Opening Your Account Sample Clauses
The 'Opening Your Account' clause defines the process and requirements for establishing a new account with the service provider. It typically outlines the information and documentation that must be provided by the applicant, such as identification, contact details, and possibly proof of address. This clause ensures that both parties understand the necessary steps and conditions for account creation, helping to prevent misunderstandings and ensuring compliance with legal or regulatory obligations.
Opening Your Account. 4.1 Your Account will be opened on your behalf by the Partner Platform. You may only hold an Account so long as you remain an approved client of the Partner Platform that provided you with your account details.
Opening Your Account. 2.1 You must deposit a minimum of £25,000 or the currency equivalent of £25,000 if you open your account in euro or US dollars.
2.2 Once we open your account, we will send you confirmation of the interest rate, when interest will be paid, the currency and amount of the deposit, and the deposit term. This confirmation will form part of our agreement with you for your account. Once you receive this confirmation, you will not be able to cancel your account.
Opening Your Account. You must deposit a minimum of £25,000. The maximum amount you can hold in the account is £2,000,000.
Opening Your Account. When you apply to open your account, you will be asked to select a notice period and an immediate access percentage (this is the percentage used to calculate the maximum immediately available balance).
Opening Your Account. 2.1. Our accounts are available to UK-based businesses meeting the eligibility criteria set out below and in the Business Rewards Account Key Product Information. The application must be completed by an authorised individual of the consent from the owners and/or directors of the business that we can undertake appropriate data checks to validate their identity. We may require proof of authorisation to open the account and the consent to undertake checks, for example a board resolution (or equivalent).
2.2. The Account Holder will be the business named on the application for the account.
2.3. We will verify the Account Holder’s identity and address, and those of persons closely connected with your business (e.g. persons having significant control of your business) so that we can carry out anti-money laundering, fraud and credit checks in relation to your business. We may undertake additional screening checks. These will generally be undertaken electronically using an appropriate external agency and/or by asking for documentary evidence. We also reserve the right to carry out further due diligence checks at any time whilst you have an account with us.
2.4. We will also undertake searches on your business and use publicly held records to verify the business details.
2.5. We reserve the right to refuse to open an account if we deem that you have not provided satisfactory account opening details.
2.6. Your Allica account may only be used for business purposes. The account is not to be used for any other purposes.
2.7. You confirm that any money you deposit is not the proceeds of any criminal offence, whether committed by you or by another person, or connected to any other type of illegal activity. We reserve the right to refuse to accept payments into the account.
2.8. Within the normal course of business, we may review and withdraw a product from our range without notice and refuse to accept any further applications. Once you have submitted your application, we may no longer be able to offer you the product that you have applied for, and we reserve the right to refuse your application. Where we cannot offer you a product on the terms that you applied for, we may offer to open a product on different terms.
Opening Your Account. 3.1 We will open your account when we have all required information.
3.2 You must answer all the questions on the Agreement form(s) and the online suitability assessment tool, so that we can match our Services to your investment objectives and personal attitude to risk. If you do not complete all sections we may be unable to provide any Services to you. You must also inform us in a timely basis where these circumstances change.
3.3 You will be responsible for providing us with any documents that we require.
Opening Your Account. 3.1 We have duties under laws concerning money laundering, financing of terrorism and taxation to ask you, or someone opening an Account on your behalf (legal representative), for certain information about you and/or the person opening the Account for you. Unless we already have it, you and/or the person opening the Account for you will need to provide us with information to identify each or any of you and proof of your permanent address. We may also need documentation to prove your relationship with the person opening the Account on your behalf. Your Account may not become active until we have received and approved these documents. In advance of your Account becoming operational, you may not be able to make any payments to or from your Account and credit interest will not be accrued or credited to your Account.
3.2 Before you can open an Account, we need you to provide certain information to enable us to comply with our tax reporting obligations including your tax residence details, and may need you to provide additional information and/or documentation. any change to relevant details including where your tax residency changes.
3.3 We reserve the right to not open an account.
Opening Your Account. 6.1. Your Account will be opened on your behalf by the Platform. You may only hold an Account so long as you remain an approved client of the Platform that provided you with your account details.
Opening Your Account. 2.1. When you apply to open your account, you will be asked to select a notice period and an immediate access percentage (this is the percentage used to calculate the maximum immediately available balance).
2.2. You may open more than one Notice Plus Account, but no two accounts can have the same notice period.
Opening Your Account. 3.1 You must deposit a minimum of £25,000. The maximum amount you can hold in the account is £2,000,000.
3.2 If you wish to add amounts in addition to the amount maturing in a current Fixed Term Deposit, you can do so provided we received cleared funds from you no later than 5pm on the last working day before the Start Date communicated to you at the time of application. We will return to you any funds that have not cleared by that time, without interest. Any funds deposited before the Start Date in addition to an amount maturing in a current Fixed Term Deposit will be held in an E-asy Access Account or Voyage account in your name and earn interest accordingly.
3.3 Unless you have told us that you already hold an E-asy Access Account or Voyage account in your name(s), we will also open an E-asy Access Account in your name(s) when we open your 3 Year Base Rate Plus (release 2).
3.4 The E-asy Access Account has its own additional conditions, which we will make available to you before you apply for your 3 Year Base Rate Plus (release 2). The additional conditions set out here relate only to how your 3 Year Base Rate Plus (release