These Terms of Service (the "Terms") form a legally binding agreement which govern your access to and use of MoneyClip Inc. and its subsidiaries', (“MoneyClip”, "we", "us" or "our") services (the Services"), and our website, software, network, and applications (“the Platform”).

PLEASE READ THESE TERMS OF SERVICE CAREFULLY.

These Terms of Service, together with the MoneyClip Privacy Policy, constitute the entire agreement. These Terms of Service may be modified by MoneyClip with notice to you.

If you have any questions about these Terms of Service please email: [email protected]

MoneyClip provides Services for Personal Accounts and Business Accounts. You may only open one Personal Account. To create a Personal Account you must be a Canadian resident, at least 16 years old, hold an active Canadian chequing or savings bank account in your name, and own a mobile device with a cellular data plan and a Canadian phone number (excluding VOIP numbers).

Personal MoneyClip accounts let you do things like:

Restricted to Personal Payments

Personal MoneyClip accounts are prohibited from collecting payments for business, commercial, or merchant transactions. If you intend to use MoneyClip for the commercial sale of goods or services, you must use a Business Account.

By accessing our Services through a Personal Account, you indicate that your use of the Services are exclusively for personal payments. You certify that such use excluded Money Transfers and payments that may be deemed by the Canada Revenue Agency as connected with a Business, Commercial Activity, or Adventure or Concern in the Nature of Trade.

MoneyClip Balances & Bank Transactions

Loading a balance onto the MoneyClip platform or depositing an account balance back to your Canadian bank account occurs via electronic funds transfer (EFT or ACH). Transactions typically settle in three business days. MoneyClip shall attempt to process these transactions in a timely manner but we make no guarantee pertaining to the timing or settlement of these transactions or any other payments within our platform. MoneyClip is not responsible for losses and liabilities induced by delayed payments, transactions, or bank settlements resulting from our Services.