WHAT IS AN ERA?
Your ERA gives you a secure online account where you add the regular household bills and expenses you already have.
You fund your ERA for those expenses. ReCapture Financial uses the funds in your ERA to pay the household bills and expenses you've added.
ONE PLACE FOR THE HOUSEHOLD EXPENSES YOU ALREADY HAVE.
Think of your ERA as the online account and household-expense platform you use with ReCapture Financial.
An ERA (Expense Reimbursement Account) is the ReCapture Financial account where you enter the regular household bills and expenses you want paid through your ERA.
That can include expenses such as your mortgage or rent, vehicle payments, insurance, utilities, groceries, credit cards, phones and other regular household expenses.
When you log in, you can see the household expenses you've added and the information associated with your ERA. This gives you a clear place to see what is connected to your account.
You fund your ERA with the money needed for those household expenses. ReCapture Financial then uses those ERA funds to pay the designated household bills and expenses you've added.
ReCapture Financial separately pays you for using your ERA according to your verified household expenses, account status and applicable program terms.
You add the expenses. You fund your ERA. Your household expenses get paid. ReCapture pays you.
FOUR STEPS. THAT'S IT.
Your ERA starts with the household bills and expenses you're already paying today.
Add Your Expenses.
Log in to your ReCapture account and add the regular household bills and expenses you want included in your ERA.
Fund Your ERA.
Put the money needed for your household expenses into your ERA.
Your ERA Pays Them.
ReCapture uses the funds in your ERA to pay the household bills and expenses you've added.
ReCapture Pays You.
ReCapture Financial pays you based on the household bills and expenses paid through your ERA and applicable program terms.
A REAL ACCOUNT. A REAL LOGIN. YOUR HOUSEHOLD EXPENSES.
Your ERA isn't an idea or a calculation. It is an account you open with ReCapture Financial and access through your ReCapture login.
Your Own ERA
After opening your ERA, you have a ReCapture account where your household expense information is maintained.
See What You've Added
Your account shows the regular household bills and expenses you've placed into your ERA.
Built Around Your Numbers
Your ERA is based on your household's verified expenses rather than a generic spending amount.
Protected Access
Your personal and financial information is protected through secure account access and security measures designed to protect information from unauthorized access.
RECAPTURE PAYS YOU FOR USING YOUR ERA.
Your household already has bills and expenses. An ERA gives those same expenses a new financial purpose.
ReCapture Financial pays ERA customers based on verified household expenses, account status and applicable program terms. Your ReCapture payment is separate from the money you provide to cover your household expenses.
WHAT CAN YOU DO WITH YOUR RECAPTURE PAYMENT?
Once ReCapture pays you, you decide what role that money should play in your household.
Receive Your Payment
Receive your ReCapture payment and use it as additional household income, extra breathing room, savings or toward another financial goal.
Your ReCapture PaymentPut It Toward Your Car
DriveFree™ provides an additional way to connect your ERA benefits with your vehicle expenses according to applicable DriveFree™ program terms.
DriveFree™Support Your Retirement
Your paycheck may eventually change. Your household expenses won't. Your ReCapture payment can become another financial resource during retirement.
RetirementPut More Toward an Existing Policy
AdvisorReady™ allows households with an existing cash-value life insurance policy to choose to direct some or all of their ReCapture payment toward that policy.
AdvisorReady™Plan for Bigger Goals
PlannedLender™ provides an additional ReCapture program for households planning future purchases and financial goals, subject to its own requirements and terms.
PlannedLender™Choose Your Own Financial Direction
That's the bigger point. Your ERA starts with household expenses you already have. ReCapture pays you for using your ERA, and you decide what to do with your ReCapture payment.
Your ERA. Your Direction.RECEIVE IT. USE IT. BUILD WITH IT.
What Do You Want Your ReCapture Payment to Do?
THIS IS WHAT AN ERA DOES.
No complicated explanation is necessary. You open your account, add the household expenses you already have, fund your ERA for those expenses, and ReCapture handles the payments you've placed into the account. ReCapture Financial then pays you according to the applicable ERA program terms.
WHAT DO I NEED TO OPEN AN ERA?
MiddleBanking™ 1.0 is designed for households with steady income and regular household expenses.
The person opening the ERA must be at least 25 years old.
The head of household must be included when the ERA is opened and household expenses are added.
Your household must have at least $3,000 in regular household and personal expenses to place into your ERA.
Full-time employment or dependable retirement income sufficient to fund the household expenses in your ERA.
Maintain an active checking account used to provide the funds for your ERA.
Keep your household expense information current and provide the funds required for the expenses you've placed into your ERA.
Household expenses and income are reviewed during onboarding. ERA opening and program benefits are subject to verification, approval, account status and applicable program terms.
YOU ALREADY HAVE THE BILLS. NOW YOU CAN HAVE AN ERA.
An ERA is an Expense Reimbursement Account. ReCapture Financial's ERA is MiddleBanking™ 1.0. Add the household expenses you already have, fund your ERA for those expenses, and ReCapture handles the payments you've placed into the account.
Use Your ERA. ReCapture Pays You.
Important Information
ReCapture Financial is a financial technology and financial services company and is not a bank. An ERA is an Expense Reimbursement Account. ReCapture Financial's ERA is called MiddleBanking™ 1.0. An ERA provides ReCapture customers with an online account for household expenses and applicable ReCapture program benefits. An ERA is not a checking account, savings account, investment account, securities account, insurance product, retirement account, lending product, or a JPMorgan Chase or Truist deposit account.
Your ERA Funds
Customers provide funds to ReCapture Financial for the household bills and expenses placed into their ERA. Those funds are used for authorized household expenses associated with the customer's account.
ReCapture Payments
ReCapture Financial pays ERA customers from company revenue according to verified household expenses, account status and applicable program terms. ReCapture payments are separate from the funds customers provide for household expenses. They are not bank interest, an investment return, a dividend or an FDIC-insured return.
How ReCapture Financial Earns Revenue
ReCapture Financial earns corporate revenue through financial counseling, accounting and concierge financial services. ReCapture uses a portion of company revenue to provide payments to ERA customers according to applicable program terms.
Banking Relationships
ReCapture Financial maintains corporate deposit accounts with JPMorgan Chase Bank, N.A., Member FDIC, and Truist Bank, Member FDIC. Funds received by ReCapture for household expenses are deposited into ReCapture corporate deposit accounts at FDIC-insured financial institutions and used for authorized household expenses. ReCapture Financial, not Chase or Truist, operates the ERA program and makes payments to ERA customers. An ERA is not a Chase or Truist deposit account.
Household Obligations
Using an ERA does not eliminate, forgive or transfer a customer's underlying financial obligations. Customers remain responsible for their household debts and expenses and for complying with applicable ERA program terms.
Other ReCapture Programs
DriveFree™, AdvisorReady™ and PlannedLender™ have their own requirements and terms. References to those programs describe additional ways customers may use ReCapture services and do not change the terms applicable to those individual programs.