Electronic Money Account definition

Electronic Money Account means a virtual medium in the Customer’s System where the Customer’s Electronic Money is stored.

Electronic Money Account means the account held by an electronic money holder with an electronic money issuer for the conduct of electronic money transactions;

Electronic Money Account means electronic money account in IBAN format opened by the Payment Service Provider in the name of the Customer used to carry out Payment Transactions and customized to be operational for the Customer only via the Platform and having limited functionality in the manner described in this Agreement (if applicable). The Electronic Money Account may in no way be associated with a deposit account. The currency of the Electronic Money Account is indicated in the Platform during registration sign-up.

Examples of Electronic Money Account in a sentence

• An example of when an Order might be rejected is when you do not have sufficient funds in your Revolut Electronic Money Account to pay for that Order, or if the acceptance of an Order would breach a limit that we have placed on your Account.

• Any fees charged in connection with your Trades will be debited from your Revolut Electronic Money Account and paid to the Third Party Broker once your Orders have been executed or transmitted for execution by the Third Party Broker.

• You acknowledge and agree that we have the right to procure a deduction of value from your Revolut Electronic Money Account so as to effect payment for your Orders if we need to.

• However, you should be aware that, whilst your profits may be credited to your Revolut Electronic Money Account, you will not be able to withdraw those proceeds until such time the transaction arising as a result of your Order to sell the relevant Instruments has settled.

• When you submit an Order to buy an Instrument, an estimated amount you are required to pay in relation to that Order is blocked in your Revolut Electronic Money Account immediately on submission of the Order; the exact amount is then payable when the Order is executed.

More Definitions of Electronic Money Account

Electronic Money Account means an account maintained by an

Electronic Money Account or “E-money account” means the electronic money account provided by the Company to the client and operated pursuant to the terms of this Agreement and may be used in relation to Services including, between others, the issuance and redemption of electronic money and the execution of Payment Transactions.

Electronic Money Account means a virtual account in a particular currency, belonging to the Client and held with Argentex, where Electronic Money is stored.

Electronic Money Account means the electronic money issuer for the conduct of electronic money transactions;

Electronic Money Account means an account maintained by an Electronic Money Issuer. The term includes Custodian Accounts held by Custodian Banks on behalf of Electronic Money Institutions;

Electronic Money Account means a Payment Account on which Electronic Money is stored, and to which remote access is provided for the execution of payment transactions;

Electronic Money Account is the e-money account opened with the Payment Provider which you must use to pay for your trades and to receive any profits or other funds deriving from the closing of your Positions. We may refer to this as the “Emma Electronic Money Account” because we are making it available to you but we do not provide it as we are not an e-money issuer.