The Expensify Corporate Card Program Terms

Last updated: June 5, 2025

As part of the Expensify Service, Members may elect to receive a Card (whether physical or digital) upon the approval of a Corporate Member, along with other related programs provided by Expensify from time to time (the "Corporate Card Program"), which such participation is governed by the Expensify Corporate Card Program Terms herein (the "Corporate Card Program Terms"), and the Card Agreement (the "Card Agreement") with respect to the Business Account Owner and the Bank (as such terms are defined in the Card Agreement). Cards may only be used for a Corporate Member's bona fide business and may not be (a) used for any purpose that is unlawful or prohibited by these Corporate Card Program Terms or the Card Agreement; (b) used for any personal, family, or household use; (c) provided to or used for the benefit of an individual, organization, or country that is blocked or sanctioned by the United States, including those identified on the United States Office of Foreign Asset Control (OFAC); (d) by unaffiliated third parties; or (e) used for any other activities not for the benefit of the Corporate Member. Any capitalized terms not otherwise defined herein shall have the meaning assigned to them in the Expensify Terms of Service.

Definitions

• "Cardholders" means Members who are connected to a Workspace and are authorized by a Corporate Administrator to use a Card on behalf of the Workspace.

• "Card" means any physical, digital or virtual payment card issued by an Issuer and managed through the Corporate Member's Account that access the Cardholder's balance and which may be used only by such Cardholder for business purposes.

• "Card Agreement" means the agreement between Corporate Member, Expensify and the applicable Issuer for use of Cards identified on our Site.

• "Card Networks" means the payment card networks, such as Visa or Mastercard.

• "Charge" means a payment for goods or services made to a merchant that accepts payments on the applicable Card Network.

• "Chargeback" means a dispute that you initiate against a merchant for an unresolved dispute with the merchant or where a Charge is unauthorized.

• "Fines" means all fines, fees, penalties, or other charges imposed by an Issuer or regulatory authority arising from your breach of these Corporate Card Program Terms, the Card Agreement or other agreements you have with Expensify or an Issuer.

• "Issuer" means the bank or financial institution that is a member of the Card Network indicated on Cards and is responsible for issuing the Cards.

• "Third-Party Services" means services and data provided by third parties connected to or provided through the Expensify Service. Third-Party Services include payment processors and applications used to monitor Linked Financial Accounts.

• "Third-Party Service Provider" means an affiliate or other third party that provides other services related or connected to, or provided through the Expensify Service and Corporate Member's Account.

Corporate Administrator

If you are participating in Expensify's Corporate Card Program connected to a Workspace, the Corporate Member must specify at least one Corporate Administrator for the Corporate Member's Account. Corporate Administrators can set or change spending limits for Cardholders; view transactions; run reports and download statements; connect Linked Financial Accounts, Third-Party Services, and other accounts to the Corporate Member's Account; and perform other tasks on the Corporate Member's behalf.

Card Terms

Cards are issued by the Issuer identified on the back of the physical or virtual Cards issued to you, in the Card Agreement, and relevant program materials provided to you. These Corporate Card Program Terms and the Card Agreement govern your use of the Cards. You may only use the Cards if Corporate Member, the applicable Corporate Administrators, and your Cardholders consent to these Corporate Card Program Terms and Corporate Member and the applicable Corporate Administrator consent to the applicable Card Agreement. Expensify may update these Corporate Card Program Terms or the Card Agreement at any time by providing notice to you through the Application or the Site, and your continued use of the Cards constitutes your acceptance of the updated these Corporate Card Program Terms or the Card Agreement (as applicable). Cards are issued by Sutton Bank, pursuant to a license from Visa U.S.A. Inc. and may not be used at all merchants that accept Visa cards.

Linked Financial Accounts and Third-Party Services

We will use Financial Data from Linked Financial Accounts to verify Account balances and Account information, establish spending limits, identify spending patterns and potential fraud, determine spending limits, analyze and report transactions, and provide the Expensify Service to you. You must maintain at least one Linked Financial Account at all times and agree that Expensify may directly debit this Linked Financial Account. You may change Linked Financial Accounts through the Corporate Member's Account.

Spending Limits

Company spending limits are set by and use Financial Data and Personal Data, which may include prior bank statements, available funds and spending patterns, nature and history of a Corporate Member's business, and anticipated use of Cards. We will not disclose how spending limits are determined. Spending limits are dynamic and may be modified at any time with or without notice to you, including temporary increases or decreases to your spending limits or reducing spending limits to $0. Corporate Administrators may set Cardholder-specific limits or controls through the Corporate Member's Account, but the aggregate spending limit for all Cardholders may not exceed the total spending limit established for the Company.

Requesting and Replacing Cards

Corporate Administrators may request Cards for Members through the Corporate Member's Account, but will only request Cards for and provide Cards to individuals that are employees or affiliated with or authorized by the Company. At the time the Corporate Administer approves a non-zero spending limit for a Cardholder, the Cardholder's Card will be immediately available virtually. Following such approval, we will issue the Cardholder a physical Card to the personal mailing address on file if available, or the business address otherwise on file. Cards may be denied or canceled due to changes in Issuer's policies, as required by law, or for other reasons we determine are appropriate under the circumstances. You will promptly notify us and take appropriate measures to prevent unauthorized transactions when a Card is lost, stolen, breached, or needs to be replaced. In such cases, Corporate Administrators may request the issuance of replacement Cards by Issuers through the Corporate Member's Account. Replacement Cards may have new account numbers that will require a Corporate Member or Member to update the Card on file for any scheduled or recurring payments. If you do not update the Card for scheduled or recurring payments, the transactions may not be completed. You are solely responsible for updating Cards stored with merchants where account numbers have been changed.

Using Cards

Cardholders may only use Cards for bona fide business-related Charges. The Corporate Administrator is responsible for selecting who in the Corporate Member's organization should have access to Cards. The Corporate Administrator agrees to establish and maintain controls designed to ensure that the Cards are only used for bona fide Corporate Member purposes and in compliance with Card Network rules. You are solely responsible for Charges made by any individuals given access to Cards even if they are not the person associated with or named on the Card. Expensify, Issuers, Card Networks, or other intermediary Third-Party Service Providers (including merchant acquirers) may deny or reverse Charges for any reason. Expensify is not responsible for any losses, damages, or harm caused by a Charges that are denied or reversed.

If you and a merchant have a dispute regarding a Charge, including delivery of the incorrect goods or services or being charged the wrong amount, you should first attempt to resolve the dispute with the merchant. If such a dispute is not resolved to your satisfaction or if you believe the Charge is unauthorized, you may initiate a Chargeback by contacting Concierge. The Card Networks have established procedures for resolving Chargebacks that may require that you provide details of the disputed Charge or associated documentation. Chargebacks resolved in your favor will be credited to your Account.

Payment

You are responsible for payment in full of all Charges, Fees, and Fines. Your Linked Financial Account will be automatically debited for the full amount of such Charges, Fees, and Fines on a daily basis, or on your monthly billing statement date ("Monthly Settlement"), to the extent that you are eligible for and elect to participate in monthly settlement by opting in via the "inbox" or "domain settings" for your domain until such a time you opt out of monthly settlement or become ineligible. If you do not pay any such charges, fees, and fines by the required due date, then your Card may be suspended or terminated, and you will be ineligible for Monthly Settlement.

Monthly Settlement

As a new Cardholder or a Cardholder not currently enrolled in Monthly Settlement, you must fulfill the following in order to be eligible to opt-in to Monthly Settlement: (i) your Linked Financial Account must have a positive balance for ninety (90) days and (ii) acknowledge and agree that Expensify will monitor and store your Linked Financial Account Balances on a rolling ninety (90) day basis to confirm your eligibility for Monthly Settlement (the "Eligibility Date"). If you are currently enrolled in Monthly Settlement and your Linked Financial Account is determined to have had a negative balance at any point in the prior ninety (90) day period, you will receive notice from Concierge that you have been unenrolled in Monthly Settlement until your Linked Financial Account balance has ninety (90) days of positive balances (the "Renewed Eligibility Date"). Upon reaching the Eligibility Date or Renewed Eligibility Date, you may visit your account settings to opt-in to Monthly Settlement.

ACH Authorization

THIS SECTION PROVIDES AUTHORIZATION TO AUTOMATICALLY DEBIT YOUR LINKED FINANCIAL ACCOUNTS FOR ALL AMOUNTS YOU OWE UNDER THIS PLATFORM AGREEMENT. PLEASE READ IT THOROUGHLY. For more information and to review the Agreement for ACH Services, visit Expensify's ACH Terms.

Your Authorization to Debit Linked Financial Accounts

You authorize Expensify, Issuers, or their assigns to collect amounts owed under these Corporate Card Program Terms by debiting funds from the Linked Financial Accounts at depository institutions (including banks and credit unions) using the Automated Clearing House (ACH) network governed by the rules established by the National Automated Clearing House Association (NACHA). These debits are bound by NACHA rules for business-related ACH debits.

Manner and Timing of Payment

Unless you are eligible and elect to enroll in Monthly Settlement, we will debit Linked Financial Accounts for all amounts owed to us under this Agreement on a daily basis, as applicable. If you are eligible and enrolled in Monthly Settlement, we will debit Linked Financial Accounts for all amounts owed to us under this Agreement at the end of each month. If we cannot collect these amounts via ACH, you agree to immediately pay all amounts owed as directed. You also authorize Expensify, Issuers, or their assigns to debit Linked Financial Accounts immediately, on any date, and without additional notice where (a) the total aggregate balance of Linked Financial Accounts is less than any balance minimums that we have communicated to you or (b) we determine in our sole discretion that the Corporate Member poses or may pose an unacceptable risk to Expensify, Issuers, or third parties or no longer satisfy the underwriting criteria used to establish the spending limit for Corporate Member. You also authorize Expensify to un-enroll you from Monthly Settlement if you are no longer eligible to be enrolled.

Withdrawing Your Authorization

To withdraw the debit authorization from a Linked Financial Account, you must provide us 30-days' advanced notice and pay all amounts owed under your Account immediately. Withdrawal of a debit authorization does not terminate these Corporate Card Program Terms or your obligation to pay all amounts owed under these Corporate Card Program Terms or the Card Agreement. You will be responsible for all costs of collections and damages under these Corporate Card Program Terms if amounts owed are not paid by you as described in these Corporate Card Program Terms.

Dispute Resolution

In addition to the dispute resolution provisions set forth in the global Terms of Service, you further agree that for any disputes arising under the Expensify Corporate Card Program Terms, any party may seek provisional remedies in aid of arbitration from a court or other tribunal of appropriate jurisdiction, including without limitation, by invoking Emergency Relief Procedures pursuant to Rule 2(c) of the JAMS Comprehensive Arbitration Rules and Procedures, or by seeking expedited relief in court.