Common use of APPLYING FOR AN ACCOUNT Clause in Contracts

APPLYING FOR AN ACCOUNT. 3.1 To apply for, and use, an Account relating to the Programme You must be at least 18 years of age and reside in EEA or UK. An Account may be applied for on the Website or App and via Your Account respectively. If you are applying for an account for a legal entity, you must be a statutory body or otherwise authorized to act on behalf of a legal entity, be over 18 years of age, and the legal entity must be domiciled in the EEA or UK. 3.2 Provided the Programme has been able to undertake KYC/KYB (as required) to a satisfactory standard as per the Programme AML Policy, which can be requested through customer services, You shall receive an activation confirmation by Your email or on Your App and You will be able to use the Account. 3.3 When applying for an Account on the Website or App, You will be prompted to create a username and password. You will need this username and password (collectively Your “Security Details” for the Account) to access Your Online Account and perform the following functions (as well as any other functions specified in the Website or App) online: i. change Your telephone number; ii. check Your Available Balance; iii. check Your Transaction Details; and iv. change Your Password. If You are creating an Account for a legal entity, enter the data for the legal entity. 3.4 You are permitted to have only one Account where the Available Balance of E-money, which may be redeemed, can be found. If we discover that You do have more than one Account, We may block Your Account without notice and terminate this Agreement with You forthwith. 3.5 The Account is pre-paid only that can only be used to redeem the Available Balance in Your Account. It has no function to apply for credit or an overdraft.

APPLYING FOR AN ACCOUNT. 3.1 3.1. To apply for, and use, an Account relating to the Programme You must be at least 18 years of age and reside in EEA or UK. An Account may be applied for on the Website or App and via Your Account respectively. If you are applying for an account for a legal entity, you must be a statutory body or otherwise authorized to act on behalf of a legal entity, be over 18 years of age, and the legal entity must be domiciled in the EEA or UK. 3.2 3.2. Provided the Programme has been able to undertake KYC/KYB (as required) to a satisfactory standard as per the Programme AML Policy, which can be requested through customer services, You shall receive an activation confirmation by Your email or on Your App and You will be able to use the Account. 3.3 3.3. When applying for an Account on the Website or App, You will be prompted to create a username and password. You will need this username and password (collectively Your “Security Details” for the Account) to access Your Online Account and perform the following functions (as well as any other functions specified in the Website or App) online: i. change Your telephone number; ii. check Your Available Balance; iii. check Your Transaction Details; and iv. change Your Password. If You are creating an Account for a legal entity, enter the data for the legal entity. 3.4 3.4. You are permitted to have only one Account where the Available Balance of E-money, which may be redeemed, can be found. If we discover that You do have more than one Account, We may block Your Account without notice and terminate this Agreement with You forthwith. 3.5 3.5. The Account is pre-paid only that can only be used to redeem the Available Balance in Your Account. It has no function to apply for credit or an overdraft.