Kündigungsdienst Nr. 1 in Canada
Vertragsnummer:
An:
Kündigungsabteilung – Spring Financial
Suite 600, Two Bentall Centre, 555 Burrard Street
V7X 1M8 Vancouver
Betreff: Vertragskündigung – Benachrichtigung per zertifizierter E-Mail
Sehr geehrte Damen und Herren,
hiermit kündige ich den Vertrag Nummer bezüglich des Dienstes Spring Financial. Diese Benachrichtigung stellt eine feste, klare und eindeutige Absicht dar, den Vertrag zum frühestmöglichen Zeitpunkt oder gemäß der anwendbaren vertraglichen Kündigungsfrist zu beenden.
Ich bitte Sie, alle erforderlichen Maßnahmen zu ergreifen, um:
– alle Abrechnungen ab dem wirksamen Kündigungsdatum einzustellen;
– den ordnungsgemäßen Eingang dieser Anfrage schriftlich zu bestätigen;
– und gegebenenfalls die Schlussabrechnung oder Saldenbestätigung zu übermitteln.
Diese Kündigung wird Ihnen per zertifizierter E-Mail zugesandt. Der Versand, die Zeitstempelung und die Integrität des Inhalts sind festgestellt, wodurch es einen gleichwertigen Nachweis darstellt, der den Anforderungen an elektronische Beweise entspricht. Sie verfügen daher über alle notwendigen Elemente, um diese Kündigung ordnungsgemäß zu bearbeiten, in Übereinstimmung mit den geltenden Grundsätzen der schriftlichen Benachrichtigung und der Vertragsfreiheit.
Gemäß BGB § 355 (Widerrufsrecht) und den Datenschutzbestimmungen bitte ich Sie außerdem:
– alle meine personenbezogenen Daten zu löschen, die nicht für Ihre gesetzlichen oder buchhalterischen Verpflichtungen erforderlich sind;
– alle zugehörigen persönlichen Konten zu schließen;
– und mir die wirksame Löschung der Daten gemäß den geltenden Rechten zum Schutz der Privatsphäre zu bestätigen.
Ich behalte eine vollständige Kopie dieser Benachrichtigung sowie den Versandnachweis.
Mit freundlichen Grüßen,
12/01/2026
Cancellation Spring Financial: Easy Method
What is Spring Financial
Spring Financial is a Canadian fintech company that offers credit‑building products, a savings-backed Foundation program, subscription services such as a budgeting app (Bloom), and consumer lending products. It markets programs that report on-time activity to credit bureaus and collects bi‑weekly or monthly payments tied to savings and credit‑building benefits.
The company publishes a Help Centre describing the Foundation credit‑building program and cancellation mechanics, and has been the subject of regulatory action in British Columbia for past practices affecting some borrowers.
How to cancel Spring Financial
- Review your account status in the Spring app or online account first to confirm whether your account is in good standing and whether you have refundable savings; Spring's Help Centre says the Foundation program can be cancelled at any time with no cancellation fee and that refundable savings are automatically returned if the account is in good standing. Spring Help Centre.
- Contact Spring support by the in‑app or online support channel to submit your cancellation request and ask for written confirmation (screenshot or email). Because Spring's public help pages do not specify separate processes for App Store/Google Play/web, obtain explicit confirmation of how they have recorded your cancellation.
- Send a dated, signed cancellation letter by registered mail (raccomandata A/R) to ensure proof of delivery. Include your full name, account number, last four digits of the payment method, statement that you cancel the Foundation or subscription plan effective immediately, and request confirmation of any refundable savings or final account balance. Mail to the address in Section 12 below.
- Keep copies of: the registered‑mail receipt, any written support confirmations, screenshots of account status, and bank statements showing stops or final payments. If you do not receive confirmation or if charges continue after cancellation, escalate to the support channel in writing and consider the dispute steps under your bank/card provider and provincial consumer protection bodies.
What happens when you cancel
Spring states you may cancel the Foundation credit‑building program at any time with no cancellation fee. Cancellation should stop future membership or subscription billing, but account mechanics differ between payment‑based subscriptions and savings‑backed programs: for the Foundation program, Spring will automatically return refundable savings if your account is in good standing.
If you have an outstanding balance on the account, Spring's policy is to require the outstanding amount to be paid or to apply your savings toward that balance before any refund is issued. After cancellation you should retain access to copies of past statements for a period determined by Spring; request written confirmation of data retention and credit reporting actions if you need them for disputes or credit‑reporting corrections.
Will I get a refund?
Spring does not advertise a general statutory 14‑day right of withdrawal or an overall money‑back guarantee. Refunds are limited to refundable savings associated with the Foundation program and are conditional: if your account is in good standing, refundable savings will be automatically returned; if the account is outstanding, you must pay the outstanding amount or apply your savings to it first.
There is a regulatory exception in British Columbia: under a 2023 BCFSA‑led coordination and related undertakings, certain borrowers with agreements between April 8, 2016 and March 12, 2021 may be entitled to refunds and should have been notified by mid‑August of the applicable year; eligible borrowers who were not contacted were advised to reach out to the regulator or the company. See the BCFSA news release for details. BCFSA news release.
Spring Financial plans and pricing
| Plan | Price | Period | Features |
|---|---|---|---|
| Foundation Basic | C$37 | Bi‑weekly | Credit‑building reporting, monthly credit score updates, Bloom budgeting app, rent reporting, cancel anytime, part of savings toward guaranteed loan |
| Foundation Gold | C$74 | Bi‑weekly | All Basic features plus higher savings toward guaranteed loan, credit‑building reporting, Bloom budgeting app, rent reporting, cancel anytime |
| Bloom Premium (subscription) | C$11.99 | Monthly | Access to AI financial concierge (Oscar AI), budgeting insights, rent reporting, auto‑categorization, subscription tracking |
Your consumer rights in Canada
Spring does not indicate a standard 14‑day statutory right of withdrawal or a broad company refund policy on its public help pages; the company's refund exposure is therefore governed by the terms of the product you purchased and by applicable provincial and federal consumer protection laws. In practice, refunds from Spring are tied to program mechanics (e.g., refundable savings) rather than a general cancellation right.
If you believe there are unauthorized or continuing charges after cancellation you can dispute them with your payment provider (bank or card issuer) and report complaints to provincial consumer protection authorities. For matters in British Columbia, the BCFSA has taken regulatory action related to past agreements; other provinces have their own consumer protection and financial regulators that handle unfair practices and dispute escalation.
Customer experiences
Public reviews are mixed. Many customers on platforms such as Trustpilot praise quick approvals, helpful support, and smooth credit‑building experiences. Trustpilot.
At the same time there are recurring negative reports and some formal complaints describing confusion over the Foundation program mechanics, instances of charges continuing after cancellation, partial refunds, or disputes about savings returns. The Better Business Bureau and online forums include resolved complaints and user accounts of difficult interactions, and some customers have required refunds or regulatory intervention to resolve issues.
Documentation checklist
- Account details: full name, account or customer number, contact email and phone used with Spring.
- Proof of payments: bank/credit card statements showing bi‑weekly or monthly debits.
- Screenshots or copies of in‑app cancellation, support chat transcripts, and any email confirmations.
- Registered mail receipt and the dated, signed cancellation letter you mailed.
- If claiming eligibility under the B.C. undertaking, any correspondence from Spring or BCFSA indicating eligibility.
Common mistakes
Customers often assume cancellation will automatically trigger a full refund; with Spring, refunds are limited to refundable savings and may be offset by outstanding balances. For example, if you stop payments but have an outstanding account balance, Spring may apply your savings to that balance rather than issuing a separate cash refund.
Another common issue is relying solely on verbal or in‑app cancellation without documented proof; if charges continue, lacking a dated written cancellation and delivery proof makes disputes harder to resolve. Finally, some users have reported continuing charges after cancellation when they did not verify that the company processed the request.
Comparative recap
| Method | Refund | Difficulty |
|---|---|---|
| Cancel via account/app or online support | Possible - refundable savings returned if account in good standing; subject to outstanding balance rules and company processing. | Medium - convenient but may lack documentary proof unless you save confirmation. |
| Contact support by email/phone | Possible - same policy applies; get written confirmation to support any refund claim. | Medium - High - verbal confirmations can be harder to enforce; follow up in writing. |
| Send registered mail cancellation letter (raccomandata A/R) | Possible - ensures documented notice; refund eligibility remains subject to company policy and account standing. | Low - recommended for strongest proof of cancellation and timing. |
After cancelling
After you cancel, keep all records (screenshots, emails, registered‑mail receipt, bank statements) until you confirm the final account settlement and receipt of any refundable savings. If a refund does not arrive within a reasonable time, escalate in writing to Spring support, involve your bank or card issuer to dispute unauthorized charges, and consider filing a complaint with the provincial consumer protection agency or BCFSA if you are in British Columbia.
Useful reference pages: Spring Help Centre cancellation information (Spring Help Centre), the BCFSA news release on regulatory undertakings (BCFSA), and public user reviews for context (Trustpilot).
Address
Suite 600, Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia V7X 1M8, Canada