---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-043439"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T20:36:37.922046+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dave (DAVE) enters exclusive sponsor bank agreement with Coastal Community Bank (CCB); onboarding Q2 2025

## Summary
- Coastal becomes exclusive sponsor bank for Dave’s banking products and simplified ExtraCash product; customer onboarding begins Q2 2025.
- Agreement caps certain receivables held by Coastal at $100M each; Coastal may sell receivables to Dave after holding period.
- Dave pays tiered fees on card transaction volume and minimum monthly fee; Coastal shares interchange revenue and pays management fee based on Fed Funds Rate.
- Initial term of five years, automatic renewal; exclusive for new customers after beta; existing customers transitioned within 24 months of beta launch.
- Dave funds cash collateral account; parent guarantee via separate Assurance Agreement.

## SEC filing metadata
- accession: 0001193125-25-043439
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312525043439/0001193125-25-043439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312525043439/d938261d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-043439
- JSON: https://secwatch.observer/filing/0001193125-25-043439.json
- Plain text: https://secwatch.observer/filing/0001193125-25-043439.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.