Bolt Financial
Bolt's terms include forced arbitration with class action waivers, the ability to terminate accounts for any reason, and broad fraud detection powers including SSA verification. They claim liability caps at just $100 and require users to indemnify them for merchant disputes.
The Bottom Line
AI-generated summary of the terms as we read them. Opinion, not legal advice.
Bolt's terms include forced arbitration with class action waivers, the ability to terminate accounts for any reason, and broad fraud detection powers including SSA verification. They claim liability caps at just $100 and require users to indemnify them for merchant disputes.
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Notable Clauses
“YOU AND BOLT AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, CONSOLIDATED OR REPRESENTATIVE ACTION OR PROCEEDING.”
“You agree to indemnify and hold Bolt, its affiliates, officers, agents, employees, and partners harmless from and against any and all claims, liabilities, damages (actual and consequential), losses and expenses (including attorneys' fees) arising from or in any way related to any third party claims ...”
“UNDER NO CIRCUMSTANCES AND UNDER NO LEGAL THEORY (INCLUDING, WITHOUT LIMITATION, TORT, CONTRACT, STRICT LIABILITY, OR OTHERWISE) SHALL BOLT AND ITS AFFILIATES, THE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, PARTNERS AND SUPPLIERS OF BOLT OR ITS AFFILIATES, BE LIABLE TO YOU OR TO ANY OTHER PERSON FOR (A...”
“Any dispute arising from or relating to the Services and these Terms shall be solely and exclusively resolved through a final and binding arbitration, as set forth in this Section 15 ("Arbitration Terms"), rather than in court.”
“I authorize the Social Security Administration (SSA) to verify and disclose to Bolt Financial, Inc., through Socure Inc., their service provider, for the purpose of this transaction whether the name, Social Security Number (SSN), and date of birth I have submitted matches information in SSA records,...”
“Bolt is also free to terminate (or suspend access to) your use of the Services or your account, for any reason in our discretion, including your breach of these Terms.”
“You agree that we may share this information with third parties for the purpose of preventing fraud through use of the Service and to improve and optimize our fraud detection and prevention services.”
“You have the right to opt out of the provisions of this Arbitration Agreement by sending written notice of your decision within 30 days after first accepting these Arbitration Terms to: support@bolt.com.”
Protect Yourself
ACTIONABLESettings and actions you can take to limit your exposure
Opt Out of Arbitration
Escape forced arbitration within 30 days to preserve your right to sue in court
- Email support@bolt.com within 30 days of creating your account
- Include subject line: 'Arbitration Opt-Out'
- Include your full name, email address, and statement: 'I want to opt out of the Arbitration Agreement'
Turn Off Marketing Texts
Stop promotional messages from merchants using Bolt's platform
- Reply 'STOP' to any marketing text message you receive
- Or email support@bolt.com to unsubscribe from all marketing texts
Delete Your Bolt Account
Remove your stored payment and shipping information from their system
- Email support@bolt.com requesting account deletion
- Include your full name and email address associated with the account
Monitor Payment Authorizations
Track recurring payments since Bolt can charge stored cards for future merchant transactions
- Check your credit card statements monthly for Bolt charges
- Set up account alerts with your card issuer for all transactions
- Consider using a dedicated card for online shopping to limit exposure
Disclaimer: The clauses shown above are excerpts from publicly available Terms of Service documents. Ratings and severity levels reflect community and AI assessment, not legal advice, factual claims, or determinations about a company's legality or intent. Clauses marked “VERIFIED” have been confirmed as exact quotes from the source document. Clauses marked “AI-extracted” were identified by AI and may contain errors. Always verify against the original TOS.
Get notified when Bolt Financial updates their TOS
We'll email you what changed and what it means
By subscribing, you agree to our Terms and Privacy Policy.