Autopay Authorization

I authorize Neu Money, Inc., doing business as “Neu”, to make automatic payments from my
linked bank account. The payment amount for the recurring monthly payment will vary based on the limit on your credit card. In general, the recurring monthly payment will:

  • Be a minimum of $0.01 and will not exceed a maximum of $200 (for a $200 credit limit card)
  • Be a minimum of $0.01 and will not exceed a maximum of 1$350 – $1,000 (for a $350 – $1,000 credit limit card)

I can cancel these payments before they start processing by signing into my account on the app. I authorize Neu Money, Inc. to debit the following (user to choose one option) on the scheduled payment date:

  • Minimum Due
  • Full Amount Due
  • Custom Amount

I understand that this authorization will remain in effect until I cancel it in writing, and I agree to notify Neu Money, Inc. in writing of any changes in my account information or termination of this authorization at least 15 days prior to the next billing date. If the above noted payment dates fall on a weekend or holiday, I understand that the payments may be executed on the next business day. For ACH debits to my checking/savings account, I understand that because these are electronic transactions, these funds may be withdrawn from my account as soon as the above noted periodic transaction dates. In the case of an ACH Transaction being rejected for Non-Sufficient Funds (NSF), I understand that Neu Money, Inc. may, at its discretion, attempt to process the charge again within 30 days, and agree to an additional $35 charge for each returned NSF which will be initiated as a separate transaction from the authorized recurring payment. I acknowledge that the origination of ACH transactions to my account must comply with the provisions of U.S. law. I certify that I am an authorized user of this bank account and will not dispute these scheduled transactions with my bank; so long as the transactions correspond to the terms indicated in this authorization form.

Important Definitions:

Full Amount Due: Your total balance as of the statement issuance date, which will be indicated on your monthly statement.

Minimum Due: The payment amount required to keep your account in good standing, which is indicated on your monthly statement. This amount may vary according to your “Full Amount Due” each month.

Custom Amount: The amount you elect during Autopay Enrollment to be paid each scheduled payment date. In the event that your selected “Custom Amount” is less than your “Minimum Due” as indicated on your monthly statement, you will need to send us an additional payment for the difference between the two amounts in order to keep your account in good standing.

1The maximum amount of a recurring monthly payment is equivalent to the total card credit limit. Please contact with any questions about setting up a recurring monthly payment.

This is not a deposit product. Neu Card made by Cross River Bank, Member FDIC.