* To apply for a BASIC and PREMIUM account with Moneff, must meet our eligibility criteria.
When you apply for a Moneff Account as an individual or a freelancer You must be a resident of United Kingdom registered as a sole-trader and not involved in an activity (transactions) that Moneff at its sole discretion regards as prohibited or otherwise restricted;
When you apply for a Moneff Account as a legal entity You must be a United Kingdom registered limited company not involved in an industry (transactions) that Moneff at its sole discretion regards as prohibited or otherwise restricted, further provided that you meet all of the below criteria:
Prohibited transaction Activities (transactions) that Moneff currently regards as prohibited are detailed in the ‘Prohibited Transactions’ section of the Terms and Conditions.
Change of circumstances If your circumstances change and you no more qualify for ‘Basic’ or ‘Standard’ accounts, we will issue you our ‘Bespoke’ Fees and Commissions. If you do not accept these within the designated term, we retain the right to suspend the Services until the applicable Fees and Commissions are agreed.
Bespoke plan If you do not qualify for ‘Basic’ or ‘Standard’ accounts, we will send you the ‘Bespoke’ fees and commissions together with the confirmation of opening your Moneff Account. You have the right to either accept or decline the offer.
Other products and services Services that are not covered in the above table, including the newly introduced Services, will be subject to the Fees and Commissions charged by Moneff when such Services are accessed or ordered".
Moneff is is an Electronic Money Institution authorised by the United Kingdom Financial Conduct Authority under the Electronic Money Regulations 2011 and Payment Service Regulations 2017.We keep your money in ring-fenced accounts in Germany and the UK. We can only use your money to fulfil your requests. We can’t take any risks with it nor use it for our own benefit. In the unlikely event that we become insolvent, your funds will be kept safe by being held in a specifically designated safeguarding account.