E-Sign Consent Agreement

Updated: September 7th, 2020

This E-Sign Consent constitutes your consent to receive disclosures and other information in electronic form. In connection with Purple and The Bancorp Bank, Member FDIC, are required by law to provide you with certain disclosures. Without your consent, Purple and The Bancorp Bank are not permitted to provide those disclosures to you online. If you do not consent to this E-Sign Consent, you should not use Purple.

1. Consumer Consent.

Before using Purple, you will be asked to consent to the Purple Terms of Service by clicking “Continue.” This action constitutes your electronic signature and manifests your consent and agreement to the following terms:

  • Purple and our partner bank may provide disclosures required by law relating to the Services and any other information about your legal rights and duties and your account to you electronically.

  • Purple and our partner bank may send any communications, billing statements, or required disclosures, such as initial and annual privacy notices (together, “Disclosures”) to you electronically via our website or to the email address or mobile telephone number that you have provided to us.

  • Purple and our partner bank may notify you via email when the Disclosures are available. The Disclosures will be available for at least 30 days and will be provided to you in a format that can either be printed or downloaded for your records. Whenever we send you an email or text message regarding the Disclosures, that email or text message will contain instructions regarding how to view the Disclosures.

  • Your electronic signature on agreements and documents has the same effect as if you signed them in ink.

  • This consent applies to any transaction undertaken through the Services in the past, to all future disclosures and communications on your account, to all future transactions in which you use the Services, at any time, to any transaction with us, and to other Disclosures that we provide to you by email.

2. Minimum Requirements.

You understand that, in order to view and/or retain copies of the Disclosures, you may need a computer with an Internet connection (PCs should be running Windows 7 or higher and Internet Explorer 10 or higher, Chrome, or Firefox; Macs should be running OSX and Safari, Chrome, or Firefox); a mobile device (iOS 6.0 or higher devices running Safari or Chrome; Android 4.0 or higher devices running Android Browser or Chrome), a valid email address, a working mobile telephone number that can receive text messages, sufficient storage space to save Disclosures or the capability to print the Disclosures from the device on which you view them.

3. Withdrawing Consent.

You are free to withdraw your consent at any time. If at any time you wish to withdraw your consent, you can send us your request by submitting a request through the ‘contact us’ link at www.bankpurple.com or by emailing hello@bankpurple.com. If you decide to withdraw your consent, the legal effectiveness, validity and/or enforceability of prior electronic Disclosures will not be affected and Purple may close or limit access to your account.

4. Legal Effect.

Your consent to this E-Sign Consent means that Disclosures Purple and our partner bank provide to you electronically shall have the same meaning and effect as if provided in paper form. A text message or email alerting you that Disclosures are available electronically, provided that the Disclosures are made available online shall have the same meaning and effect as if Purple and our partner bank had provided those Disclosures to you in paper form, regardless of whether you actually view those Disclosures, unless you have withdrawn your consent pursuant to Section 3, above, prior to receiving such Disclosures.

5. Miscellaneous.

You agree that Purple may modify or change the methods of disclosure described herein, and that Purple and/or The Bancorp Bank may send you Disclosures in paper form at its option. You can obtain a paper copy of an electronic Disclosure at no charge, provided that such request is made within a reasonable time after we first provided the electronic Disclosure to you. To request a paper copy of a Disclosure, email Customer Support at hello@bankpurple.com.

Purple Bank Logo

© 2020 Purple Financial, LLC. All rights reserved.

Deposits are FDIC insured up to $250,000 through The Bancorp Bank, Member FDIC.

Banking and Debit Card services provided by The Bancorp Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Program Management services provided by Galileo Financial Technologies, LLC.

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram