Terms of Service

These Terms govern your use of MyVault (the "Service"). By creating an account you agree to them.

1. What MyVault does

MyVault lets you create savings goals ("vaults"), deposit money toward them, and keep those funds locked until an unlock date and time you choose. MyVault is a savings tool, not a bank. Deposits do not earn interest and are not FDIC insured.

2. Accounts

You must be at least 18, provide accurate information (including a valid email and mobile number) and keep your password secure. You're responsible for activity on your account.

3. Deposits and locking

Deposits are processed by Stripe. Once deposited, funds stay locked in the vault until its unlock time and cannot be withdrawn early. A vault containing funds can't be deleted before it's withdrawn.

4. Fees

Creating vaults is free. A 1.5% service fee is added to every deposit, automatic deposit and gift, and is shown before you pay. Service fees are non-refundable.

5. Automatic deposits

If you set up automatic deposits, you authorize MyVault (via Stripe) to charge your chosen bank account or card on the schedule you select until you pause or remove it, or the vault unlocks.

6. Withdrawals

After a vault unlocks, its owner can withdraw. Each deposit is returned to the original payment method it was paid with (see our Refund Policy). In shared vaults, each contributor's deposits are returned to that contributor's payment method.

7. Shared vaults and gifts

Members can deposit into shared vaults; only the owner can withdraw or delete. Gifts are voluntary contributions to someone else's vault and are locked like any other deposit.

8. Acceptable use

Don't use MyVault for fraud, money laundering, or anything illegal. We may suspend accounts that violate these Terms.

9. Liability

The Service is provided "as is". To the extent permitted by law, MyVault isn't liable for indirect or consequential losses. Our total liability is limited to the service fees you paid in the 12 months before a claim.

10. Contact

Questions? Email support@myvault.app.