Global Account Terms of Use

Updated September 2020

Incoming Payments

Incoming payments to your Global Account must be in the form of a bank transfer and be related to your business operations.

Cheques, cash, and/or payments from personal (non-business) accounts are not accepted. An exception to the latter is outlined in section 4.
Sanctioned Countries and Banks

We will not accept incoming payments or approve outward payment requests from or to sanctioned countries, jurisdictions or banks. A list of these countries and jurisdictions has been provided with this notice.

Violation of this policy is grounds for immediate closure of your Global Account and your funds may be frozen.
High Risk Countries/Jurisdictions

We will not accept incoming payments or approve outward payment requests from or to high risk countries or jurisdictions. A list of these countries and jurisdictions has been provided with this notice.
Deposits

Unless self-funded deposits have a predestination or predetermined purpose, they are not permitted. This is because Currenxie is not a deposit taking Financial Institution or Bank.

A self-funded incoming payment is defined as a payment that is sent to your Global Account from your own company, your company’s shareholders and/or your company’s directors or employees.

Sanctioned Countries/Jurisdictions:

Countries/Jurisdictions Considered High Risk:

We reserve the right to amend this list at any time.