Terms of Service

Effective Date: August 26, 2025

Welcome to MoneyPool. By using our website or app, you agree to these Terms of Service. Please read them carefully.

1. About MoneyPool

MoneyPool is a private, invite-only platform where trusted groups of family and friends pool money weekly. One member of the group receives the full pot each week, and the cycle continues until all members have received their turn.

MoneyPool is currently available to U.S. residents only.

2. Eligibility

  • You must be at least 18 years old and a U.S. resident.
  • You must provide accurate identity information and complete verification (selfie, driver's license, SSN last-4).
  • By joining, you agree to be financially responsible for your own contributions.

3. Referral & Liability

  • All groups are invite-only. You cannot join without a valid referral code from a Group Head.
  • If you invite a new member, you are responsible for 50% of any unpaid contributions if that member defaults.
  • This liability is automatic and part of your consent when joining or creating a group.

4. Contributions & Payouts

  • Each member must pay the required weekly amount before the contribution deadline.
  • Payouts are released to one member per week in rotation, only after all contributions for that week are received.
  • Missed or late contributions may result in penalties or removal from the group.

5. Prohibited Use

You agree not to use MoneyPool for:

  • Fraudulent or unlawful activities.
  • Money laundering, scams, or high-risk activities prohibited by U.S. law.
  • Attempting to bypass identity verification.

6. Disputes

  • MoneyPool provides a structure for group payments but does not guarantee repayment if members default.
  • Disputes should first be resolved within your group.
  • MoneyPool may intervene to enforce liability rules but is not liable for financial losses.

7. Termination

We may suspend or terminate your access if you violate these Terms, provide false information, or engage in fraudulent activity.

8. Limitation of Liability

MoneyPool is not a bank, credit union, or financial institution. We do not hold deposits or guarantee payouts beyond the contributions made by group members. By using MoneyPool, you agree that our liability is limited to the maximum extent permitted by law.