What is the HausMoney Card?
The HausMoney Card operates like a credit card but is backed by funds that are transferred into it via tips and/or earnings through TipHaus. The transferred funds determine the card's spending limit, providing a secure way to manage expenses while building credit history.
How It Works:
Fund Transfer: Tips and earnings are regularly transferred into the HausMoney card account.
Spending Limit: The available balance from these transfers becomes the card's spending limit, which is set to $2,500 per day.
Transactions: Purchases are made up to the current balance.
Full Payment Required: Like a traditional card, the balance must be paid in full each billing cycle; this occurs automatically with no action needed from your part.
What do I need to do in order to sign up for the HausMoney™ Card?
In order to sign up for the HausMoney Card please go through the following steps: Please log into the TipHaus Employee App my.tiphaus.com with your TipHaus registered email and at the bottom click on the credit card image then tap Sign Up under HausMoney.
Switching from HausDirect or Rapid! to HausMoney:
Switching from HausDirect (direct payout) to HausMoney (instant pay) in the TipHaus app is a straightforward process. Follow these steps to make the switch:
Access the TipHaus App:
Open the TipHaus Employee app from my.tiphaus.com.
Sign in to your account.
Navigate to Payout Settings:
Tap the credit card icon (bottom).
Click on "Update Payout Method'"
Choose HausMoney:
Tap "Got it" (if prompted).
Select HausMoney as your payout option.
Complete the HausMoney registration process by following the on-screen instructions.
Manager Approval Process
After completing your HausMoney registration for the first time, your manager must approve the sign-up or switch. Until this approval is granted, payouts will continue to your existing payout method or paycheck.
I need a new invitation code:
Once you have used your invitation code, there's no need to create a new one. If you already used it, you may just have to click I already have an account and log in with your email and password to continue with the registration process.
If I'm a minor, can I sign up for the HausMoney Card?
Not at this time. Alternatively, you can sign up for HausDirect (receive your tips directly to an existing debit card for a fee) or receive tips on your paycheck.
Will my credit score be impacted? Are you doing a soft or hard pull from my credit score?
The 'soft inquiry' credit check is used to pre-approve your credit builder line of credit. Once you have been approved, you will see a new opened tradeline from Upwardli.
Why is credit reporting important?
Whether you are new to the U.S. or just getting a credit score started, a 'thin' credit file can make it difficult to get financial services, buy a car, rent a house, or even secure a job. Reporting transfers to the credit bureaus builds your credit history, increases the types of credit on your credit report, and may boost your score.
How do I contact HausMoney™ Card's customer service?
We can be reached via email at [email protected] or our number +1-253-693-0366 and select HausMoney.
What are the benefits of the HausMoney Card?
The HausMoney Card includes the following benefits:
HausMoney Physical and Virtual Card: Receive your tips directly into your digital account, giving you immediate access to your earnings for card purchases.
Credit building: Payments are reported to credit bureaus, helping users establish or improve their credit history. Ideal for individuals with limited or no credit history.
Controlled spending: The spending limit is tied to the transferred funds, reducing the risk of overspending.
No ATM Fees: Withdraw anywhere across the country, ATM-fee-free in our network.
Are my funds FDIC insured?
Yes, funds held in your HausMoney account are FDIC-insured up to $250,000 at Cross River Bank, Member FDIC. Upwardli is a financial technology company, not an FDIC-insured bank. Lines of credit and deposit product provided by Cross River Bank, FDIC. Deposit product is FDIC-insured up to $250,000 through Cross River Bank. Line of credit is not a deposit product.
Which Credit Bureaus does my Card Report to?
Currently, we report to both Equifax® and Experian® each month. Once you sign up, your HausMoney activity should start appearing on your credit report in the following month. As the HausMoney Card is powered by our financial technology partner, Upwardli – you will see Upwardli as the entry 'Upward Financial Inc.' on the credit report. For example; if you signed up in December, our first credit report would be submitted in December and we should appear on your credit report in January. If you're not seeing the “'Upward Financial Inc.” entry on your credit reports within 45 days, please contact customer support and we will be happy to help.
Additional Information:
Tip earnings are deposited by your employer participating in the Tiphaus ETA Program. Employers determine the cadence of their tip payouts. TipHaus or HausMoney do not initiate payments.
The HausMoney card has no annual fees, but out-of-network ATM fees may apply.
We partner with Plaid to enable financial institution linking in the hausmoney mobile app. Plaid enables the ability to link to over 12,000 U.S. financial institutions, plus many more in Canada, U.K., and Europe.
Hausmoney™ is a financial technology and services brand providing banking services in partnership with Cross River Bank: Member FDIC. The HausMoney Card is issued by Cross River Bank pursuant to a license from Mastercard, Inc. and may be used everywhere Mastercard debit cards are accepted. Please review our Cardholder Agreement to learn more.