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Terms of Service

Last Updated: November 9, 2025

Important: These terms form a binding legal agreement. By using EconTeen, you agree to these terms. If you don't agree, please don't use our service.

1. Agreement to Terms

By accessing or using EconTeen ("the Service," "we," "us," or "our"), you agree to be bound by these Terms of Service and our Privacy Policy. If you disagree with any part of these terms, you may not use our service.

2. Description of Service

EconTeen is a financial education and savings motivation platform that:

  • Sends daily text message reminders to save money
  • Tracks your savings progress and streaks
  • Awards raffle entries based on saving activity
  • Conducts monthly prize drawings for active users
  • Provides leaderboards and social features

EconTeen is NOT a bank, financial institution, or investment service. We do not hold, store, or manage your money.

3. Eligibility

To use EconTeen, you must:

  • Be at least 13 years old (parental consent required if under 18)
  • Have a valid US phone number capable of receiving SMS
  • Not be prohibited from using the service by any applicable law
  • Provide accurate and truthful information

By creating an account, you represent that you meet these requirements.

4. Account Rules

4.1 One Account Per Person

Each user may only have ONE account. Multiple accounts are prohibited and will result in immediate disqualification from all prizes and potential account termination.

4.2 Account Security

You are responsible for:

  • Maintaining the confidentiality of your account
  • All activities under your account
  • Notifying us immediately of unauthorized access

4.3 Accurate Information

You must provide accurate, current information. False information may result in account suspension or termination.

5. How It Works

5.1 Daily Text Messages

By signing up, you consent to receive daily text messages asking how much you saved. Standard message and data rates apply. You can opt-out anytime by replying STOP.

5.2 Self-Reported Savings

You self-report your savings. We do not verify amounts. By reporting savings, you certify that:

  • The amount is truthful and accurate
  • You actually set aside or saved the reported amount
  • You will not manipulate the system with false reports

5.3 Earning Entries

You earn raffle entries by:

  • Saving daily (1 entry per save)
  • Maintaining streaks (bonus entries)
  • Referring friends (10 entries per friend)
  • Reaching milestones (variable entries)

6. Prizes & Raffles

6.1 Monthly Drawings

We conduct monthly prize drawings for active users. Winners are selected randomly based on total raffle entries.

6.2 Eligibility for Prizes

To be eligible to win prizes, you must:

  • Have an active account in good standing
  • Be a resident of Georgia (at launch; other states coming soon)
  • Be at least 13 years old
  • Not have violated any terms of service
  • Pass identity verification through Plaid

6.3 Winner Verification

Prize winners must verify their identity through Plaid within 7 days of notification. Failure to verify forfeits the prize.

6.4 Prize Fulfillment

Prizes are typically delivered within 30 days of verification. We are not responsible for delivery delays beyond our control.

6.5 Taxes

Winners are responsible for all taxes. If prize value exceeds $600, we will issue a 1099 form to the IRS.

6.6 No Purchase Necessary

EconTeen is completely free. No purchase is necessary to enter or win.

7. Prohibited Conduct

You agree NOT to:

  • Create multiple accounts
  • Report false or inflated savings amounts
  • Use bots, scripts, or automation
  • Manipulate the leaderboard or raffle system
  • Spam referral links
  • Harass or bully other users
  • Reverse engineer or hack the platform
  • Violate any applicable laws
  • Share your account with others

Violation of these rules will result in immediate account termination and disqualification from all prizes.

8. Intellectual Property

All content on EconTeen (logos, text, graphics, code, design) is owned by EconTeen or our licensors and is protected by copyright and trademark laws.

You may not:

  • Copy, modify, or distribute our content
  • Use our trademarks without permission
  • Create derivative works

9. User Content

When you share content on EconTeen (usernames, profile info, comments), you grant us a non-exclusive, worldwide, royalty-free license to use, display, and distribute that content.

You are responsible for your content and must not post:

  • Illegal or harmful content
  • Offensive or discriminatory content
  • Private information of others
  • Spam or misleading content

10. Service Modifications

We reserve the right to:

  • Modify or discontinue features at any time
  • Change prize structures or amounts
  • Update these terms (with notice)
  • Suspend service for maintenance

We will notify users of material changes.

11. Account Termination

11.1 Your Right to Cancel

You may close your account at any time by contacting support. Upon closure:

  • You forfeit all raffle entries
  • You are removed from active drawings
  • Your data is deleted (except as required by law)

11.2 Our Right to Terminate

We may suspend or terminate your account if you:

  • Violate these terms
  • Engage in fraudulent activity
  • Abuse the platform
  • Pose a security risk

Termination results in forfeiture of all entries and prizes.

12. Disclaimers

THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND.

We disclaim all warranties, including but not limited to:

  • Warranty of merchantability
  • Warranty of fitness for a particular purpose
  • Warranty of non-infringement
  • Warranty of uninterrupted or error-free service

EconTeen is not financial advice. We do not guarantee:

  • That you will save money
  • That you will win prizes
  • Specific financial outcomes

13. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, ECONTEEN SHALL NOT BE LIABLE FOR:

  • Indirect, incidental, or consequential damages
  • Lost profits or revenue
  • Data loss
  • Service interruptions
  • Prize delivery delays
  • Tax liabilities

Our total liability shall not exceed $100 or the value of prizes you've won, whichever is greater.

14. Indemnification

You agree to indemnify and hold harmless EconTeen, its officers, employees, and partners from any claims, damages, or expenses arising from:

  • Your violation of these terms
  • Your use of the service
  • Your violation of any rights of others

15. Dispute Resolution

15.1 Governing Law

These terms are governed by the laws of the State of Georgia, USA.

15.2 Arbitration

Any disputes will be resolved through binding arbitration in Atlanta, Georgia, rather than in court, except:

  • Small claims court disputes
  • Intellectual property disputes

15.3 Class Action Waiver

You waive the right to participate in class action lawsuits. Disputes must be brought individually.

16. Miscellaneous

16.1 Entire Agreement

These terms, along with our Privacy Policy, constitute the entire agreement between you and EconTeen.

16.2 Severability

If any provision is found invalid, the remaining provisions remain in effect.

16.3 No Waiver

Failure to enforce any term does not waive our right to enforce it later.

16.4 Assignment

We may assign these terms to another company. You may not assign your account.

17. Contact Information

For questions about these terms:

  • Email: legal@econteen.com
  • Support: help@econteen.com

Acceptance of Terms

By clicking "Sign Up," creating an account, or using the EconTeen service, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service and our Privacy Policy.