Using the Wallet Clause Samples

Using the Wallet. 7.1. You can use the Wallet subject to the Fees which you can find in the Fee Schedule. The Fees will be deducted from the Available Balance as they are charged to you. 7.2. Unless we tell you otherwise, you can login to the Wallet anywhere. 7.3. You must not use the Wallet for any illegal purposes (and if you do undertake any of the following activities you will breach of an important part of this Agreement meaning we can suspend the Wallet, restrict its functionality or terminate this Agreement with immediate effect under clause 10.4(b)x).

Using the Wallet. 5.1. You can use the Wallet subject to the Fees which you can find in the Fee Schedule. The Fees will be deducted from the Available Balance as they are charged to you. 5.2. You can receive funds into the Wallet by electronic funds transfer using CHAPS, Faster Payments and any other payment type as notified by us to you from time to time. We will credit the Wallet when we receive the funds. 5.3. The Wallet can also receive internal transfers from other Wallets owned or controlled by you, which apply instantly. 5.4. The Wallet will not be credited if: (a) the Wallet is suspended, restricted or terminated; (b) the sender has provided incorrect/invalid Wallet details for the Wallet; or (c) we suspect the transfer to be fraudulent. 5.5. If we are unable to credit the Wallet for any of the reasons in clause 5.4 then the funds may be sent back to the sender without us notifying you beforehand. 5.6. In order to manage our risk, particularly with respect to money laundering, fraud or security concerns, we also apply internal controls, including limits, to certain types of payment. We change these as necessary but for security purposes, we may or may not disclose them to you. 5.7. You can send funds from the Wallet to external bank accounts using Faster Payments, CHAPS and other methods which we notify you about from time to time. 5.8. If for any reason whatsoever a Transaction is carried out, but the amount is greater than the Available Balance, you must pay us the difference immediately. If you don’t pay us after receiving a notification from us, we reserve the right to take all necessary steps to recover the difference, including taking legal action. We may charge the amount of the difference against any funds on the Wallet, including any funds that are loaded at a later date. We may arrange for the Wallet to be suspended until we are reimbursed with the difference. 5.9. The Wallet will be terminated if you use it for any illegal purposes, in accordance with clause 10.4(b)iv. 5.10. The Available Balance on the Wallet will not earn any interest. 5.11. You are not permitted to set up Direct Debits from the Wallet.