Payments and Withdrawals. I agree that any Payments that I make from My Account will be lawful. I agree that Payments will be deducted from the Available Funds in My Account in the following order: first, from free credit balances; second, by withdrawal of funds deposited to Participating Depository Institutions as part of the Sweep Service; and third, if My Account has margin privileges, from margin loans on the eligible securities in My margin Account. Robinhood will debit My Account only up to an amount equal to the Available Funds. I understand and agree that (i) if there are insufficient Available Funds in My Account to cover Payments when they become due, Robinhood has no obligation to make such Payments, and (ii) Robinhood has no obligation to make partial Payments. Robinhood will not charge a fee with respect to any declined Payment for which there were insufficient Available Funds. I acknowledge and agree, however, that Robinhood will not be responsible for any costs or losses that I may incur (including fees, costs, charges, attorneys’ fees, investment losses, claims, demands, or liability resulting from any litigation or other actions) as a result of ▇▇▇▇▇▇▇▇▇’s decision to decline any Payment or withdrawal or other transaction because My Account has insufficient Available Funds. I understand that if a Payment is funded by a margin loan, I will incur interest until the margin loan is repaid. I agree that if my Available Funds at any time falls below zero, Robinhood may suspend Card and EFT privileges and terminate My Card. If this occurs, I agree to immediately pay all amounts owed to Robinhood, including any purchases on My Card which will be immediately charged to My Account. I acknowledge and agree that Robinhood reserves the right to decline any purchase or cancel My Card, and EFT privileges at any time for any reason with or without notice to Me. If ▇▇▇▇▇▇▇▇▇ decides to take such action, I understand and agree that I am responsible for any pending debits, which will be processed and deducted from My Account. I understand that transactions will post to My Account in any order determined by Robinhood and that Robinhood may change that order without prior notice to Me. Robinhood will comply with requirements of applicable law regarding the order of posting transactions.
Appears in 3 contracts
Sources: Customer Agreement, Customer Agreement, Customer Agreement
Payments and Withdrawals. I agree that any Payments that I make from My Account will be lawful. I agree that Payments will be deducted from the Available Funds in My Account in the following order: firstfirst, from free credit balances; second, by withdrawal of funds deposited to Participating Depository Institutions as part of the Sweep Service; and third, if My Account has margin privileges, from margin loans on the eligible securities in My margin Account. Robinhood will debit My Account only up to an amount equal to the Available Funds. I understand and agree that (i) if there are insufficient insufficient Available Funds in My Account to cover Payments when they become due, Robinhood has no obligation to make such Payments, and (ii) Robinhood has no obligation to make partial Payments. Robinhood will not charge a fee with respect to any declined Payment for which there were insufficient insufficient Available Funds. I acknowledge and agree, however, that Robinhood will not be responsible for any costs or losses that I may incur (including fees, costs, charges, attorneys’ ' fees, investment losses, claims, demands, or liability resulting from any litigation or other actions) as a result of ▇▇▇▇▇▇▇▇▇’s Robinhood's decision to decline any Payment or withdrawal or other transaction because My Account has insufficient insufficient Available Funds. I understand that if a Payment is funded by a margin loan, I will incur interest until the margin loan is repaid. I agree that if my Available Funds at any time falls below zero, Robinhood may suspend Card and EFT privileges my ability to make Payments and terminate My Card. If this occurs, I agree to immediately pay all amounts owed to Robinhood, including any purchases on My Card which will be immediately charged to My Account. I acknowledge and agree that Robinhood reserves the right to decline any purchase or cancel My Card, and EFT privileges Payments at any time for any reason with or without notice to Me. If ▇▇▇▇▇▇▇▇▇ Robinhood decides to take such action, I understand and agree that I am responsible for any pending debits, which will be processed and deducted from My Account. I understand that transactions will post to My Account in any order determined by Robinhood and that Robinhood may change that order without prior notice to Me. Robinhood will comply with requirements of applicable law regarding the order of posting transactions.
Appears in 2 contracts
Sources: Customer Agreement, Customer Agreement
Payments and Withdrawals. I agree that any Payments that I make from My Account will be lawful. I agree that Payments will be deducted from the Available Funds in My Account in the following order: first, from free credit balances; second, by withdrawal of funds deposited to Participating Depository Institutions as part of the Sweep Service; and third, if My Account has margin privileges, from margin loans on the eligible securities in My margin Account. Robinhood will debit My Account only up to an amount equal to the Available Funds. I understand and agree that (i) if there are insufficient Available Funds in My Account to cover Payments when they become due, Robinhood has no obligation to make such Payments, and (ii) Robinhood has no obligation to make partial Payments. Robinhood will not charge a fee with respect to any declined Payment for which there were insufficient Available Funds. I acknowledge and agree, however, that Robinhood will not be responsible for any costs or losses that I may incur (including fees, costs, charges, attorneys’ ' fees, investment losses, claims, demands, or liability resulting from any litigation or other actions) as a result of ▇▇▇▇▇▇▇▇▇’s Robinhood's decision to decline any Payment or withdrawal or other transaction because My Account has insufficient Available Funds. I understand that if a Payment is funded by a margin loan, I will incur interest until the margin loan is repaid. I agree that if my Available Funds at any time falls below zero, Robinhood may suspend Card and EFT privileges my ability to make Payments and terminate My Card. If this occurs, I agree to immediately pay all amounts owed to Robinhood, including any purchases on My Card which will be immediately charged to My Account. I acknowledge and agree that Robinhood reserves the right to decline any purchase or cancel My Card, and EFT privileges Payments at any time for any reason with or without notice to Me. If ▇▇▇▇▇▇▇▇▇ decides to take such action, I understand and agree that I am responsible for any pending debits, which will be processed and deducted from My Account. I understand that transactions will post to My Account in any order determined by Robinhood and that Robinhood may change that order without prior notice to Me. Robinhood will comply with requirements of applicable law regarding the order of posting transactions.
Appears in 2 contracts
Sources: Customer Agreement, Customer Agreement
Payments and Withdrawals. I agree The Client may deposit by either a Debit/Credit Card, by making a Wire Transfer, or any other available Electronic Payment System (Skrill, Neteller, etc.) at any time and in your name. Third party or anonymous payments shall not be accepted. If the Company is not satisfied that you are the sender of the money it reserves the right to reject the money and return it to the remitter less any Payments that I make from My Account will transfer fees or other charges, the Company further reserves the right to terminate your account held with Us with immediate effect. You may be lawfulrequired to submit additional documentation as required under our Anti-Money Laundering obligations or any similar applicable regulations to Us should an investigation arise, and it is at the discretion of the Company to charge a fee of Euro thirty (30) to your account with Us. I agree that Payments will For Debit/Credit Card deposits, we request both sides of the bank card. The front side must contain the first 6 digits and the last 4 digits of the card number, cardholder’s name, and expiry date. For security purposes, we request clients to cover the CVC/CVV codes at the back side. For Wire Transfers, the Client’s personal account should be deducted from the Available Funds in My Account used – an account at a bank in the following order: first, country of the Client’s permanent residence – as per the relevant legal requirements. You agree when we so request to pay any bank transfer fees incurred when you are withdrawing funds from free credit balances; second, your account or when funds are re-funded by withdrawal of funds deposited us to Participating Depository Institutions as your designated bank account. The Client has the right to withdraw any part of the Sweep Service; and third, if My Account has margin privileges, from margin loans on the eligible securities in My margin Account. Robinhood will debit My Account only up to an amount Funds equal to the Available Funds. I understand and agree that (i) if there are insufficient Available Funds free margin available in My Account the trading account subject to cover Payments when they become due, Robinhood has no obligation to make such Paymentsany applicable restrictions regarding its operation, and any other right or limitation on such withdrawal. We reserve the right to reject a withdrawal request in case we have reasonable grounds to believe that the said instruction is being placed to abuse our Negative Balance Protection Policy (ii‘NBP’) Robinhood has no obligation or that such request may not be legitimate. Under such circumstances there may be a delay with processing the transaction, and/or the transaction may be rejected. Otherwise, all Withdrawal requests are processed within the same business day. All withdrawals, either in part or in full of the funds you deposit with us are sent to make partial Paymentsthe same source where the funds came from. Robinhood will not charge a fee with respect Where we are unable to do so, for whatever reason, and subject to any declined Payment for which there were insufficient Available Funds. I acknowledge and agreerestriction under the regulatory regime, howeverwe shall return the funds as requested, that Robinhood will not be responsible for net of any costs or losses that I may incur (including transfer fees, costs, charges, attorneys’ fees, investment losses, claims, demands, or liability resulting from any litigation charges or other actions) as deductions, incurred by us using a result of ▇▇▇▇▇▇▇▇▇’s decision method that our Company will deem appropriate; Our Company may request supporting documentation prior to proceeding with such withdrawals. The account used for deposit, shall be the account where the funds withdrawn shall be consequently returned. The Company reserves the right to accept or decline any Payment or deposit and/or withdrawal or other transaction because My Account has insufficient Available Fundsrequest by you depending on the payment method you choose, and we may suggest you an alternative method. I understand that if a Payment is funded by a margin loanFurther, I will incur interest until the margin loan is repaid. I agree that if my Available Funds at any time falls below zero, Robinhood may suspend Card and EFT privileges and terminate My Card. If this occurs, I agree to immediately pay all amounts owed to Robinhood, including any purchases on My Card which will be immediately charged to My Account. I acknowledge and agree that Robinhood reserves we reserve the right to decline any purchase or cancel My Card, and EFT privileges at deposit and/or withdrawal request which we believe that may lead to a breach of any time for any reason with or without notice to Me. If ▇▇▇▇▇▇▇▇▇ decides to take such action, I understand and agree that I am responsible for any pending debitslegal and/or regulatory obligation, which prevails in any case. This includes cases where we are not satisfied with the documentation provided by you. Therefore, we reserve the right to return the transaction, net of any transfer fees, charges, or other deductions, incurred by us. You hereby accept that sometimes we might be unable to provide you with an explanation as to why we cannot proceed with your request. In case you receive money from us by mistake, you hereby agree to return such amount back to us, deducting the transaction fees from the whole amount. You will be processed requested to provide the receipt and deducted from My Accountthe transfer of such amount through your bank statement/transaction history or the transaction history of any other payment method through which you have received such amount. I understand that transactions will post to My Account in any order determined by Robinhood and that Robinhood may change that order without prior notice to Me. Robinhood will In case you do not comply with this clause we have the right to officially claim the amount in full and proceed to court. The company reserves the right to impose a fee in case it detects at its sole discretion any form of abuse of the provisions of the withdrawal, abuse of any form against the Company during the business relationship or absence of trading activity. In the latter case, if you submit a withdrawal request, the company reserves the right to charge you the amount equivalent to any bank fees paid by the company, or 3% of the total withdrawal amount. In the event that the Client instructs the Company to close the Client’s Trading Account, the net amount payable to the Client shall be the balance amount less any and all bank charges provided the balance amount is greater than the bank charges; if not, then the Client agrees he will not receive any amount and the account will be closed without any further transfer of funds taking place. Please, be informed that if the Client’s card currency differs from the Client’s account currency, a deviation of the withdrawn amount from the deposited one may occur, due to exchange rate fluctuations and other charges imposed by the payment service provider. Once received your money shall be deposited in segregated client funds accounts maintained by us with reputable payment institutions and payment providers as we are obliged to under applicable laws and regulations. In the event you wish to withdrawal funds from your trading account we shall process your request within the time frame indicated on our website here if the following requirements of applicable law regarding are met: Your request includes all necessary information. It is on your name. You have provided full identification documents as may be requested by us to support your instruction as per our regulatory obligations. As per our Anti-Money Laundering regulatory obligations and/or procedures any withdrawal request will be paid to the order of posting transactionssame individual that originally deposited money with us via any payment method used by the Client when the trading account was initially funded. It is a serious criminal offence to provide false or inaccurate information during your credit/debit card registration. We have ad will continue to develop any tools necessary to identify credit/debit card fraud. Dispute arising from such fraudulent activity will be resolved in Our absolute discretion.
Appears in 1 contract
Sources: Client Agreement
Payments and Withdrawals. I agree that any Payments that I make from My Account will be lawful. I agree that Payments will be deducted from the Available Funds in My Account in the following order: first, from free credit balances; second, by withdrawal of funds deposited to Participating Depository Institutions as part of the Sweep Service; and third, if My Account has margin privileges, from margin loans on the eligible securities in My margin Account. Robinhood will debit My Account only up to an amount equal to the Available Funds. I understand and agree that (i) if there are insufficient insu ficient Available Funds in My Account to cover Payments when they become due, Robinhood has no obligation to make such Payments, and (ii) Robinhood has no obligation to make partial Payments. Robinhood will not charge a fee with respect to any declined Payment for which there were insufficient insu ficient Available Funds. I acknowledge and agree, however, that Robinhood will not be responsible for any costs or losses that I may incur (including fees, costs, charges, attorneys’ ' fees, investment losses, claims, demands, or liability resulting from any litigation or other actions) as a result of ▇▇▇▇▇▇▇▇▇’s Robinhood's decision to decline any Payment or withdrawal or other transaction because My Account has insufficient insu ficient Available Funds. I understand that if a Payment is funded by a margin loan, I will incur interest until the margin loan is repaid. I agree that if my Available Funds at any time falls below zero, Robinhood may suspend Card and EFT privileges and terminate My Card. If this occurs, I agree to immediately pay all amounts owed to Robinhood, including any purchases on My Card which will be immediately charged to My Account. I acknowledge and agree that Robinhood reserves the right to decline any purchase or cancel My Card, and EFT privileges at any time for any reason with or without notice to Me. If ▇▇▇▇▇▇▇▇▇ decides to take such action, I understand and agree that I am responsible for any pending debits, which will be processed and deducted from My Account. I understand that transactions will post to My Account in any order determined by Robinhood and that Robinhood may change that order without prior notice to Me. Robinhood will comply with requirements of applicable law regarding the order of posting transactions.
Appears in 1 contract
Sources: Customer Agreement
Payments and Withdrawals. I agree that any Payments that I make from My Account will be lawful. I agree that Payments will be deducted from the Available Funds in My Account in the following order: firstfirst, from free credit balances; second, by withdrawal of funds deposited to Participating Depository Institutions as part of the Sweep Service; and third, if My Account has margin privileges, from margin loans on the eligible securities in My margin Account. Robinhood will debit My Account only up to an amount equal to the Available Funds. I understand and agree that (i) if there are insufficient insufficient Available Funds in My Account to cover Payments when they become due, Robinhood has no obligation to make such Payments, and (ii) Robinhood has no obligation to make partial Payments. Robinhood will not charge a fee with respect to any declined Payment for which there were insufficient insufficient Available Funds. I acknowledge and agree, however, that Robinhood will not be responsible for any costs or losses that I may incur (including fees, costs, charges, attorneys’ ' fees, investment losses, claims, demands, or liability resulting from any litigation or other actions) as a result of ▇▇▇▇▇▇▇▇▇’s Robinhood's decision to decline any Payment or withdrawal or other transaction because My Account has insufficient insufficient Available Funds. I understand that if a Payment is funded by a margin loan, I will incur interest until the margin loan is repaid. I agree that if my Available Funds at any time falls below zero, Robinhood may suspend Card and EFT privileges and terminate My Card. If this occurs, I agree to immediately pay all amounts owed to Robinhood, including any purchases on My Card which will be immediately charged to My Account. I acknowledge and agree that Robinhood reserves the right to decline any purchase or cancel My Card, and EFT privileges at any time for any reason with or without notice to Me. If ▇▇▇▇▇▇▇▇▇ Robinhood decides to take such action, I understand and agree that I am responsible for any pending debits, which will be processed and deducted from My Account. I understand that transactions will post to My Account in any order determined by Robinhood and that Robinhood may change that order without prior notice to Me. Robinhood will comply with requirements of applicable law regarding the order of posting transactions.
Appears in 1 contract
Sources: Customer Agreement