Credit Report. As part of the account opening process, you acknowledge receipt of notice that reports about you may be obtained by us from credit reporting agencies. You also acknowledge that there may be an impact to your credit file as a result of us obtaining a credit report. You must have sufficient funds in your Account at the time of placing your order. Full and timely settlement will be made for each Transaction for your Account. You will pay to the Firm any charges, rates or fees, if applicable, in respect of each Transaction at the Firm’s prevailing rates, as established from time to time, and will pay to the Firm all other applicable Transaction charges and fees, including interest, which shall be calculated daily and compounded monthly, on outstanding indebtedness at the interest rate designated from time to time by the Firm. Charges, rates and fees are set forth in the Wealthsimple Investments Inc. Fee Schedule for Self-Directed Accounts, as amended from time to time (WSII Fee Schedule). The WSII Fee Schedule is available on the Firm’s Website at xxxxx://xxx.xxxxxxxxxxxx.xxx/xx-xx/xxxxx/xxxx/xxxxx. You authorize the Firm to withdraw any applicable fees directly from your Account. For greater certainty, any withdrawal contemplated hereunder will be based on the aggregate value of all of your Accounts (including your USD Account, if applicable). You will be responsible for all obligations arising out of the Account, including those authorized by any person you have appointed as your authorized agent, and all obligations under any agreement or agreement for access to services provided by third parties, including any affiliate that is controlled by, or under common control with, the Firm (each, a Wealthsimple Affiliate). We may also put a hold on your Account to verify new or updated personal information regarding your Account, and we may maintain the hold until we confirm this information (which confirmation may require supporting documentation from you). When we receive new or updated personal information concerning your Account, we may put a hold on your Account in order to verify this information. We may also request supporting documentation so that we can confirm updated or new information. We may maintain the hold on your Account until your updated or new personal information can be confirmed. We may extend the maximum hold period if we have reasonable grounds to believe there may be illegal or fraudulent activity in relation to an Account.
