1. Layup, Inc is a financial technology company, not a bank. By utilizing the services, your beneficial funds may be held at nbkc bank, Member FDIC, in an omnibus custodial account.
2. Layup is only open to legal residents of the United States of America who are 18 years of age or older and not participating while in the states of Arkansas or Georgia.
3. All prizes within Layup are paid by Layup, Inc. Layup, Inc is the only sponsor to the Sweepstakes. The Sweepstakes are not affiliated with nbkc bank, Member FDIC.
4. The maximum redemption of a Prize won by a single Participant during any period of the Sweepstakes (“Maximum Redemption”) is limited to the value of US $5,000 in New York or Florida, and $500 in Rhode Island. Any Maximum Redemption in excess of the value of US $5,000 in New York or Florida, or $500 in Rhode Island will not be paid to the Participant during the period.
5. Any balances you hold with nbkc bank, including but not limited to those balances held in a "Layup Wallet" are added together and are insured up to $250,000 per depositor through nbkc bank, Member FDIC. If you have funds jointly owned, these funds would be separately insured for up to $250,000 for each joint account owner. nbkc bank utilizes a deposit network service, which means that at any given time, all, none, or a portion of the funds in your "Layup Wallet" accounts may be placed into and held beneficially in your name at other depository institutions which are insured by the Federal Deposit Insurance Corporation (FDIC). For a complete list of other depository institutions where funds may be placed, please visit https://www.modernfi.com/nbkcbanklist. Balances moved to network banks are eligible for FDIC insurance once the funds arrive at a network bank. To learn more about pass-through deposit insurance applicable to your account, please see the Account Documentation. Additional information on FDIC insurance can be found at https://www.fdic.gov/resources/deposit-insurance/.