Terms and Conditions

Terms and Conditions for the TechFinanceFinTrade Global Account (the “Agreement”)

Updated July 2022

The Global Account is offered by TechFinanceFinTrade or any of its corporate affiliates worldwide. The Global Account (“Global Account”) is a business account that enables you to receive funds from selected companies and commercial enterprises and to make outward payments to approved recipients. Your use of the Global Account is governed by the following Terms and Conditions and the Global Account Terms of Use, along with all policies and disclaimers provided herein (collectively, the “Terms”). “You” and “your” mean the person, persons, or entity receiving the account service as provided for in these Terms. In this agreement, “TFT”, “we”, “us,” or “our” refers to TechFinanceFinTrade or any of its corporate affiliates. TechFinanceFinTrade (company registration number 86736531) is a company incorporated in the Netherlands.

Access to and use of the Global Account is deemed by your acceptance of the Terms. This Agreement will remain in force until terminated by you or by us. You may terminate this Agreement at any time without charge by notifying us in writing or by email.

1. General Terms

The Global Account is available for use together with a unique identifying bank account number. These bank account numbers may be issued to you by TechFinanceFinTrade in conjunction with TFT’s banking partners. TechFinanceFinTrade will provide you with a user interface referred to as the TechFinanceFinTrade Platform (“TechFinanceFinTrade Platform”).

Your Global Account must be in good standing for continued access. If your Global Account is closed due to suspicious activity or for any other reason, funds received through the Global Account may be rejected and the funds returned to the sending entity. Any applicable costs or expenses will be borne by you. Failure to withdraw the remaining funds within the provided timeline may result in an administration fee being charged to you by us.

TechFinanceFinTrade will be entitled to withhold funds transferred to TechFinanceFinTrade if TechFinanceFinTrade has reasonable suspicion of fraudulent or criminal activity or if TechFinanceFinTrade reasonably considers that it is required to do so under any applicable law or regulation, or at the direction of any regulatory or other competent authority.

2. Communication

Where we need to contact you under this Agreement, we will do so by email, or telephone, using the details you most recently gave us. You must ensure that all information provided to us is accurate and up-to-date at all times. You must inform us of any changes by emailing us as soon as practicable, and in any event within 14 days of the change. If you do not, this may impact the services that we can offer you as you may miss notifications if we are sending messages to an old email address.

Where notice in writing is required under this Agreement, it may be sent by email. Email is deemed to be received when it was sent provided no message of non-delivery was received by the sender.

3. Receiving Payments

The Global Account has restrictions in place regarding the types of payments permitted, be they sent via local payment channels (e.g., SEPA in the Eurozone) or via telegraphic transfer. We only accept cross-border TT payments into IBAN accounts. All other accounts issued globally must only be used to receive local incoming payments. In addition, eCommerce and B2B inward payments and currencies supported are restricted by place of account issuance. Please refer to the settings tab within your Global Account for specific details of these restrictions.

Cash deposits and cheques are not supported under the Global Account. Upon Global Account approval, you will be required to request personalized bank account details.

4. Transfer of Funds

Funds cannot be withdrawn directly from these bank account numbers. All transfers of funds must take place from within your Global Account. Attempts to initiate a transfer of funds from the Global Account except via the TechFinanceFinTrade Platform will be rejected. Any unauthorized direct withdrawal from an underlying account will result in a request for the immediate return of funds and may result in the termination of your Global Account and legal action if necessary.

5. Keeping Your Global Account Safe

TechFinanceFinTrade will never ask you to provide your password to us or to a third party. Please contact Client Support, TFT’s client support team (“Client Support”), if anyone asks for your password. Never disclose your Global Account password to any third party. Keep your password safe and change it regularly. Do not ever let anyone access your Global Account or watch you access it.

We will only contact you using the email address that has been registered with us. You must make sure that your email account(s) are secure and is only accessed by you. Let Client Support know immediately if your email address becomes compromised. If you suspect your Global Account login details, password, or other security features are stolen, lost, used without authorization, or otherwise compromised, you are advised to change your password.