and alerts. A supervised adult agrees to this when they confirm you as their approver. We handle all of it as the Privacy Policy describes.

9. ShapeCard's Role

ShapeCard takes reasonable steps to check what you tell us about your authority, but we do not give legal advice, we are not a fiduciary for you or the cardholder, and we are not responsible for decisions you make as approver. Disputes between you and the cardholder about the card are between you and the cardholder. ShapeCard is not a party to that dispute.

10. Ending Your Role

You may stop being an approver by contacting support@shapecard.ai. For a minor's card on your account, the card is closed. For a supervised adult, we tell them, and their card stays paused until they confirm how they want to continue. We may end your approver role if you break these terms or if your authority ends.

11. Your Agreement

You accept these terms by checking a box with the statement below. We may change them as the Cardholder Agreement describes.

"I agree to the Approver and Delegated Authority Terms. I confirm that I have the legal authority I described for each person I manage, and that the information I gave about it is true."