Terms of Service


The Short & Sweet Version

When you connect with The Beans,

  • We use data related to your finances to build you a simple plan and to send you support
  • We will send you emails and texts
  • Standard rates apply, and you can change how we communicate and stop messaging at anytime

If you have any questions or need help with your account, contact us at hello@thebeans.io.

Terms of Service (“Terms”)

Welcome to The Beans, an online service owned and operated by The Beans, Inc. (“The Beans,” “we” and “us). Please read on to learn the rules and restrictions that govern your use of our website(s), products, services and applications (the “Services”). If you have any questions, comments, or concerns regarding these terms or the Services, please contact us at help@thebeans.io.

These Terms of Service (the “Terms”) are a binding contract between you and The Beans. You must agree to and accept all of the Terms, or you surrender your right to use the Services. 

Your using the Services in any way means that you agree to all of these Terms, and these Terms will remain in effect while you use the Services. These Terms include the provisions in this document, as well as those in the Privacy Policy.

Standard rates apply, and you can change how we communicate and stop messaging at any time.If you have any questions or need help with your account, contact us at help@thebeans.io.

Information We Collect

We are continually trying to improve our Services, so these Terms may need to change along with the Services. We reserve the right to change the Terms at any time, but if we do, we will bring it to your attention by placing a notice on the thebeans.io website, by sending you an email, and/or by some other means.

If you don’t agree with the new Terms, you are free to reject them; unfortunately, that means you will no longer be able to use the Services. If you use the Services in any way after a change to the Terms is effective, that means you agree to all of the changes.

What about Privacy

The Beans takes the privacy of its users seriously. You can find The Beans’ Privacy Policy, here.

How do I use The Beans?

You may be required to sign up for an account and select a password and username (“Company User ID”). You promise to provide us with accurate, complete, and updated registration information about yourself. You may not select as your Company User ID a name that you don’t have the right to use, or another person’s name with the intent to impersonate that person. You may not transfer your account to anyone else without our prior written permission.

You represent and warrant that you are an individual of legal age to form a binding contract (or if not, you’ve received your parent’s or guardian’s permission to use the Services and gotten your parent or guardian to agree to these Terms on your behalf).

You will only use the Services for your own internal, personal, non-commercial use, and not on behalf of or for the benefit of any third party, and only in a manner that complies with all laws that apply to you. If applicable laws prohibit your use of the Services, then you aren’t authorized to use the Services. We can’t and won’t be responsible for your using the Services in a way that breaks the law.

You will not share your account or password with anyone, and you must protect the security of your account and your password. You’re responsible for any activity associated with your account.

Rights you grant us

During the registration process, you will be asked to enter your user credentials for your online accounts, such as your bank, credit card issuer, or investment account (“User Credentials”). Your credentials are used to provide us access to review financial transaction information or other account information for your accounts with these third-party providers (each, a “Third Party Provider” and such account information your “Account Information”). You can read more about how we use and store your information in our Privacy Policy. You at this moment authorize and permit us to use the User Credentials submitted by you to perform the Services.

Connecting with The Beans

In order to use the Services, you must provide and verify your mobile device number or other text message address to us, and you must expressly consent to receive text messages relating to the Services at that number or address. Third-party data and message fees may apply. To verify your mobile device number or text message address, we may send you a code via text message to the mobile device number or text message address you provide, and you must enter that code as instructed by us. If you change your mobile device number or text message address, you must promptly provide and verify your new mobile device number or text message address.In addition we will provide services and send notices via email. You must keep your profile up to date with your correct contact information.

Will The Beans ever change the services?

We’re always trying to improve the Services so they may change over time. We may suspend or discontinue any part of the Services, or we may introduce new features or impose limits on specific features or restrict access to parts or all of the Services. Similarly, we reserve the right to remove any Content from the Services at any time, for any reason (including, but not limited to, if someone alleges you contributed that Content in violation of these Terms), in our sole discretion, and without notice.

Does The Beans cost anything?

It is free to sign up for The Beans. We will notify you before any Services you are then using begin carrying a fee, and if you wish to continue using such Services, you must pay all applicable fees for such Services.

What if I want to cancel my account with The Beans?

You are welcome to cancel your account at any time. Please contact us at help@thebeans.io and with your request to cancel services. Also, please refer to our Privacy Policy, as well as the licenses above, to understand how we treat information you provide to us after you have stopped using our Services.


You agree to indemnify, defend and hold harmless The Beans and our parent, subsidiaries, affiliates, partners, officers, directors, agents, contractors, licensors, service providers, subcontractors, suppliers, interns and employees, harmless from any claim or demand, including reasonable attorneys’ fees, made by any third-party due to or arising out of your breach of these Terms or the documents they incorporate by reference, or your violation of any law or the rights of a third-party.


In the event that any provision of these Terms is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms of Service, such determination shall not affect the validity and enforceability of any other remaining provisions.


The obligations and liabilities of the parties incurred prior to the termination date shall survive the termination of this agreement for all purposes.

These Terms are effective unless and until terminated by either you or us. You may terminate these Terms at any time by notifying us that you no longer wish to use our Services, or when you cease using our site.

If in our sole judgment you fail, or we suspect that you have failed, to comply with any term or provision of these Terms, we also may terminate this agreement at any time without notice and you will remain liable for all amounts due up to and including the date of termination; and/or accordingly may deny you access to our Services (or any part thereof).

Electronic Fund Transfers (EFTs) and Account Balances

The Beans, Inc. partners with financial services software company Moov and banking services provider Veridian Credit Union, NCUSIF Insured, to offer you electronic fund transfers (EFTs). By creating a The Beans, Inc account and initiating bank deposits or withdrawals, you agree to Moov terms of service, https://moov.io/legal/platform-agreement/. You must comply with the Partner Terms when creating or using your The Beans Essential Savings Account. The Partner Terms may be modified from time to time, and the governing versions are incorporated by reference into these Terms of Service. Any term not defined in this section but defined in the Partner Terms assumes the meaning as defined in the Partner Terms. IT IS YOUR RESPONSIBILITY TO READ AND UNDERSTAND THE PARTNER TERMS BECAUSE THEY CONTAIN TERMS AND CONDITIONS CONCERNING YOUR THE BEANS, INC ACCOUNT, INCLUDING BUT NOT LIMITED TO LIMITATIONS, REVERSALS, AND ARBITRATION PROVISIONS, AND YOUR RELEVANT RIGHTS AND LIABILITIES.

Entire Agreement

The failure of us to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

These Terms and any policies or operating rules posted by us on this site or in respect to The Service constitutes the entire agreement and understanding between you and us and govern your use of the Service, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of the Terms).

Any ambiguities in the interpretation of these Terms of Service shall not be construed against the drafting party.

Governing Law

These Terms and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of San Francisco, CA, 94103, United States.

Changes to the Terms of Service

You can review the most current version of the Terms at any time at this page.

We reserve the right, at our sole discretion, to update, change or replace any part of these Terms by posting updates and changes to our website. It is your responsibility to check our website periodically for changes. Your continued use of or access to our website or the Service following the posting of any changes to these Terms constitutes acceptance of those changes.


Questions about the Terms of Service should be sent to us at help@thebeans.io.