Last updated: January 2025
By using Intrinsic, you agree to these terms. Please read them carefully.
Intrinsic XYZ Inc. is a technology company that provides a mobile application for saving and spending in gold. We partner with Lead Bank N.A., Member FDIC, to provide banking services. The Intrinsic Visa Debit Card is issued by Lead Bank N.A. pursuant to a license from Visa USA Inc.
You must be at least 18 years old and a U.S. resident to use Intrinsic. You must provide accurate information and complete identity verification to open an account.
When you deposit funds, we convert them to gold at the current spot price plus our conversion spread. Your balance is held in gold. When you spend with your Intrinsic card, we convert the necessary gold to dollars at the current spot price.
The value of your account will fluctuate with the gold price. Gold can be volatile, and you may lose money in the short term. Intrinsic is designed for long-term savers who believe in gold's ability to preserve purchasing power over time.
We charge a monthly account fee and a conversion spread on gold purchases and sales. Detailed fee information is available in your account dashboard. We do not charge fees for card transactions or transfers between Intrinsic users.
You may close your account at any time. We reserve the right to close accounts that violate these terms or applicable laws. Upon closure, your gold will be converted to dollars and returned to you minus any applicable fees.
Intrinsic is not liable for losses due to gold price fluctuations, market conditions, or your investment decisions. We are not providing investment advice. Our liability is limited to the amount of fees you paid in the past 12 months.
Questions about these terms? Contact us at legal@intrinsic.com.