These Terms and Conditions (“Promotion Terms”) govern the Venn Summer 15K Business Interest Boost Promotion (the “Promotion”) offered by Venn Software Inc. (“Venn,” “we,” “us,” or “our”).
The Promotion begins at 12:00 a.m. Eastern Time (“ET”) on July 15, 2026 and ends at 11:59 p.m. ET on October 15, 2026 (the “Funding Window”).
Eligible Businesses are automatically enrolled in the Promotion. No application, registration, enrollment, or opt-in is required.
The Promotion is subject to all applicable federal, provincial, and local laws and regulations and is void where prohibited.
1. Promotion Overview
The Promotion allows Eligible Businesses to earn promotional interest on qualifying incremental Canadian-dollar and United States-dollar balances held in eligible Venn Accounts.
The applicable total annualized promotional interest rates are:
2.75% on qualifying CAD balances;
3.00% on qualifying USD balances; and
Up to 3.50% on qualifying net-new USD balances over $1M USD where Venn has expressly approved and confirmed an enhanced rate through Venn Sales. The Venn customer must speak with the Sales team in order to qualify.
The applicable promotional interest rate applies only to the portion of a Customer’s Eligible Balance that exceeds the Customer’s applicable Baseline Balance and otherwise qualifies under these Promotion Terms. See 2.4 for full details on how your average starting balance is calculated.
CAD and USD balances are calculated and administered separately. A Customer may therefore have different Baseline Balances, Maximum Qualified Amounts, Promo-Eligible Balances, and applicable promotional interest rates for CAD and USD.
There is no stated maximum balance cap on which promotional interest may be earned, subject to these Promotion Terms, applicable law, Venn’s risk and compliance requirements, and any account-specific limits.
Participation in the Promotion does not create a vested right or entitlement to:
future Venn promotions;
continued participation after eligibility is lost;
a promotional rate above 3.00% on USD balances unless expressly approved by Venn Sales; or
promotional interest that has not been validly earned under these Promotion Terms.
2. Definitions
2.1 “Active Business”
“Active Business” means a business on Venn’s platform that:
has completed Venn’s onboarding and verification requirements;
has been approved to use the applicable Venn Services;
maintains an open and active Venn Account; and
is not suspended, restricted, closed, or otherwise ineligible to receive interest.
2.2 “Baseline Balance”
“Baseline Balance” means the amount used to determine the portion of a Customer’s balance that is eligible for the promotional interest boost.
For a Customer whose Venn Account was active on or before June 15, 2026, the Baseline Balance means the average of the Customer’s starting balance on each day from June 15, 2026 through July 14, 2026, inclusive.
The Baseline Balance:
is calculated separately for CAD and USD;
is calculated by adding the Customer’s starting balance for each of the 30 days, (taken between 11:00 p.m. ET of the previous day to 12:00 a.m. ET the day of, at Venn’s discretion), and dividing the total by 30;
is fixed for the Promotion once calculated, subject to corrections for errors, reversals, fraud, or inaccurate account data;
is not reduced because the Customer later withdraws, transfers, spends, or converts funds; and
does not reset during the Funding Window or Promotional Period.
The Baseline Balance is calculated as follows:
Baseline Balance = Total of the 30 daily starting balances ÷ 30
If the Customer did not hold a balance in a particular currency on one or more days during the 30-day period, the starting balance for that currency on those days will be treated as zero.
For a Customer whose Venn Account became active between June 16, 2026 and October 15, 2026, inclusive, the Baseline Balance will be deemed to be zero.
This means that Customers who were active for fewer than 30 days before the Promotion began will not have their balances averaged over a partial period.
Venn may apply a different treatment where necessary to correct an error or prevent misuse, duplication, circumvention, or manipulation of the Promotion.
Admins and Owners will receive an email on or around July 15, 2026 stating the business’s CAD and USD Baseline Balances.
Baseline Balance Examples
Example 1: Changing balance
The Customer holds CAD $50,000 at the start of each of the first 15 days.
The Customer holds CAD $150,000 at the start of each of the following 15 days.
The total of the 30 daily starting balances is CAD $3,000,000.
CAD $3,000,000 divided by 30 days results in a CAD Baseline Balance of $100,000.
Example 2: No USD balance
The Customer holds no USD during the 30-day period.
The daily starting USD balance is treated as zero for each of the 30 days.
The Customer’s USD Baseline Balance is therefore USD $0.
2.3 “Incremental Bonus Balance”
“Incremental Bonus Balance” or “Incremental Balance” means the amount by which the Customer’s eligible settled balance in a particular currency exceeds the Customer’s Baseline Balance for that currency.
The Incremental Balance is the portion of the Customer’s balance that may qualify for the additional promotional interest rate, including:
a total annualized rate of 2.75% on qualifying CAD balances;
a total annualized rate of 3.00% on qualifying USD balances; and
a total annualized rate of more than 3.00% and up to 3.50% on qualifying USD balances where an enhanced rate has been expressly approved by Venn Sales.
The Incremental Balance:
is calculated separately for CAD and USD;
cannot be less than zero;
includes only funds that have landed, settled, and become available in the Account;
does not include pending, initiated, rejected, recalled, reversed, returned, disputed, or cancelled transfers;
does not include funds subject to a hold, lien, reserve, restriction, investigation, or legal process;
does not include balances credited because of an administrative, technical, processing, or calculation error;
does not include unauthorized or fraudulent funds, credit facilities, advances, or borrowed amounts; and
may exclude amounts that are not eligible to earn interest under Venn’s standard interest terms or that Venn determines should be excluded for legal, regulatory, compliance, accounting, security, fraud-prevention, or operational reasons.
The Incremental Balance is calculated as follows:
Incremental “Boost Eligible” Balance = Eligible settled balance − Baseline Balance
Incremental Balance Examples
Example 1: CAD balance above the baseline
The Customer’s CAD Baseline Balance is $100,000 (based on their June 15, 2026 - July 14, 2026 average balance).
On October 15th, 2026, at promo end, Customer’s current eligible settled CAD balance is $250,000.
The Customer’s CAD Incremental Balance is $150,000 ($250,000 - $100,000).
Subject to these Promotion Terms, the $150,000 CAD Incremental Balance is eligible to earn the 2.75% total annualized promotional rate. The remaining $100,000 CAD will earn the base 2%.
Example 2: Separate CAD and USD calculations
The Customer’s CAD Baseline Balance is $100,000 and its current eligible settled CAD balance at promo end (Oct 15th, 2026) is $175,000.
The Customer’s CAD Incremental Promo Eligible Balance is CAD $75,000, which may qualify for the 2.75% total annualized promotional rate.
The Customer’s USD Baseline Balance is USD $25,000 and its current eligible settled USD balance on promo end is USD $125,000.
The Customer’s USD Incremental Balance is USD $100,000, which may qualify for the 3.00% total annualized promotional rate.
CAD and USD Incremental Balances are calculated separately and are not combined.
2.5 “Promo-Eligible Balance”
“Promo-Eligible Balance” means the portion of the Customer’s Bonus Boost Eligible Balance that remains eligible for the applicable promotional interest rate under these Promotion Terms.
During the Funding Window, the Promo-Eligible Balance may increase as additional eligible settled funds are added to the Account.
After the Funding Window ends, the Promo-Eligible Balance cannot increase and may be permanently reduced if the Customer’s balance falls, as described in Section 5.
3. Eligibility
3.1 Eligible Businesses
The Promotion is available Eligible Businesses which are defined as Active Businesses that:
maintain an active Venn Account in good standing;
are eligible to earn interest on CAD or USD balances under Venn’s applicable terms, policies, and legal requirements;
are eligible to use Venn’s Services under the Venn Terms of Service;
have completed any identity, business, beneficial ownership, compliance, or verification requirements requested by Venn;
are not subject to a restriction that prevents Venn from paying interest;
comply with these Promotion Terms and all other applicable Venn agreements and policies; and
become active no later than 11:59 p.m. ET on October 15, 2026.
3.2 Automatic Enrollment
Every Eligible Business is automatically enrolled in the Promotion. No opt-in button, enrollment form, acceptance flow, minimum deposit instruction, or communication with Venn is required to participate.
Failure to receive a marketing email, promotional announcement, Baseline Balance email, or other notification does not by itself prevent an otherwise Eligible Business from participating.
3.3 Baseline Balance Notification
Venn may notify Customers by email or through the Venn platform of their applicable CAD and USD Baseline Balances.
Customers who do not receive a Baseline Balance notification, believe their Baseline Balance is incorrect, or require a breakdown of the calculation should contact support via our in-app chat after logging in.
A Customer’s failure to receive or review an email does not alter the Baseline Balance recorded in Venn’s systems.
Any request to review a Baseline Balance should be submitted promptly and should include any information reasonably requested by Venn.
Venn may correct calculation, data, account, or processing errors at any time.
3.4 Ineligible Businesses and Balances
The following are not eligible, except where expressly approved by Venn:
closed, suspended, restricted, frozen, or inactive Accounts;
Customers not eligible to earn interest under applicable law or Venn policy;
Customers that have not completed required compliance or verification reviews;
Customers or Accounts subject to sanctions, legal restrictions, fraud concerns, security concerns, or regulatory restrictions;
Venn employees, contractors, directors, officers, affiliates, or related parties where participation is prohibited by internal policy;
Customers using Accounts on behalf of another person or entity contrary to Venn’s terms;
Customers that Venn reasonably determines are abusing, manipulating, or attempting to circumvent the Promotion; and
any business, Account, balance, or transaction that Venn determines is not eligible under these Promotion Terms.
4. Funding Window and Qualifying Funds
4.1 Funds Must Land During the Funding Window
To establish or increase a Maximum Qualified Amount, qualifying funds must be fully settled and credited to the applicable Account between: 12:00 a.m. ET on July 15, 2026 and 11:59 p.m. ET on October 15, 2026.
A transfer does not qualify merely because it was initiated, submitted, approved, scheduled, or sent during the Funding Window. Funds qualify only once they have landed and are reflected as settled and available in the applicable Account.
Delays caused by sending institutions, intermediary institutions, payment networks, weekends, holidays, compliance reviews, incomplete instructions, technical issues, or other processing circumstances do not extend the Funding Window.
4.2 Qualifying Incremental Balances
A Customer’s qualifying balance is the amount by which the applicable Eligible Balance exceeds the applicable Baseline Balance.
Venn may review account and transaction records to determine whether balances are settled, available, eligible to earn interest, and properly included in the calculation.
4.3 Currency Conversions
CAD and USD Baseline Balances and Promo-Eligible Balances are calculated separately.
A Customer may convert funds between CAD and USD using Venn’s available foreign-exchange services.
An eligible settled balance resulting from a currency conversion may be included in the applicable currency’s Eligible Balance and Incremental Balance, subject to these Promotion Terms.
Foreign-exchange rates, spreads, fees, processing times, and other applicable Venn foreign-exchange terms continue to apply.
A currency conversion does not extend the Funding Window or the Promotional Period.
4.4 No Minimum Deposit
There is no minimum deposit amount required to participate in the standard CAD or USD promotional offers.
An enhanced USD promotional rate offered through Venn Sales may be subject to a specified funding level, commitment, approval condition, or other requirement communicated by Venn.
5. Maintaining the Promo-Eligible Balance
5.1 Live Balance Calculation
Promotional Interest is calculated using the Customer’s eligible settled balance as recorded in Venn’s systems.
Deposits begin contributing to the Promo-Eligible Balance once they have landed, settled, and become available in the applicable Account.
Withdrawals, payments, transfers, currency conversions, and other debits reduce the Promo-Eligible Balance when they are reflected in Venn’s systems.
Venn may calculate accrued interest using transaction timestamps, ledger balances, settlement records, and its standard interest-calculation methodology.
5.2 Activity During the Funding Window
During the Funding Window, a Customer may add, withdraw, spend, transfer, or convert funds.
If the Incremental Balance decreases during the Funding Window, the Promo-Eligible Balance may decrease for the applicable period.
If the Customer adds qualifying funds again before the Funding Window ends, the Customer may re-establish or increase the Promo-Eligible Balance, up to the greatest qualifying Incremental Balance achieved before the end of the Funding Window.
5.3 Maximum Qualified Amount at the End of the Funding Window
At 11:59 p.m. ET on October 15, 2026, the Customer’s Maximum Qualified Amount for each applicable currency becomes fixed, subject to:
subsequent permanent reductions;
reversals or returned funds;
corrections of errors;
loss of eligibility; and
any other adjustment permitted under these Promotion Terms.
The Maximum Qualified Amount cannot increase after the Funding Window ends.
5.4 Permanent Reduction After the Funding Window
After the Funding Window ends, if the Customer’s Eligible Balance falls below the amount required to support the then-current Promo-Eligible Balance, the Promo-Eligible Balance will be permanently reduced by the amount of the shortfall.
The reduced amount cannot be restored by a later deposit, transfer, conversion, or balance increase. Funds added after the Funding Window may earn Venn’s standard non-promotional annualized interest rate but will not receive the applicable promotional rate.
5.5 Example of a Permanent Reduction
Assume that:
The Customer’s average CAD balance from June 15, 2026 through July 14, 2026 was $100,000. The Customer’s CAD Baseline Balance is therefore $100,000.
The Customer’s actual CAD balance was $0 when the Promotion began on July 15, 2026. This does not change or reset the $100,000 Baseline Balance.
During the Funding Window, the Customer adds $350,000 CAD in qualifying funds.
The Customer’s total CAD balance is then $350,000.
Because the first $100,000 is equal to the Customer’s Baseline Balance, the Customer’s Bonus Boost Eligible Balance is $250,000 CAD.
Bonus Boost Eligible Balance = $350,000 total balance − $100,000 Baseline Balance = $250,000
If, on November 1, 2026, after the Funding Window has ended, the Customer’s total CAD balance falls to $200,000, the Customer’s Bonus Boost Eligible Balance is permanently reduced to $100,000.
Remaining Bonus Boost Eligible Balance = $200,000 total balance − $100,000 Baseline Balance = $100,000
If the Customer later restores the total CAD balance to $350,000 after the Funding Window ended on October 15, 2026, the Customer does not regain the $150,000 of promotional eligibility that was lost.
Only the remaining $100,000 Bonus Boost Eligible Balance continues to qualify for the promotional rate. The rebuilt $150,000 may earn only Venn’s standard annualized interest rate of 2.00%.
5.6 Continued Reductions
Each further decrease below the balance required to maintain the remaining Promo-Eligible Balance may permanently reduce the Promo-Eligible Balance again. Once the Promo-Eligible Balance has been reduced to zero, later deposits do not restore eligibility.
6. Promotional Interest Rates
6.1 Standard Interest Rate
Venn’s standard annualized interest rate for eligible CAD and USD balances during the Promotion is 2.00%.
Balances that do not qualify for a promotional rate may continue to earn the standard annualized interest rate of 2.00%, subject to Venn’s standard interest terms.
6.2 CAD Promotional Rate
A Promo-Eligible CAD Balance will earn a total annualized promotional interest rate of 2.75%. The 2.75% rate consists of:
Venn’s standard annualized interest rate of 2.00%; and
an additional annualized promotional interest rate boost of 0.75 percentage points.
6.3 Standard USD Promotional Rate
A Promo-Eligible USD Balance will earn a total annualized promotional interest rate of 3.00%, unless Venn has approved a higher enhanced USD rate. The 3.00% rate consists of:
Venn’s standard annualized interest rate of 2.00%; and
an additional annualized promotional interest rate boost of 1.00 percentage point.
6.4 Enhanced USD Promotional Rates
Eligible Customers may qualify for a total annualized USD interest rate above 3.00% and up to 3.50%. Rates above 3.00% are not automatic.
A Customer must contact Venn Sales and receive Venn’s express written approval before any enhanced rate applies.
Venn may determine whether to approve an enhanced rate and the amount of that rate in its discretion based on factors including:
the amount of qualifying USD balances;
expected funding levels;
the timing of deposits;
the Customer’s account status;
the Customer’s relationship with Venn;
commercial considerations;
risk or compliance considerations; and
any other factor Venn considers relevant.
Venn is not required to publish or disclose its internal tiers, qualification thresholds, approval criteria, or rate-setting methodology. Contacting Venn Sales does not guarantee an enhanced rate.
Unless and until Venn confirms an enhanced rate in writing, the Customer’s qualifying USD balance will earn the standard promotional rate of 3.00%.
Any enhanced rate applies only:
after Venn has confirmed it in writing;
from the effective date identified in Venn’s written confirmation;
to the Customer, legal entity, currency, balance, and period identified by Venn; and
subject to any additional requirements or conditions communicated by Venn Sales.
Any enhanced USD rate is also subject to these Promotion Terms and the separate written terms communicated by Venn Sales.
If there is a conflict between these Promotion Terms and the specific written terms governing an enhanced USD rate, the specific written enhanced-rate terms will govern solely in relation to that enhanced rate.
7. Interest Calculation and Payment
7.1 Interest Accrual
Standard interest and Promotional Interest accrue using Venn’s applicable interest-calculation methodology. Interest is calculated independently for CAD and USD.
The amount earned may vary based on:
the Customer’s live Eligible Balance;
the applicable Baseline Balance;
the remaining Promo-Eligible Balance;
deposits, withdrawals, payments, transfers, currency conversions, reversals, or returned funds;
the applicable interest rate;
the time at which transactions are recorded, settled, and made available; and
Venn’s calculation, ledger, timekeeping, and processing methodology.
7.2 Monthly Payments
Accrued Promotional Interest is generally paid monthly on the fifth day of the following month, at the same time as the Customer’s standard interest payment.
Payments will generally be credited in the same currency in which the applicable interest was earned.
If the fifth day falls on a weekend, holiday, or non-processing day, payment may be made on the next available processing day. A delayed payment does not necessarily mean that interest was not earned.
7.3 Rounding
Interest calculations and payments may be rounded in accordance with Venn’s standard calculation and accounting practices.
Accrued amounts may include fractions smaller than the smallest payable currency unit. These amounts may be accumulated and rounded when the applicable monthly payment is processed.
7.4 Final Payment
Promotional Interest accrued through the end of the Promotional Period will generally be included in the next scheduled monthly interest payment after the Promotional Period ends.
8. Separate Treatment of CAD and USD
The Promotion is administered independently for CAD and USD.
For each currency, Venn will separately determine:
the Baseline Balance;
the Eligible Balance;
the Incremental Balance;
the Maximum Qualified Amount;
the remaining Promo-Eligible Balance;
the applicable promotional interest rate; and
the amount of Promotional Interest earned.
A decrease in one currency does not automatically reduce the Promo-Eligible Balance in another currency. Interest earned in CAD is generally paid in CAD. Interest earned in USD is generally paid in USD.
9. Loss of Eligibility, Suspension, and Termination
A Customer may immediately cease earning Promotional Interest if:
the applicable Account is closed;
the Account is suspended, restricted, frozen, or terminated;
the Customer ceases to be an Active Business in good standing;
the Customer becomes ineligible to receive interest;
the Customer fails to complete a required compliance or verification review;
the Customer violates these Promotion Terms, the Venn Terms of Service, or another applicable agreement;
Venn reasonably suspects fraud, misuse, abuse, manipulation, money laundering, sanctions concerns, security threats, or illegal activity;
the Customer provides false, incomplete, misleading, or inaccurate information;
the Customer attempts to obtain promotional benefits through an error, duplicate credit, unauthorized activity, or misuse of the Venn platform; or
continued participation would violate applicable law, regulatory requirements, a court order, or the requirements of Venn’s financial partners.
Venn may withhold, limit, suspend, reverse, recover, recalculate, or adjust Promotional Interest where:
an amount was paid or credited in error;
the Customer did not satisfy applicable eligibility requirements;
a qualifying transfer was later reversed, recalled, disputed, rejected, or returned;
Venn discovers inaccurate account or transaction information;
the Promo-Eligible Balance was incorrectly calculated;
the Customer engaged in conduct inconsistent with these Promotion Terms; or
the adjustment is required for legal, regulatory, compliance, fraud-prevention, accounting, operational, or security purposes.
Ending participation in the Promotion does not necessarily affect standard interest validly earned under Venn’s standard interest program.
10. Errors and Corrections
Venn may correct administrative, technical, clerical, data, timekeeping, currency-conversion, calculation, posting, payment, or processing errors at any time.
Corrections may include:
recalculating a Baseline Balance;
recalculating a Maximum Qualified Amount;
reducing or increasing a Promo-Eligible Balance;
reversing an incorrect Promotional Interest payment;
crediting an underpayment;
recovering an overpayment where permitted under the applicable Venn agreements; or
adjusting a future interest payment.
Venn’s books, systems, transaction records, timestamps, and account records will govern calculations unless Venn identifies a manifest error.
11. Relationship to Other Venn Terms
These Promotion Terms supplement the Venn Terms of Service and any other agreements governing the Customer’s Account or use of Venn Services.
All regular Venn terms, account conditions, fees, restrictions, limits, compliance requirements, and policies continue to apply.
If there is a conflict between these Promotion Terms and the Venn Terms of Service, the Venn Terms of Service will prevail, except to the extent Venn expressly states otherwise in writing.
The Promotion does not modify the legal status, safeguarding treatment, deposit-insurance eligibility, ownership, availability, or other legal treatment of funds under the applicable Venn agreements.
Venn is not a bank.
Any description of a Venn Account as a business account, banking account, or similar term is subject to the applicable Venn legal agreements and disclosures.
12. Modification, Suspension, or Termination
To the extent permitted by applicable law, Venn may modify, suspend, extend, replace, or terminate the Promotion or these Promotion Terms.
Venn may do so because of:
legal or regulatory developments;
changes involving Venn’s financial partners;
fraud, manipulation, abuse, or security concerns;
technical or operational failures;
administrative or calculation issues;
events outside Venn’s reasonable control; or
circumstances that prevent the Promotion from operating as intended.
Where reasonably practicable, Venn will provide notice of a material modification through email, the Venn platform, Venn’s website, or another appropriate channel.
No modification will require Venn to credit interest that was not validly earned under the Promotion, subject to applicable law.
13. No Transfer or Assignment
Promotional eligibility, an approved promotional rate, a Baseline Balance, a Maximum Qualified Amount, and a Promo-Eligible Balance:
are specific to the applicable Customer and legal entity;
cannot be sold, transferred, assigned, pledged, or exchanged;
do not automatically transfer following a reorganization, sale, amalgamation, ownership change, or account migration; and
may be reviewed or recalculated if the Customer’s ownership, control, legal structure, or Account arrangement changes.
14. Decisions and Interpretation
Subject to applicable law, Venn will make determinations concerning:
eligibility;
Baseline Balances;
qualifying funds;
Eligible Balances;
Incremental Balances;
Maximum Qualified Amounts;
Promo-Eligible Balances;
applicable interest rates;
enhanced-rate approvals;
interest calculations;
related entities or commonly controlled businesses;
suspected abuse or misuse; and
the interpretation and administration of these Promotion Terms.
Venn’s determinations will be final, subject to the correction of errors and any rights available under applicable law or the Venn Terms of Service.
15. Limitation of Liability
To the maximum extent permitted by applicable law and subject to the Venn Terms of Service, Venn is not responsible for losses arising from:
transfer or payment-network delays;
funds arriving after the Funding Window;
interruptions, outages, or technical issues involving Venn or third parties;
inaccurate or incomplete payment instructions;
holds or reviews required for legal, compliance, fraud-prevention, or security purposes;
a Customer’s failure to maintain sufficient Promo-Eligible Balances;
a Customer’s failure to maintain accurate contact information;
emails or notices that are delayed, filtered, undeliverable, or not reviewed;
transaction-processing or settlement delays; or
any action permitted under these Promotion Terms.
Nothing in these Promotion Terms excludes liability that cannot lawfully be excluded.
16. Severability and Waiver
If any provision of these Promotion Terms is found to be invalid, illegal, or unenforceable, the remaining provisions will continue in effect to the extent permitted by law.
Venn’s failure or delay in enforcing a provision does not waive its right to enforce that provision or another provision later.
17. Questions and Support
For questions please contact Venn Support within the in-app chat.