To view important disclosures about the Experian Smart Money™ Digital Checking Account & Debit Card, visit experian.com/legal.
The Experian Smart Money™ Debit Card is issued by Community Federal Savings Bank (CFSB), pursuant to a license from Mastercard International. Banking services provided by CFSB, Member FDIC. Experian is a Program Manager, not a bank.
Editorial Policy: The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding any legal issues. Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing. While maintained for your information, archived posts may not reflect current Experian policy.
Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. Some of the offers on this page may not be available through our website.
Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews.
Advertiser Disclosure: The offers that appear on this site are from third party companies ("our partners") from which Experian Consumer Services receives compensation. This compensation may impact how, where, and in what order the products appear on this site. The offers on the site do not represent all available financial services, companies, or products.
*For complete information, see the offer terms and conditions on the issuer or partner's website. Once you click apply you will be directed to the issuer or partner's website where you may review the terms and conditions of the offer before applying. We show a summary, not the full legal terms – and before applying you should understand the full terms of the offer as stated by the issuer or partner itself. While Experian Consumer Services uses reasonable efforts to present the most accurate information, all offer information is presented without warranty.
Experian websites have been designed to support modern, up-to-date internet browsers. Experian does not support Internet Explorer. If you are currently using a non-supported browser your experience may not be optimal, you may experience rendering issues, and you may be exposed to potential security risks. It is recommended that you upgrade to the most recent browser version.
© 2023 All rights reserved. Experian. Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian and its affiliates. The use of any other trade name, copyright, or trademark is for identification and reference purposes only and does not imply any association with the copyright or trademark holder of their product or brand. Other product and company names mentioned herein are the property of their respective owners. Licenses and Disclosures.
I have a background in finance and a keen interest in banking products, particularly in the realm of digital financial services. The Experian Smart Money™ Digital Checking Account & Debit Card is an intriguing innovation in the financial landscape. Here's a breakdown of the concepts and terms mentioned in the provided article:
-
Experian Smart Money™ Digital Checking Account & Debit Card: This product is a digital checking account and associated debit card offered by Experian. It's designed to provide users with a range of financial services, likely integrating features such as budgeting tools, spending insights, and potentially credit score monitoring.
-
Important Disclosures: Refers to crucial information about the terms, conditions, fees, and any associated legalities regarding the Experian Smart Money™ Digital Checking Account & Debit Card. The disclosures often detail the rights and responsibilities of the users.
-
experian.com/legal: This URL directs users to the legal disclosures and terms of service related to the Experian Smart Money™ Digital Checking Account & Debit Card.
-
Community Federal Savings Bank (CFSB): The bank that issues the Experian Smart Money™ Debit Card, operating under a license from Mastercard International. This bank likely provides the underlying banking services for the account.
-
Mastercard International: The organization that licenses the use of its payment network for the Experian Smart Money™ Debit Card, allowing it to be used at locations that accept Mastercard.
-
Banking Services Provided by CFSB, Member FDIC: Indicates that the banking services associated with the Experian Smart Money™ account are provided by Community Federal Savings Bank, which is a member of the Federal Deposit Insurance Corporation (FDIC). FDIC insurance typically covers deposits up to a certain limit, providing protection to depositors if the bank fails.
-
Experian as a Program Manager: Highlights that Experian is not a bank itself but operates as a program manager for the Smart Money™ program. This suggests that Experian manages the program and might be responsible for features, marketing, or customer support, but not the actual banking services.
-
Editorial Policy: Specifies that the information provided in Ask Experian is for educational purposes only and is not legal advice. It advises consulting a legal professional for specific legal concerns and highlights that Experian policies might change over time.
-
Disclaimer about Posts and Policies: States that archived posts may not reflect current Experian policy and that opinions expressed are solely those of the author, not endorsed by any bank or credit card issuer.
-
Advertiser Disclosure: Highlights that Experian Consumer Services receives compensation from third-party companies for offers featured on its site. This disclosure clarifies that the compensation received may influence how and where products appear on the site.
-
Offer Terms and Conditions: Refers to the specific terms and conditions provided by the issuer or partner's website, emphasizing the importance of reviewing these before applying for any financial product.
These concepts collectively outline the framework, legalities, and entities involved in the Experian Smart Money™ Digital Checking Account & Debit Card, providing users with a comprehensive understanding before engaging with the product.
