Account use limitations Sample Clauses

Account use limitations. At the Issuer’s discretion, a User who has not provided all the required documents as listed below may be expressly authorised by the Issuer to use his/her Account for the purchase of goods or services up to a limit of 2,500 Euros of Electronic Money held by a User within the same civil year, provided that this Electronic Money has not been subject to requests for reimbursement exceeding 1,000 Euros per civil year. Upon receipt of all the documents listed below and provided that they are deemed satisfactory by the Issuer, the User may initiate reimbursements exceeding 1,000 Euros per civil year and hold an amount of Electronic Money exceeding 2,500 Euros per civil year. These Reimbursements will only be granted if the purchase or Reimbursement of Electronic Money is carried out to or from an account opened in the User’s name with Payment Services Provider established in a European Union Member State or in a state party to the agreement on the European Economic Area or in a third country that imposes the equivalent requirements regarding money laundering and the financing of terrorism. The documents required for any User who is a natural person in accordance with the above are as follows: - A copy of an official and valid identity document (e.g. identity card, driving licence, or a passport for nationals of a country outside the European Union), - And, on request, a proof of residence which is less than 3 months old. The documents required for any User who is a legal person in accordance with the above are as follows: - An original or copy of an extract of the official register, less than three months old and stating the name, legal form, head office address and the identities of associates and executives; - A certified copy of the statutes and any decisions appointing the legal representative; - A copy of the legal representative’s identity card or passport and, where appropriate, of the beneficial owner. It is expressly provided that the Issuer retains the right to request at any time additional documents regarding the User, the Beneficiary, the beneficial owner or any Payment Transaction or Reimbursement. The Beneficiary is considered to be the beneficial owner as defined in the regulations. Where appropriate, the Beneficiary agrees to provide his/her email address, date of birth and nationality, as well as the postal address of the person to whom the Beneficiary will pay the funds.