Terms of Service

Last updated: February 2025

Welcome to DepositHive. These Terms of Service ("Terms") govern your access to and use of the DepositHive platform, website, and related services (collectively, the "Services") provided by DepositHive, Inc. ("DepositHive," "we," "us," or "our"). By accessing or using our Services, you agree to be bound by these Terms.

1. Eligibility

You must be at least 18 years of age and have the legal authority to enter into binding contracts to use our Services. If you are using the Services on behalf of a business or organization, you represent that you have the authority to bind that entity to these Terms.

2. Description of Services

DepositHive provides a deposit management platform that enables property managers and landlords to hold tenant security deposits in FDIC-insured accounts at partner institutions (including E-Trade and Fidelity) and earn returns tied to U.S. Treasury yields. Our Services include:

3. Account Registration and Security

To use certain features, you must register for an account and provide accurate, current information. You are responsible for maintaining the confidentiality of your login credentials and for all activity that occurs under your account.

4. Use of Services

You agree to use the Services only for lawful purposes and in compliance with these Terms and all applicable laws, including state and local regulations governing security deposits. You agree not to:

5. Fees and Payment

DepositHive offers free deposit management for qualifying accounts. Enterprise and custom pricing may apply for certain tiers. Any applicable fees will be disclosed prior to enrollment. Returns earned on deposits are subject to change based on market conditions.

6. Returns and Yield Disclosure

Returns are tied to U.S. Treasury yields and may fluctuate. The annual percentage yield (APY) of 2% for residential and 2.25% for commercial properties is subject to change. Past performance does not guarantee future results. See our Legal Disclosures for more information.

7. Termination

We may suspend or terminate your access to the Services at any time for any reason, including breach of these Terms. You may terminate your account at any time by contacting us. Upon termination, you remain responsible for any obligations incurred prior to termination, including returning tenant deposits.

8. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, DEPOSITHIVE SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY. OUR TOTAL LIABILITY SHALL NOT EXCEED THE AMOUNT OF FEES PAID BY YOU IN THE TWELVE MONTHS PRECEDING THE CLAIM.

9. Disclaimer of Warranties

The Services are provided "AS IS" and "AS AVAILABLE" without warranties of any kind, either express or implied. We do not warrant that the Services will be uninterrupted, error-free, or free of viruses.

10. Indemnification

You agree to indemnify and hold harmless DepositHive, its officers, directors, employees, and agents from any claims, damages, losses, or expenses arising from your use of the Services or violation of these Terms.

11. Governing Law

These Terms shall be governed by the laws of the State of Delaware, without regard to conflict of law principles. Any disputes shall be resolved in the state or federal courts located in Delaware.

12. Changes to Terms

We may modify these Terms at any time. We will notify you of material changes by posting the updated Terms on our website or by email. Your continued use of the Services after such changes constitutes acceptance of the modified Terms.

13. Contact

For questions about these Terms, contact us at [email protected] or [email protected].