One-Time Onboarding Fee definition
One-Time Onboarding Fee refers to the fees for establishing Client as an Anchorage customer, including KYC/AML processes; one in-person training session; Authorized Person onboarding; and remote training for up to ten (10) individuals. Credit, if any, may be applied to Client Fees only above the Monthly Minimum Fee, and will be applied fully each month until the credit has been fully expended within the Initial Term. Any remaining credit after the Initial Term shall be forfeited.
Examples of One-Time Onboarding Fee in a sentence
Monthly Custody Fee Less than $500m 8 One-Time Onboarding Fee $0.00.