Banking Partner Disclosures
Effective Date: June 1, 2026
Third-Party Providers
Chek partners with Stripe Payments Company for money transmission services and account services with funds held at Fifth Third Bank N.A., Member FDIC.
Our Services include payment processing and account services facilitated by Stripe and its banking partners. By using our Services, you agree to comply with applicable Stripe terms, service terms, and related policies, which may be updated from time to time.
Card Program Disclosure
Chek Spend Card Visa® Commercial cards are powered by Stripe and issued by Celtic Bank.
Fees
By using Chek, you acknowledge that we may charge platform fees for access to our services. Certain services, including ACH transfers and payment processing, may incur additional fees. Applicable fees are disclosed during onboarding or in your service agreement and may be updated from time to time.
FDIC Insurance Disclosure
Funds associated with account services provided through Stripe Payments Company are held at Fifth Third Bank N.A., Member FDIC. Deposits may be eligible for FDIC pass-through insurance, subject to applicable FDIC requirements and limitations. FDIC insurance coverage is limited to the standard maximum deposit insurance amount per depositor, per insured bank, for each account ownership category.
Compliance with Applicable Laws
By using our Services, you represent and warrant that you comply with all applicable laws and regulations, including those related to payment processing, anti-money laundering, sanctions compliance, and financial services.
Data Sharing with Service Providers
To provide our Services, we may share information with Stripe, Fifth Third Bank N.A., Celtic Bank, and other authorized service providers as necessary to facilitate payment processing, account services, compliance obligations, and fraud prevention. These providers are required to maintain the confidentiality and security of your information in accordance with applicable laws.
Acceptance of Updated Terms
Your continued use of our Services constitutes acceptance of any applicable updates to the terms, conditions, and policies of our service providers and banking partners.
Disclaimer
Chek Financial, Inc. is a technology company and is not a bank. Banking and money transmission services are provided by Stripe Payments Company and its banking partners. Funds associated with account services are held at Fifth Third Bank N.A., Member FDIC. Visa® Commercial cards are powered by Stripe and issued by Celtic Bank.
Start Scaling Your Impact Today
Follow this process to shift to Chek, the secure and efficient way to streamline and manage your resources.
Request a Demo
We'll explore your disbursement process, how much money needs allocating, and how many users spend these funds.
Get Verified
A quick onboarding process and KYB (Know Your Business) and you are registered on the Chek platform.
Scale & Grow
Once verified, you’ll gain access to link accounts, disburse funds, and review real-time data and insights.
Frequently Asked Questions
Chek is a digital payment platform designed specifically for nonprofits. It allows organizations to easily distribute funds through digital cards, track transactions, and gain valuable insights through detailed analytics and reporting.
Chek provides nonprofits with control over spending, eliminates unauthorized spending, enables quick fund transfers, and offers transparent management of funds.
Chek is designed for nonprofit organizations providing financial assistance. It helps improve operations and increase impact.
Chek allows nonprofits to control spending, recover unused funds, track transactions, disburse funds efficiently, improve donor relations, and boost transparency and compliance.
"Chek has been a game changer in our ability to quickly distribute funds to our families, along with giving us controls to ensure money is used specifically to pay for sports registration fees. They continue to support us in our mission. Appreciate everything you all do!" - Michael Price, Executive Director, Every Kid Sports