1. Introduction

Welcome to IFS Currency Limited. These Terms and Conditions ("Terms") govern your use of our online home remittance services. By accessing or using our services, you agree to comply with and be bound by these Terms. We may update these Terms occasionally to reflect changes in our Services, technology, legal obligations, and business practices. Any updates will be posted on our website and will take effect immediately upon posting. Your continued use of our Services after any changes constitutes your acceptance of the new Terms. If you do not agree with these Terms, please do not use our services.

2. Definitions

For these Terms and Conditions ("Terms"), the following definitions apply:

"Account": The personal account created by the user to access and use our Services.

"API": Authorized Payment Institution, as defined by the UK Financial Conduct Authority (FCA) regulations.

"Business Days": Any day other than a Saturday, Sunday, or public holiday in England when banks in London are open for business.

"Content": Any text, images, video, audio, or other multimedia content, software, or other information or material submitted to or available on our website.

"FCA": The Financial Conduct Authority, the regulatory body for financial services in the UK.

"HMRC": Her Majesty's Revenue and Customs, the UK's tax, payments, and customs authority.

"Recipient": The individual or entity designated to receive funds transferred via our Services.

"Sender": The individual or entity initiating a transfer of funds through our Services.

"Services": The online home remittance services provided by IFS Currency Limited, including any related products and services we offer.

"Terms": These Terms and Conditions, including any updates, modifications, or supplements to them.

"Transaction": A remittance operation initiated by the Sender through our Services, involving the transfer of funds to a Recipient.

"User", "you", "your": Any individual or entity who accesses or uses our Services, including both Senders and Recipients.

"We", "us", "our", "IFS": IFS Currency Limited, the provider of the online home remittance Services.

3. Eligibility

To use our services, you must:

- Be at least 18 years old.

- Have the legal capacity to enter into a binding agreement.

- Use the services for lawful purposes only

4. Registration and Account

You must create an account to use our services. During registration, you must provide accurate and complete information. You are responsible for maintaining the confidentiality of your account information and for all activities that occur under your account. Notify us immediately of any unauthorized use of your account.

5. Use of Services

Our services are for online home remittance transactions only. No cash transactions are allowed. You must comply with all applicable laws and regulations when using our services. You agree not to use our services for any illegal or fraudulent activities.

6. Transactions

To initiate a transaction, you must provide the required information, including the recipient's details and the amount to be transferred. Transactions are subject to our verification and approval processes. We reserve the right to refuse any transaction. Once a transaction is approved, it cannot be canceled or reversed.

7. Fees and Charges

Fees for our services are disclosed at the time of the transaction. By initiating a transaction, you agree to pay the applicable fees. We reserve the right to change our fees at any time. Any changes will be communicated to you before they take effect.

8. Exchange Rates

Exchange rates for currency conversion are provided at the time of the transaction and are subject to change based on market conditions. The exchange rate applicable to your transaction will be disclosed before you confirm the transaction.

9. Limitation of Liability

We are not liable for any loss or damage arising from:

- Your use or inability to use our services.

- Unauthorized access to your account.

- Errors, omissions, or delays in the transmission of funds.

Our total liability to you for all claims arising from your use of our services is limited to the total fees you have paid us in the past six months.

10. User Obligations

You agree to provide accurate and truthful information when using our services. You are responsible for ensuring the recipient's information is accurate. You must comply with all terms set forth in these Terms.

11. Privacy

Your use of our services is subject to our Privacy Policy, which explains how we collect, use, and protect your personal information. You consent to our data practices as described in our Privacy Policy by using our services.

12. Termination

We may terminate or suspend your access to our services at any time, without notice, for any reason, including if you violate these Terms. Upon termination, you must cease all use of our services and any outstanding transactions may be cancelled.

13. Changes to Terms

We reserve the right to modify these Terms at any time. Any changes will be effective immediately upon posting on our website. Your continued use of our services after any changes constitutes your acceptance of the new Terms. If you do not agree with the modifications, please do not use our services.

14. Governing Law

These Terms are governed by and construed in accordance with the laws of England and Wales. Any disputes arising out of or relating to these Terms or our services will be resolved in the courts of England and Wales.

15. Contact Us

If you have any questions or concerns about these Terms, please get in touch with us at:

Email: [email protected]

IFS Company Address: 25Cabot Square, London, England, E144QZ