Payment Account Services Sample Clauses

Payment Account Services. E4F offers Clients a transactional Payment Account under ‘Payment Services’ activities as follows: (a) Receive funds into your Payment Account, and (b) Convert and move funds between supported currencies within your own Payment Account (c) Make payments to third-party E4F Payment Account holders (d) Make payments from your Payment Account to your own or third-party bank accounts worldwide 12.1 E4F do not store or holds funds and we are not a deposit taking institution. Clients are required to use the Payment Account as an active transactional account for payment and business purposes only.