Funding and Withdrawals. 18.1 The Client may fund the Account by credit or debit card, wire transfer or other similar methods of money transfer acceptable by the Company from time to time in its absolute discretion. The Company does not guarantee that all the aforementioned transfer methods are available to be used in the country of residence of the Client.
Funding and Withdrawals. 2.01 Deposits must be made by the Contract Owner on behalf of an Annuitant to Us at Our Service Office. We have the right to decline future Deposits into an AAV as long as we provide 180 day Notice to the Contract Owner. In addition, We have the right to limit the amount of future Deposits subject to the Transfer Limit of Article 1.21. The Maximum Annual Deposit accepted on behalf of an Annuitant is shown on the Contract Specifications page.
Funding and Withdrawals. All funds sent via bank wire into your Account must originate from a bank account owned by you or your introducing broker, and the name on the bank account must match the name on your or the introducing broker’s Account. All fund withdrawals can only be transferred to the same bank account from which the funds originated unless you have initiated a change in bank account information with PYGG and the new bank account has cleared PYGG Compliance.
Funding and Withdrawals. Cash currency deposits are only accepted from the Trading Participant (not from a third- party depositing cash currency on behalf of a Trading Participant). Cash currency deposits are accepted via bank wire transfer (or future deposit methods as they become available and announced). All fiat currency withdrawals via bank wire transfer from a Trading Participant’s Cash Position Account can only be transferred to the Trading Participant’s pre-registered bank account, the Designated Bank Account. The initiation of a withdrawal request from a Cash Position Account is conducted through the Client Portal and with the option of multi-factor authentication as activated by the Trading Participant, will be deemed to be an authorization for BlockSettle to complete any such withdrawal to a Trading Participant’s Designated Bank Account. You will be able to view the balances in your Cash Position Account always during normal BlockSettle operations in the Client Portal, however BlockSettle cannot guarantee Trading Participants viewing access always because maintenance or other. Certain deposit or withdrawal requests for Cash Position Account(s) may not be processed outside of normal banking hours. We will provide each Trading Participant with email confirmations of all deposits into or withdrawals from a Trading Participant’s Cash Position Accounts. In certain situations, fiat currency deposits/withdrawals may be delayed by up to three (3) to five (5) business days in connection with planned or unplanned maintenance or downtime. Regardless of Trading Participant Type as defined in Section 4 above, the minimum initial deposit should be no less than EUR 1,000 equivalent in the currencies we offer the Services. You agree that BlockSettle may charge for both deposits and withdrawals and that such fee may change from time to time. You agree that any negative balances which occur as a result of fees will be honoured in full.
Funding and Withdrawals. Stablecoin currency deposits are only accepted from the Participant (not from a third-party depositing Stablecoin currency on behalf of a Participant). Stablecoin currency deposits are accepted via bank wire transfer (or future deposit methods as they become available and announced). All stablecoin currency withdrawals via bank wire transfer from a Participant’s Stablecoin Position Account can only be transferred to the Participant’s pre-registered bank account, the Designated Bank Account. The initiation of a withdrawal request from a Stablecoin Position Account is conducted through the Client Portal and with the option of multi-factor authentication as activated by the Participant, will be deemed to be an authorization for Leverex to complete any such withdrawal to a Participant’s Designated Bank Account. You will be able to view the balances in your Stablecoin Position Account always during normal Leverex operations in the Client Portal, however Leverex cannot guarantee Participants viewing access always because maintenance or other. Certain deposit or withdrawal requests for Stablecoin Position Account(s) may not be processed outside of normal banking hours. We will provide each Participant with email confirmations of all deposits into or withdrawals from a Participant’s Stablecoin Position Accounts. In certain situations, stablecoin currency deposits/withdrawals may be delayed by up to three
Funding and Withdrawals. The objective function of funding is to allow Public Investing users to add funds to and withdraw funds from their Investing Accounts with as little friction as possible, while limiting fraud and ACH returns. To do this, Public Investing offers 2 primary ways for users to fund their Investing Accounts: • ACH Funding and Withdrawals o To allow users to use ACH funding and withdrawals, Public Investing needs to collect user bank account and routing number to verify the user’s ownership of each external bank account in order to link that bank account to the Investment Account. Public Investing currently does this in two ways: ● Plaid log-in: our members log-in to their bank account using their online banking credentials. We verify the name on the bank account matches the name on their Public Investing Account. ● Micro-deposits: Users submit their bank account and routing number to Public Investing which passes such information to Apex, and Apex submits 2 micro-deposits into such bank account. The user is notified and is asked electronically by Public Investing to login to the App or Website and confirm those two deposit amounts to verify the user’s ownership of the external bank account. • Debit Card Funding o Our members will provide their debit card information, which will then allow such member to pull funds from the member’s checking account directly into their Investing Account. o We check to confirm that the name and ZIP code associated with a member’s bank account match the Investing Account. If they do, then we authorize the transaction. • We also accept wires and ACATS. • Some potential issues with funding that may arise, among others: o ACH reversals: when a member’s deposit is reversed either because there were insufficient funds in the member’s bank account or because the transaction was not properly authorized. In the event of an ACH reversal, any cash will be returned from the user’s Investing Account to the sending bank account and the member’s buying power will be reduced accordingly. If this removal leaves the Investing Account in a debit, the member will have 2 days to deposit additional funds to avoid having assets sold to cover the debit. Assets will be sold at the discretion of Public Investing and Apex. Public Investing may also restrict a member’s deposit, withdrawal, and investment abilities, or terminate and liquidate the Investment Account based on ACH Return activities. These determinations will also be made at the sole discretion o...
