Common use of Joint Wallets Clause in Contracts

Joint Wallets. The App enables You to create and/or use joint Wallets with other App users. If You use this functionality (either as the administrator or a User) You agree that: 8.2.1 Each individual with whom a joint Wallet is shared is required to be a registered User of Spot and have their own Spot Account and continue to abide by the terms of this Agreement. 8.2.2 The User that creates the joint Wallet is automatically assigned the ‘administrator’ function which means that, if You are the administrator, You are responsible for inviting other Users to contribute to the joint Wallet and for managing the Wallet payments or withdrawals in accordance with the instructions of the other Users. 8.2.3 If You are a User and not the administrator and You make payment into the joint Wallet, You understand that the administrator is solely responsible for making payments to or withdrawing funds from the joint Wallet. 8.2.4 It is Your sole responsibility to ensure that You invite the correct Users to participate in the joint Wallet and use the correct User contact details when sending funds to the joint Wallet. All Users of the joint Wallet agree to partake in the joint Wallet functionality and the assignment of the administrator thereof. Any dispute between the Users and/or administrator regarding the funds in the joint Wallet shall be between such parties neither Spot nor the Bank shall intervene in any such dispute. 8.2.5 Although Spot provides the functionality for the joint Wallet, neither Spot nor the Bank is able to control the actions of the administrator or the other Users of the joint Wallet and if You use the joint Wallet functionality (either as administrator or User). You are responsible for regularly reviewing Your and your groups’ savings and ensuring that they continue to suit Your needs. 8.2.6 You will not hold Spot or the Bank responsible for any loss or damage suffered by You or any third party due to funds being sent to the incorrect cell phone number or for the conduct of other Users or the administrator of the joint Wallet (whether such acts or omissions are performed in error, by negligence, fraud, wilful conduct or misuse).