This Customer Agreement (this “Customer Agreement”) sets forth the terms and conditions for the use of the RemitLand services (the “Services”), which include the use of mobile applications, websites, software and other products we offer, provided by RemitLand Fintech Inc. (“RemitLand”, “we”, “us”, and “our”).
By opening, registering, or using a RemitLand Account, or by otherwise using the Services, customers (“you”, “your” or “Customer”) agree to be bound by this Customer Agreement and consent to receive communications related to the Services or your RemitLand Account in electronic format.
If you do not accept this Customer Agreement, you will not be able to use the Services.
RemitLand is registered in Canada with the Financial Transactions Reports Analysis Centre of Canada (“FINTRAC”), registration number C100000615.
RemitLand is registered as a money service business and is able to provide foreign exchange dealings and money transfer services to customers resident in Canada.
To be eligible for our Services, you must be at least 18 years old, or the age of majority in your province or territory of residence.
In order to use some or all of the Services, you must first open a RemitLand Account by providing certain information.
For compliance and legal reasons, all information you provide during the signup process or any time thereafter must be complete, accurate and truthful.
You are responsible for keeping your mailing address, email address, telephone number, and other contact information up-to-date in your RemitLand Account profile.
Protecting your privacy is very important to RemitLand. Your passwords are stored on RemitLand servers in encrypted form.
We do not disclose your personal information, including account details, postal or email addresses to anyone except when required to do so by applicable laws and as specified in our Privacy Policy.
Sensitive information between your browser and the RemitLand Website is transferred in encrypted form. When transmitting sensitive information, you should always make sure that your browser can validate the RemitLand Website certificate.
You may appoint an Authorized User to act on your behalf to conduct certain transactions or give instructions to RemitLand under this Customer Agreement.
RemitLand reserves the right to refuse the creation of duplicate accounts for the same user due to security and client identification requirements.
If you open a RemitLand Account and use certain Services, applicable laws require that we verify some of your information.
You authorize RemitLand to make any inquiries we consider necessary to validate your identity, either directly or through third parties, including checking commercial databases or credit reports.
RemitLand offers two accounts to its customers: (a) Business Accounts; and (b) Personal Accounts. RemitLand reserves the right to add, subtract or modify the types, benefits, features, and limits of RemitLand Accounts.
RemitLand Business Accounts can be opened after know-your-business verification. Business Accounts have access to a broader set of RemitLand Services, including invoice-based settlement, corporate tools, and higher currency conversion or transaction limits.
RemitLand Personal Accounts are limited-feature accounts which cannot be used for business purposes, do not have access to RemitLand’s full suite of Services (including invoice-based settlement), and are subject to lower currency conversion or transaction limits.
You may upload money in supported currencies (including supported cryptocurrencies, as applicable) into your RemitLand Account in order to (i) convert the currency, (ii) send it to another person or to your own account or (iii) hold a balance in your RemitLand Account for use later.
Currencies supported for these actions are listed on the RemitLand Website.
In certain currencies, we may provide you specified bank account details that you can provide to third parties so they can send money to your RemitLand Account using supported methods.
These specified bank account details are for accounts held by RemitLand and its affiliates, and are not for a bank account held by you.
Money you hold with RemitLand (in any currency) is not insured by any deposit protection scheme (including CDIC) and represents an unsecured claim against RemitLand.
All of your transactions (including balances, uploaded money, received money, conversions, sends and withdrawals), including related fees and exchange rates (if applicable), are recorded in the transaction history section of your RemitLand Account.
Your RemitLand Account balance may be held in certain supported currencies, and you may hold more than one currency at the same time.
If you have a RemitLand Account balance, you may remove it by withdrawing to your own bank account, sending to another RemitLand customer, or sending to a third party’s bank account (depending on currency and available methods).
Your RemitLand Account is subject to withdrawal and send money limits. If your request exceeds the current limit, we may decline it or impose additional checks or time limitations.
We do not control the time it may take for your (or a recipient’s) bank or payment provider to credit and make funds available once we make funds available to the relevant provider.
We reserve the right to delay, freeze or hold any transactions undertaken or initiated by you through your RemitLand Account for any reason, including (without limitation) AML reviews, ATF reviews, sanctions screenings, fraud investigations, and banking partner compliance checks.
Our Services include the ability to convert currencies, including for sending money to a third party in another currency, withdrawing in another currency, or converting and holding another currency in your RemitLand Account.
A conversion fee will apply when we perform a currency conversion.
We reserve the right (in our sole discretion) to refuse any currency conversion order, including for incorrect recipient information, insufficient funds, or suspected violations of this Customer Agreement.
If you schedule a transfer in advance, we will notify you 24 hours before the upcoming transfer, setting out the total fees and the estimated live exchange rate for that transfer.
We will let you know the exchange rate when you place a guaranteed-rate conversion order, or when we have received your payment for a non-guaranteed-rate conversion order.
We may place limits on the amount you may convert at any time (in our sole discretion), including consistent with our obligations under applicable laws.
Verification checks and other reviews may increase the time it takes to process your currency conversion order. We cannot be responsible for delays resulting from carrying out such checks.
You may cancel your currency conversion order for a full refund at any time before the transaction amount is converted in accordance with your instructions. Frequent cancellations may result in restrictions on your use of the Services.
For certain currencies, you may be able to set conversion orders to be automatically executed once a chosen exchange rate is offered. RemitLand does not guarantee it will be able to execute auto conversion orders in all circumstances.
RemitLand is not a currency trading or investment platform. You should not use our Services for currency trading, investment, or speculation. If we detect such usage, we may impose limits, cancel orders, restrict features, or suspend/close your account and disgorge gains.
RemitLand offers invoice-based settlement to Business Accounts where RemitLand acts as a settlement intermediary by receiving funds, applying applicable foreign exchange rates where applicable, and settling funds into your Business Account’s wallet or bank account.
Fees for withdrawing and sending money, and currency conversion, will be disclosed when you place an order and prior to confirming the transaction.
The fee structure on the RemitLand website forms part of this Customer Agreement and is subject to change.
You may end this Customer Agreement and close your RemitLand Account at any time by contacting Support.
If you still have money in your RemitLand Account at the time of closure, you must withdraw your money within a reasonable period of time.
RemitLand may suspend or terminate this Customer Agreement and access to or use of our Websites, systems, or some or all Services for any reason and at any time upon notice to you.
If you are liable for amounts owed to us, we may remove such amounts from your RemitLand Account (if available). If there are insufficient funds, we may collect the debt using payments received in your RemitLand Account or other lawful collection avenues.
You acknowledge and consent that this Customer Agreement is entered into electronically. Creation of a RemitLand account and password constitutes an electronic signature with the same effect as signing in ink.
Certain categories of information (“Communications”) may be provided by electronic means, subject to Canada’s Anti-Spam Laws (CASL).
RemitLand provides Services to Customers at RemitLand retail branch locations (“Retail Locations”). Retail Locations provide limited foreign exchange services and in-person onboarding and verification, subject to availability, capacity, and compliance with internal policies and applicable laws and regulations.
You are responsible for all reversals, chargebacks, claims, fees, fines, penalties and other liability incurred by RemitLand caused by or arising out of your breach of this Customer Agreement and/or your use of the Services.
Whenever a transaction is reversed, RemitLand will refund or reverse the transaction from your RemitLand Account in the same currency as the original transaction.
If your RemitLand Account balance becomes negative for any reason (including reversal or chargeback), that negative balance represents an amount you owe to RemitLand and you promise to repay it immediately without notice.
To protect yourself from errors and unauthorized activity, you should regularly log into your RemitLand Account and review statements/transaction history.
RemitLand will notify you of each transaction. You should review these notifications to ensure each transaction was authorized and accurately completed.
If you have a question or complaint regarding the Services, please contact RemitLand Support using the contact details provided in the Customer Agreement. Please note that email communications will not necessarily be secure; do not include credit card information or other sensitive information in email correspondence.
You may link to our Website provided you comply with this Customer Agreement and certain rules.
We grant you a non-transferable, non-exclusive license to use the App on your device subject to this Customer Agreement and the Appstore Rules.
Updates to the App may be issued through the App Store or Google Play. Depending on the update, you may not be able to use our Services via the App until you have downloaded the latest version and accepted any new terms.
You are responsible for configuring your information technology, programs and platform to access the Services and should use your own virus protection software.
RemitLand may engage third-party partners and providers to deliver the Services. Certain functionality may provide access to third-party materials or route/transmit them to you.
RemitLand uses third-party banking and payments for international corridors (“Corridor Partners”).
Corridor Partners may conduct compliance and verification checks under their local laws and regulations.
To the extent permitted by applicable law, RemitLand (and its affiliates and their respective officers, directors, agents, employees and suppliers) are not liable for lost profits or special, incidental, indirect, consequential or punitive damages arising out of or in connection with the Website, Services, or this Customer Agreement. Liability is limited to actual direct damages, subject to applicable law and provincial/territorial restrictions (including Quebec).
We do not guarantee that Services will always be available, uninterrupted, without delay, or error-free. We may suspend, withdraw, discontinue or change all or any part of our Services without notice.
Except as expressly provided and to the extent permitted by applicable law, Services are provided “as is” and without warranties or conditions, express, implied or statutory (including implied warranties of title, merchantability, fitness for a particular purpose, and non-infringement), subject to applicable law and provincial/territorial restrictions (including Quebec).
RemitLand intellectual property (including site content, trademarks, trade names, logos, and product/service names) is owned by RemitLand and its affiliates. You agree not to display, use, copy, or modify RemitLand intellectual property except as permitted for your own personal, non-commercial use.
RemitLand acts as a payment service provider and independent contractor and is not your agent or trustee.
This Customer Agreement (together with applicable policies and agreements incorporated herein and on the RemitLand Website) sets forth the entire understanding between you and RemitLand with respect to the Services.
The provision of the Services and disputes are governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein, and are subject to the non-exclusive jurisdiction of the courts of the Province of Ontario.
Failure by RemitLand to exercise or enforce any right or provision does not constitute a waiver. If any provision is invalid, remaining provisions remain in effect.
We may set off any payment liability you have to us against any payment liability we have to you, including converting currencies at a market rate for the purpose of set-off.
Except in the case of manifest error, RemitLand records of your use of the Services and transactions carried out through the website are conclusive evidence of their contents.
The parties agree that this Customer Agreement and related documents will be written in English.
We are not liable for failure or delay in performance to the extent caused by matters beyond our reasonable control (including changes in law, infrastructure unavailability, power/internet failure, civil unrest, war, and natural disasters).
You agree to indemnify and hold harmless RemitLand, its service providers, and their respective subsidiaries, officers, agents, partners and employees from claims or demands (including reasonable legal fees) arising out of your use of the Service, connection to the Service, violation of this Customer Agreement, or violation of another’s rights.
Disputes may be reported by contacting customer service. Certain disputes may be referred to and finally determined (to the exclusion of the courts) by a single arbitrator in Toronto, Ontario, in English, under the ADRIC Arbitration Rules and subject to the Arbitration Act (Ontario).
Nothing in this Customer Agreement creates an agency, partnership or joint venture. Each party acts on its own behalf and not for the benefit of another person.
We may change the terms (including fees) by giving 30 days’ prior written notice, and you may refuse changes during the notice period by providing written notice of termination. Some changes may be made immediately where required by law or relating to new services/extra functionality or where changes do not materially affect existing Services.