WooQ Rewards is not a bank and does not provide banking services. WooQ Rewards is a digital wallet. While WooQ Rewards offers features that facilitate financial transactions, it is not insured by any governmental agency and is not subject to the same regulations as banks.

Important Disclosures:
1. Not FDIC Insured: Funds stored in WooQ Rewards is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency.

2. Not a Bank Deposit: Transactions conducted through WooQ Rewards is not considered bank deposits and are not protected by banking regulations.

3. Risk of Loss: Using WooQ Rewards involves risks, including potential loss of funds due to market fluctuations, technical issues or unauthorized access.

4. We offer rewards and not Interest Payments: WooQ Rewards does not pay interest on stored funds.

5. Fees Apply: WooQ Rewards may charge fees for certain services, as outlined in our Terms of Service.

6. User Responsibility: You are responsible for maintaining the security of your account and transactions.

By using WooQ Rewards, you acknowledge that you:

1. Understand that WooQ Rewards is not a bank.

2. Have read and agreed to our Terms of Service and Privacy Policy.

3. Assume all risks associated with using WooQ Rewards.

Contact Us
If you have questions or concerns about WooQ Reward, please contact our support team at support@wooqrewards.co.za.