New customer offer for +0.30% APY boost

Take advantage of our limited time offer.
We’ll boost your APY² by +0.30% through December 31, 2023.

Terms and Conditions

Offer is only available to to prospective first-time Mayfair clients who are eligible to open a business checking account with Third Coast Bank SSB through Mayfair and have never opened or held such an account through at Third Coast Bank SSB through Mayfair before.

To qualify for an APY boost on your funds, you must fulfill the offer by clicking on the “Book a meeting” link on the Mayfair website, opening a checking account with Third Coast Bank SSB through Mayfair, completing a wire transfer deposit of at least $250,000 into the account within 14 days of account opening (a “qualifying deposit”), agreeing to Mayfair's use of your company's name and logo on marketing collateral, agreeing to provide a customer testimonial, and agreeing to abide by our standard Terms and Conditions.

If you fulfill the offer terms above, the APY² on your account will be increased by +0.30% on top of the standard rate applicable at that time as provided in our rate sheet (cumulatively the “promotional rate”) from the date of your account opening through December 31, 2023 (the “promotional period”). Please note that the APY² is variable and subject to change, including the promotional rate. At the end of the promotional period, your interest rate will return to the standard rate applicable as outlined in the rate sheet available at that time. This promotion is not valid with any other offers, and it is non-transferable.

Mayfair reserves the right to terminate this offer at any time without notice, to limit account bonuses you are eligible to receive, and to refuse or recover any promotion award if Mayfair determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any of our or our bank partners’ terms have been violated.

Mayfair Finance, Inc. (“Mayfair”) is a financial technology company, not a depository institution, bank, or credit union. Banking services provided by Third Coast Bank SSB (NASDAQ: TCBX), Member FDIC. By opening a Third Coast Bank SSB account through Mayfair, your funds are held in a checking account at Third Coast Bank SSB offering up to the current standard maximum FDIC insurance of $250,000.

¹ Mayfair is not a FDIC-insured depository institution and FDIC insurance only applies to the failure of the bank where your account is maintained. Customers who wish to opt into the Enhanced Deposit Protection Program must choose an account provided by Third Coast Bank SSB, and will have their funds placed into deposit accounts across a network of FDIC-insured banks for up to the current standard maximum deposit insurance of $250,000 per eligible depositor, per receiving bank, for each ownership capacity or category, including any other balances you may hold at that receiving bank directly or indirectly through other intermediaries, including broker-dealers. Third Coast Bank SSB uses a third-party vendor and agent to help administer this deposit placement process. View the Participating Institution List for a list of the banks and savings associations with which Mayfair and Third Coast Bank SSB have a business relationship for the placement of deposits at receiving banks, and into which your deposits may be placed, subject to the Terms of Service and any opt-outs by Third Coast Bank SSB or you. The maximum amount of possible FDIC insurance on your funds through your account is $50 million (per depositor per ownership category), subject to change at any time pursuant to applicable law. Terms and restrictions apply.

² Annual percentage yield (APY) on your Third Coast Bank SSB account is 4.72% effective as of Jul 27, 2023 and may change at any time, before or after the account is opened. Rates will vary based upon prevailing economic and business conditions.

³ Mayfair also partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust, Member FDIC. By opening a Stripe account through Mayfair, your funds are held at Evolve Bank & Trust and are eligible for pass-through FDIC insurance up to the current standard maximum FDIC insurance of $250,000. Mayfair and Stripe are not themselves FDIC-insured institutions. FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposits and does not protect you against the failure of Mayfair, Stripe Payments Company, or other third party.

⁴ Annual percentage yield (APY) on your Stripe account is 2.00% effective as of Jul 27, 2023 and may change at any time, before or after the account is opened. Rates will vary based upon prevailing economic and business conditions.

Mayfair accounts are available only for businesses, and customers may not use the account for personal, family, or household use. Your account and all services provided to you are subject to the Terms of Service and no other representations or warranties, express or implied, are provided to you except as expressly set forth therein.

The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security.

Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Mayfair or its affiliates endorses, sponsors, promotes, and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

By using this website, you understand the information being presented is provided for informational purposes only and agree to our Terms of Service and Privacy Policy. Mayfair relies on information from various sources believed to be reliable, including customers, partners, and third parties, but cannot guarantee the accuracy and completeness of that information.

By submitting my email address, I agree to receive marketing communications from Mayfair. Contact Mayfair by phone at (415) 906-5292 or by email at help@getmayfair.com for any customer service issues.
© 2023 Mayfair Finance, Inc. All rights reserved.