Common use of Onboarding Fee Clause in Contracts

Onboarding Fee. Following the submission of the Application Form, the Applicant will be requested to pay fifty percent (50%) of the Onboarding Fee due to Finductive prior to starting the Onboarding Process. Instructions of how to settle such Onboarding Fee will be given to the Applicant via e-mail. In the event that the Applicant successfully completes the Onboarding Process and a Payment Account is opened in the Account Holder’s name, the remaining of the Onboarding Fee becomes due and must be settled prior to activation of the Payment Account.

Onboarding Fee. Following the submission of the Application FormPreliminary Check set out in Clause 3.2.1 above, the Applicant will be requested to pay fifty percent (50%) of the Onboarding Fee is due by the Applicant to Finductive prior to starting the Onboarding Process. Instructions of how to settle such Onboarding Fee will be given to the Applicant via e-mail. In the event that the Applicant successfully completes the Onboarding Process and a Payment Account is opened in the Account Holder’s name, the remaining of the Onboarding Fee becomes due and must be settled prior to activation of the Payment Account.