Enab Wallet Terms

Effective date: August 30, 2026

Last updated: August 30, 2026

These Wallet Terms govern the Enab Wallet feature within Enab OS and supplement the general Terms of Service.

1. Important: Enab Wallet is not a bank account

Enab Wallet is not a bank account, deposit account, or savings account. Enab LLC is not a bank. Funds are not FDIC insured. Balance does not earn interest. Enab Wallet is a stored-value ledger feature, not a regulated banking product.

2. What Enab Wallet lets you do

Top up via linked card/bank (processed by Stripe); send balance to other Enab OS accounts for goods/services/business transactions at no transfer fee; view balance/history; withdraw to a bank account/card verified as belonging to you, subject to identity verification.

3. What Enab Wallet does not currently support

No informal personal peer-to-peer transfers unrelated to goods/services/business transactions; no withdrawal to an account/card not belonging to the initiating user; not a line of credit.

4. Identity verification

Required for top-up/withdrawal per applicable law; transactions may be limited/delayed/declined pending verification.

5. Fees

Wallet-to-wallet transfers free. Top-up/withdrawal may carry processor fees, disclosed before completion.

6. Prohibited uses

No money transmission on behalf of third parties; no activity requiring an unheld money transmitter license; no illegal transactions.

7. Account holds and limits

We may hold/limit/decline transactions for legal compliance, fraud prevention, or risk management, and set balance/transaction/velocity limits.

8. Changes to wallet functionality

Functionality may expand/change as compliance framework evolves; terms will be updated accordingly.

9. Contact

Enab LLC, info@enab.llc

IMPORTANT: This document is a starting template only and has NOT been reviewed by an attorney. Money transmission is regulated at the state level in the US; operating unlicensed money transmission can carry serious civil and criminal penalties. This should be reviewed by a fintech-experienced attorney before publishing, and re-reviewed whenever wallet functionality changes.