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Draft — Testing Phase Only

Vitez Bank Terms of Use

Draft version 0.1  ·  Last updated July 30, 2026

This product is currently in testing phase. These agreements are subject to change prior to full public launch.

1. Who we are

Vitez Bank is a financial technology product of Vermilion Vitez LLC ("Vitez Bank," "we," "us," "our"). Banking services, including deposit accounts, are provided by Column, N.A., Member FDIC ("Column"), Vitez Bank's chartered bank partner. Vitez Bank is not a bank; we provide the software and interface through which you access banking services that Column actually provides. Funds held in Vitez Bank accounts are FDIC-insured through Column up to applicable limits.

Identity verification services are provided by Plaid Inc. ("Plaid"). Account authentication is provided by Supabase.

2. Eligibility

To open a Vitez Bank account, you must:

3. Account opening and identity verification

Opening a Vitez Bank account requires completing identity verification (document, selfie, and personal information matching) through Plaid before any account is created at Column. For business and trust accounts, every beneficial owner, control person, trustee, or grantor must also complete identity verification. Trust beneficiaries are not currently required to complete identity verification, consistent with Vitez Bank's present account-opening process Illustrative.

4. Your responsibilities

You agree to:

5. Prohibited uses

You may not use Vitez Bank for money laundering or structuring, or to fund illegal activity. Consistent with standard restrictions across most banking-as-a-service programs, the following business/activity categories are also currently restricted Illustrative:

6. Fees

Vitez Bank's current fees are set out in our Regulatory Disclosures page, which is the single source of truth for pricing. As of this draft: no monthly maintenance fee, and no fee for member-to-member transfers Illustrative.

7. Member-to-member transfers

Vitez Bank allows transfers between Vitez Bank members. Transfers are final once completed except as provided in our error-resolution procedure (see Regulatory Disclosures). You are responsible for verifying the recipient's identity/email before sending a transfer.

Illustrative

Because transfers are directed by the information you provide, Vitez Bank is not responsible for a transfer sent to the wrong recipient due to a mistake in the recipient information you entered, though we will assist in good faith with recovery efforts where possible.

8. Account closure and termination

You may close your account at any time by contacting us; any remaining balance will be returned to you via a linked external account or by check, less any amounts owed to us. Illustrative We may suspend or close your account if we reasonably believe it's being used fraudulently, in violation of these terms, or as required by law or by Column, generally with notice where practicable, though we may act immediately without prior notice where we believe delay would create risk. Data associated with a closed account is handled per our Privacy Policy's retention rules.

9. Disclaimer of warranties

Illustrative

Vitez Bank's software and services are provided "as is" and "as available," without warranties of any kind, whether express, implied, or statutory, including any implied warranties of merchantability, fitness for a particular purpose, or non-infringement. We don't warrant that the service will be uninterrupted, error-free, or completely secure. Nothing in this section limits any warranty or protection that applicable law does not allow us to disclaim.

10. Limitation of liability

Illustrative

To the maximum extent permitted by law, Vitez Bank's total liability to you for any claim arising from your use of the service is limited to the greater of (a) the fees you paid Vitez Bank in the 12 months before the claim arose, or (b) $100. This limitation does not apply to liability that can't be limited under applicable law, or to our gross negligence or willful misconduct. Nothing here limits Column's own liability to you as the account-holding bank under applicable banking law and Column's own account agreement.

11. Indemnification

Illustrative

You agree to indemnify and hold Vitez Bank harmless from claims, losses, and expenses (including reasonable attorneys' fees) arising from your violation of these terms, your violation of applicable law, or your fraudulent or unlawful use of the service — except to the extent caused by our own breach of these terms or violation of law.

12. Dispute resolution / arbitration

Illustrative

Illustrative approach shown for completeness: disputes would be resolved through binding individual arbitration rather than in court, except that either party may bring an individual claim in small claims court, and either party may seek injunctive relief in court for misuse of intellectual property or unauthorized access to the service. Class actions and jury trials would be waived. This entire section requires a deliberate decision with counsel before Vitez Bank adopts it — it is not yet Vitez Bank's actual policy.

13. Governing law

These terms are governed by the laws of the State of Delaware, without regard to conflict-of-law principles, except where superseded by federal law applicable to banking services provided through Column.

14. Changes to these terms

We may update these Terms of Use from time to time. Illustrative For material changes, we'll provide at least 30 days' notice through the Electronic Communications Agreement's delivery channels (email or your Vitez Bank dashboard) before the change takes effect, except where a shorter period is required to address a legal or security requirement.

15. Contact

Vermilion Vitez LLC

Email: info@vermilionvitez.com