Common use of MONEYS IN THE ACCOUNT Clause in Contracts

MONEYS IN THE ACCOUNT. Any moneys held for you, other than cash to be on-paid in settlement of transactions for your Account or to you, will be credited to a client trust account maintained with a licensed bank as required by applicable laws from time to time. SoFi HK may at its option retain all interest accrued on such amounts held by SoFi HK for or on account of you or pay to you (either by way of accrual in the Account or otherwise determined by SoFi HK) interest on such amounts at such rate as it may in its discretion determine and notify to you (whether in writing, verbally or through the Internet).