Withdrawals and fees Sample Clauses

The 'Withdrawals and fees' clause defines the rules and conditions under which funds can be withdrawn from an account and outlines any associated charges. It typically specifies the methods available for making withdrawals, any limits or restrictions on withdrawal amounts or frequency, and details the types and amounts of fees that may be incurred, such as transaction or processing fees. This clause ensures that both parties understand the costs and procedures related to accessing funds, thereby promoting transparency and helping to prevent disputes over unexpected charges or denied withdrawals.
Withdrawals and fees. 3.1 If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. Required Number of Lots = Credit Token Amount * 0.5 One Lot shall be 100 000 (one hundred thousand) Units of trading currency 3.2 Trades under 5 min/ “scalping” – can be subjected to cancellation and the account can be suspended until the Risk committee decides further action. 3.3 If the Client has accepted a Credit Token equal to at least 50% of the Client’s deposit amount and has not achieved a trading volume equal to the Required Number of Lots divided by 4, any withdrawals that the Client makes will be subject to an additional withdrawal fee equal to 20% of the Client’s Withdrawal Amount. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token and profit will become null and void and the Client’s losses, if any, will be deducted from the funds available for withdrawal. 3.4 Credit Tokens awarded by Nexus P Capital must be used to place trades. If a client has not achieved a turnover equivalent to the Required Number of Lots divided by 4 within 3 months of receiving a Credit Token, Nexus P Capital has the right to cancel the Credit Token and remove it from the Client's account. 3.5 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading losses, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits less the Client’s total trading losses. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token will become null and void, and the Client’s total losses will be deducted from the funds available for withdrawal. 3.6 If the Client has accepted a Credit Token, has not achieved the Required Number of Lots and has made trading profits, the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token amount will become null and void, the Client’s profits will be forfeited, and only the Client’s deposited funds will be available for withdrawal. 3.7 Clients can only make withdrawals provided they have no positions open at the time of making a withdrawal request. 3.8 Exam...
View SourceView Similar (3)
Withdrawals and fees. ● 4.1. If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. One lot shall be 100 000 (one hundred thousand) Units of trading currency
View SourceView Similar (2)
Withdrawals and fees. ● 4.1. If the Client has accepted a Credit Token and achieved the “Required Number of Lots” (calculated in accordance with the formula set out below), the Client’s Withdrawal Balance is calculated as the sum of the Client’s deposits, the Client’s Credit Tokens and the Client’s net trading profits. One lot shall be 100 000 (one hundred thousand) Units of trading currency ● 4.2. Trades under 5 min/ “scalping” – can be subjected to cancellation and the account can be suspended until the Risk committee decides further action. ● 4.3. If the Client has accepted a Credit Token equal to at least 50% of the Client’s deposit amount and has not achieved a trading volume equal to the Required Number of Lots divided by 4, any withdrawals that the Client makes will be subject to an additional withdrawal fee equal to 50% of the Client’s Withdrawal Amount. In the event of the Client wishing to make a withdrawal under these circumstances, the Client’s Credit Token and profit will become null and void and the Client’s losses, if any, will be deducted from the funds available for withdrawal.
View Source
Withdrawals and fees. You may withdraw cash at any ATM that accepts Mastercard, or which supports either Maestro or Interlink systems. • You will not be charged ATM transaction fees while using an Allpoint ATM. Current location for Allpoint ATMs can be found using the SoFi Mobile App. You are responsible for any fees charged by ATM operators when using ATMs which are not in the Allpoint network, including fees for balance inquiries even if you do not complete a cash withdrawal. Note that SoFi Securities may, at any time in its sole discretion, or based on changes agreed to with Allpoint, limit, suspend, change or terminate its ATM policy. Any changes to the ATM policy will be described on the SoFi Website, the SoFi Mobile App and/or on the SoFi Rate Sheet. For Legacy Accounts, SoFi will continue to apply its prior ATM fee reimbursement policies. Please note that SoFi reserves the right to reverse or alter this policy with respect to its Legacy Accounts at any time in its sole discretion. • P2P Transfers. You can send money to other Sofi Money Customers or to friends or family with accounts at other U.S. financial institutions using the SoFi Money P2P Transfer Service. No P2P Transfers or wire transfers are permitted to outside of the United States. • Check Writing. You can write checks using your SoFi Money Account checkbook. • Bill Pay Payments. You can pay bills electronically using the SoFi Money Bill Pay Service.
View Source

Related to Withdrawals and fees

  • Withdrawals Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.

  • Withdrawals From Escrow Account Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

  • Deposits and Withdrawals 22.1 The Client may deposit funds into the Client Account at any time during the course of this Agreement. Deposits will be made via the methods and in the currencies accepted by the Company as amended from time to time. The detailed information about deposit options is shown on the Website. 22.2 The Company shall have the right to request the Client at any time any documentation to confirm the source of funds deposited into the Client Account. The Company shall have the right to reject a deposit of the Client if the Company is not duly satisfied as to the legality of the source of funds. 22.3 If the Client makes a deposit, the Company shall credit the relevant Client Account with the relevant amount actually received by the Company within one Business Day following the amount is cleared in the bank account of the Company. 22.4 If the funds sent by the Client are not deposited in the Client Account when they were supposed to, the Client shall notify the Company and request from the Company to make a banking investigation of the transfer. The Client agrees that any charges of the investigation shall be paid by the Client and deducted from his Client Account or paid directly to the bank performing the investigation. The Client understands and aggress that in order to perform the investigation the Client shall have to provide the Company with the requested documents and certificates. 22.5 The Company shall effect withdrawals of Client funds upon the Company receiving a relevant request from the Client. The withdrawal method accepted by the Company shall be the same used for the Client deposit, unless this is not possible due to technical or other applicable legal or regulatory reasons. 22.6 Upon the Company receiving an instruction from the Client to withdraw funds from the Client Account, the Company shall pay the said amount within five (5) Business Days, if the following requirements are met: (a) the withdrawal instruction includes all required information; (b) the instruction is to make a transfer to the originating account (whether that is a bank account, a payment system account etc.) from which the money was originally deposited in the Client Account or at the Client’s request to a bank account belonging to the Client; (c) the account where the transfer is to be made belongs to the Client; (d) at the moment of payment, the Client’s Balance exceeds the amount specified in the withdrawal instruction including all payment charges; (e) there is no Force Majeure event which prohibiting the Company from effecting the withdrawal. 22.7 It is agreed and understood that the Company will not accept third party or anonymous payments in the Client Account and will not allow to make withdrawals to any other third party or anonymous account. 22.8 The Company reserves the right to reasonably decline a withdrawal request of the Client asking for a specific transfer method and the Company has the right to suggest an alternative. 22.9 All payment and transfer charges of third parties will be borne by the Client and the Company shall debit the relevant Client Account for these charges. 22.10 Withdrawal fees may apply. The applicable fees may be found on the Company’s Website. 22.11 The Client may send the request for internal transfer of funds to another Client Account held by him with the Company. Internal transfers shall be subject to the Company’s policy from time to time. 22.12 Mistakes made by the Company during transfer of funds shall be refunded to the Client. It is understood that should the Client provide wrong instructions for a transfer, the Company may be unable to correct the mistake and the Client may have to bear the loss.

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account maintained by it for any of the following purposes or as described in Section 4.01: (i) on or prior to each Remittance Date, to remit to the Master Servicer (A) the Master Servicing Fee with respect to such Distribution Date and (B) all Available Funds in respect of the related Distribution Date together with all amounts representing Prepayment Charges (payable to the Class P Certificateholders) from the Mortgage Loans received during the related Prepayment Period; (ii) to reimburse the Servicer for P&I Advances, but only to the extent of amounts received which represent Late Collections (net of the related Servicing Fees) of Scheduled Payments on Mortgage Loans with respect to which such P&I Advances were made by the Servicer in accordance with the provisions of Section 4.01 and (B) any ▇▇▇▇▇▇▇▇▇▇▇▇ ▇&▇ Advances to the extent of funds held in the Collection Account for a future Distribution Date that were not included in Available Funds for the preceding Distribution Date; (iii) to pay the Servicer or any Subservicer (A) any unpaid Servicing Fees or (B) any unreimbursed Servicing Advances with respect to each Mortgage Loan, but only to the extent of any Late Collections or other amounts as may be collected by the Servicer from a Mortgagor, or otherwise received with respect to such Mortgage Loan (or the related REO Property); (iv) to pay to the Servicer as servicing compensation (in addition to the Servicing Fee) on each Remittance Date any interest or investment income earned on funds deposited in the Collection Account; (v) to pay to the Mortgage Loan Seller, with respect to each Mortgage Loan that has previously been repurchased or replaced pursuant to this Agreement, all amounts received thereon subsequent to the date of purchase or substitution, as the case may be; (vi) to reimburse the Servicer for (A) any P&I Advance or Servicing Advance previously made which the Servicer has determined to be a Nonrecoverable P&I Advance or Nonrecoverable Servicing Advance in accordance with the provisions of Section 4.01 and (B) any unpaid Servicing Fees to the extent not recoverable from Late Collections or other amounts received with respect to the related Mortgage Loan under Section 3.11(a)(iii); (vii) to pay, or to reimburse the Servicer for Servicing Advances in respect of, expenses incurred in connection with any Mortgage Loan pursuant to Section 3.15; (viii) to reimburse the Master Servicer, the Servicer, the Depositor, the Securities Administrator or the Trustee for expenses incurred by or reimbursable to the Master Servicer, the Servicer, the Depositor, the Securities Administrator or the Trustee, as the case may be, pursuant to Section 6.03, Section 7.02, Section 8.05, Section 9.13 or Section 10.02; (ix) to reimburse the Master Servicer, the Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of the breach or defect giving rise to the repurchase obligation of the Mortgage Loan Seller or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof; (x) to withdraw any amounts deposited in the Collection Account in error; and (xi) to clear and terminate the Collection Account upon termination of this Agreement. (b) The Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any withdrawal from the Collection Account, to the extent held by or on behalf of it, pursuant to subclauses (a)(ii), (iii), (v), (vi), (vii), (viii) and (ix) above. The Servicer shall provide written notification (as set forth in Section 4.01(d)) to the Master Servicer, on or prior to the next succeeding Remittance Date, upon making any withdrawals from the Collection Account pursuant to subclause (a)(vi) above.

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account (i) any expenses recoverable by the Trustee, the Master Servicer or the Securities Administrator or the Custodian pursuant to Sections 3.03, 7.04 and 9.05 and (ii) any amounts payable to the Master Servicer as set forth in Section 3.14. (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Trustee for deposit therein) any Monthly Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Trustee for deposit in the Distribution Account.