MyPay Carryover Agreement

1. Definitions and General Terms. The terms and conditions under which Stride Bank, N.A. (“Bank”), its authorized representatives, service providers, successors and assigns  (“we,” “us,” and “our”) agree to establish a MyPay revolving line of credit account (the “Account” or “MyPay”) for the borrower (“you” and “your”) are contained in the MyPay Line of Credit Agreement (“MyPay Line of Credit Agreement”) that you sign with this Carryover Agreement. Please read this Carryover Agreement carefully and keep it with your Account records. All capitalized terms used in this Carryover Agreement and not otherwise defined in this Carryover Agreement shall have the meanings set forth in the MyPay Line of Credit Agreement.

2. Carryover Balance.  If you are a member using My Paycheck and have an outstanding balance owed at the time of opening a MyPay line of credit account (a “Carryover Balance”), by this Carryover Agreement you agree that the outstanding My Paycheck balance shall be covered by the terms and conditions of the MyPay Line of Credit Agreement.  Your outstanding My Paycheck balance will be shown on your first MyPay periodic statement as the previous balance, and going forward any amounts of the Carryover Balance that remain outstanding will be combined with any amounts that you owe under your new MyPay Account.

3. Repayment of Your Carryover Balance.  After your MyPay Account is opened, your Carryover Balance is subject to the repayment terms provided in the MyPay Line of Credit Agreement.  In no event will we automatically initiate more than four (4) debits from your Chime Checking Account to settle a single MyPay transaction or your Carryover Balance. Settlement attempts for your Carryover Balance include attempts made to settle prior to the date your MyPay Account was opened, and in no event will any attempts to settle exceed more than four (4) attempts.  

You may also pay all of your outstanding balance at any time without penalty by calling 1-844-244-6363.

4. Integration with MyPay Line of Credit Agreement.  Except as set forth in this Carryover Agreement, the terms and conditions of the MyPay Line of Credit Agreement apply to this Carryover Agreement and shall remain unchanged and shall continue in full force and effect.  In the event of a conflict between the terms and conditions of this Carryover Agreement and the terms and conditions of the MyPay Line of Credit Agreement, the terms and conditions of this Carryover Agreement shall control.

By signing this Agreement electronically, you acknowledge that you received, reviewed, understand, and agree to all of the terms and conditions of this Carryover Agreement.