Nomad International Account and International Debit Card:
The Nomad Visa debit card (“Nomad Visa Debit Card”) is issued by Community Federal Savings Bank (“Bank”), Member FDIC, under license from Visa U.S.A. Inc. Nomad is a program manager for the Nomad Visa Debit Card, and is solely responsible for providing customer service to you on the Bank’s behalf for the Nomad Visa Debit Card and the associated U.S. demand deposit account.
The Bank, as an FDIC Member, provides you with FDIC insurance coverage for funds in the U.S. demand deposit account, limited to $250,000 per depositor, per ownership category, per insured banking institution. For more information about FDIC insurance, please visit www.FDIC.gov. Your U.S. dollar balances may be sent to and held by the Bank or placed by the Bank at one or more of the other FDIC member and insured depository institutions listed at https://www.cfsb.com/fdic/ (“network banks”). The list of network banks is subject to change from time to time. Your U.S. dollar balances and other deposits you may hold at the Bank are insured up to $250,000 in the aggregate and, similarly, your U.S. dollar balances we place with any of the network banks on your behalf and other deposits you have at that network bank are insured up to $250,000 in the aggregate in the event the bank that holds the deposit fails. Actual insured amounts may be lower or adversely affected based on any balances you separately hold at a network bank.
Investments Account:
Certain investment services in the US are provided by DriveWealth LLC (“DriveWealth”) and Apex Clearing Corporation (“Apex”), members of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”).
The SIPC protects the securities of customers of its members up to US$500,000, including a maximum of US$250,000 in cash. For details, please see www.sipc.org.
Your investments are held in an individual account at DriveWealth or Apex. Check these companies' registrations on FINRA's BrokerCheck tool (www.brokercheck.finra.org).
To learn more about FINRA, click here. Nomad Fintech is also registered with the Securities Exchange Commission (“SEC”) as an Investment Adviser.
To learn more about Nomad Fintech Inc. on the SEC's IAPD, click here.
Currency exchange:
To carry out foreign exchange operations in the app, such as for installment purchases of Nomad Dollars, Nomad acts as a banking correspondent for OURIBANK S.A. BANCO MÚLTIPLO, a financial institution authorized to operate by the Central Bank of Brazil.
This activity is regulated by the Central Bank of Brazil through Resolution No. 4,935/2021 of the National Monetary Council.
Consult our Terms of Use and Terms and FX Agent Terms and Conditions for more information. Access the app at Profile > Legal > Nomad > Nomad Terms of Use and Profile > Legal > Exchange > Ouribank Terms of Service.
For more details, check all of Nomad's legal information at https://www.nomadglobal.com/legal and in the app at Profile > Legal.