BUFI Spend Card Terms

These Card Terms become effective and legally binding when you activate or create your Card by following the instructions on the BUFI platform. By using a Card you represent and warrant in your individual capacity that: You are not a person who is blocked or sanctioned by the United States Government, including those identified by the United States Office of Foreign Asset Controls (OFAC); You will use the Services exclusively for purposes permitted by these Card Terms; All information you provide to us, either directly or through Partner, is and will be true, correct, and complete; You will not use the BUFI Card for personal, family, or household use; You will only use the BUFI Card in compliance with applicable law; You attest that you are not a United States citizen, and that you are signing up for a card that is intended for those outside of the United States.

You agree to establish and maintain controls designed to ensure that the BUFI Cards are only used by you and your permitted authorized users for bona fide business purposes and in compliance with these Card Terms, any Issuer terms, and applicable law. You are responsible for Charges and transactions made by any person given access to BUFI Cards even if they are not the person associated with or named on the BUFI Card.

The primary purpose of your Account is to facilitate corporate expenses and other corporate purchases. BUFI and Issuer reserve the right to block and terminate transactions and suspend access to your Account, unless prohibited by applicable law, for transactions and activity which presents patterns that do not conform with business purposes. You acknowledge and agree that you have read and understood the BUFI prohibited activities list available at https://desk.bu.finance/faq/prohibited-countries and that you will not engage in any such activities when using the Services or the BUFI Card.

Prohibited uses include: Cash advances or ATM withdrawals; Cryptocurrency ATM transactions; Gambling services; Personal or self-payments; Attempts to circumvent spending controls; Any expense which is not a business expense incurred by you; Any purpose prohibited by these Card Terms; For, with, or for the benefit of any individual or entity who is blocked or sanctioned by the United States, including those identified by OFAC.

If you make a transaction using your Account in a foreign currency (including, for example, online purchases from a merchant located outside of the U.S.), the credit card association will convert any transaction in foreign currency into U.S. dollars using an exchange rate for the applicable central processing date. Foreign Exchange Fee (non USD): up to 3%. Cross Border Fee: up to 3%. Penalty Fees: Late payment: Up to $40. Returned payment: Up to $29. Liquidation penalty: Up to $35.

Transactions are monitored under international AML, sanctions, and fraud prevention rules. Activity may be reviewed, delayed, or blocked. BUFI, Issuers, Card Networks, or other intermediary third-party service providers (including merchant acquirers) may deny or reverse Charges for any reason.

BUFI and Issuer are not responsible for FX volatility, issuer restrictions, merchant disputes, or third-party service interruptions. Issuer is not responsible for any losses, damages, or harm caused by any Charges that are denied or reversed.

These Card Terms will be interpreted in accordance with the laws of Puerto Rico without regard to conflict-of-law provisions. Judicial proceedings (other than small claims actions) that are excluded from the Arbitration section must be brought in state or federal court in Puerto Rico. Any dispute arising out of or relating to these Card Terms will be resolved through binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules, on an individual basis only. The arbitration will be held in the English language in New York, New York. Class actions and jury trials are waived to the maximum extent permitted by law.