Fiat Currency Deposits and Withdrawals. (A) Trust Company shall not accept, for the benefit of Client, Fiat Currency deposits from third parties. Fiat Currency deposits shall only be accepted from banks that have been approved through Trust Company’s BSA/AML program and are in the name of an individual or an institution named on the Custodial Account. This prohibition may be modified by mutual written agreement of Client and Trust Company in order to accommodate Client’s receipt of deposits from its subscribers and may be subject to additional terms, conditions, and fees.
Appears in 4 contracts
Samples: Bitgo Custodial Services Agreement (Akerna Corp.), Bitgo Custodial Services Agreement (XP Inc.), Bitgo Custodial Services Agreement (INX LTD)
Fiat Currency Deposits and Withdrawals. (A) Trust Company shall not accept, for the benefit of Client, Fiat Currency deposits from third parties. Fiat Currency deposits shall only be accepted from banks that have been approved through Trust Company’s BSA/AML program and are in the name of an individual or an institution named on the Custodial Account. This prohibition may be modified by mutual written agreement of Client and Trust Company in order to accommodate Client’s receipt of deposits from its subscribers and may be subject to additional terms, conditions, and fees.
Appears in 1 contract
Samples: Bitgo Custodial Services Agreement
