Terms and Conditions

Welcome to Wealth Executives Bank (WEBank). We appreciate your interest and trust in our banking services, including virtual cards. Before you begin using our services, please read and understand the following terms and conditions, which outline our agreement with you, the user.

1. Acceptance of Terms and Conditions
By accessing or using any of WEBank’s services, including virtual card services, you acknowledge and agree to be bound by these terms and conditions. If you do not agree to any part of these terms, you should not proceed to use our services.

2. Account Creation and Usage
2.1 Eligibility: To create an account with WEBank and utilize our virtual card services, you must be at least 18 years old and capable of forming a legally binding contract. Additionally, you must comply with all applicable laws and regulations related to using our services.

2.2 Account Information: You will be required to provide accurate and up-to-date information during the account creation process. It is your responsibility to ensure that all information provided is complete and true. Failure to do so may result in the termination of your account.

2.3 Security: You are responsible for maintaining the confidentiality of your account login credentials and any other security measures related to the use of our services. Any activity or transactions conducted through your account will be deemed authorized by you. Notify us immediately if you suspect any unauthorized use of your account.

3. Virtual Card Usage
3.1 Card Issuance: WEBank provides virtual cards that can be used for secure online transactions. The issuance of virtual cards is subject to our approval and subject to the availability of funds in your account.

3.2 Usage Restrictions: Virtual cards may only be used for lawful transactions. You agree not to use our services for any illegal activities, including but not limited to fraud, money laundering, or financing illegal activities. WEBank reserves the right to decline transactions that violate these terms.

3.3 Card Security: You are responsible for protecting the security of your virtual card information. Do not disclose your card details to anyone else. WEBank will not be held liable for any losses incurred due to unauthorized access or use of your virtual card.

3.4 Card Expiry and Reissuance: Virtual cards may have an expiration date. Prior to the expiry date, you may request a card reissuance through the designated channels. Certain fees or charges may apply for card reissuance.

4. Fees and Charges
4.1 Service Fees: WEBank may charge fees for various services, including virtual card issuance, transactions, and account maintenance. These fees will be disclosed to you during the relevant processes, and you agree to pay the applicable fees.

4.2 Fee Changes: WEBank reserves the right to modify or introduce new fees at any time. Advance notice will be provided for any changes to fees.

5. Intellectual Property
WEBank retains all intellectual property rights related to its services, including but not limited to trademarks, logos, and software. You agree not to use or reproduce WEBank’s intellectual property without prior written consent.

6. Privacy and Data Protection
WEBank is committed to protecting your privacy and complying with applicable data protection laws. Our Privacy Policy provides details on how we process and safeguard your personal information. By using our services, you consent to the collection and use of your data as described in our Privacy Policy.

7. Limitation of Liability
WEBank will not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use or inability to use our services, including virtual cards. You agree to use our services at your own risk.

8. Amendments and Termination
WEBank reserves the right to amend or modify these terms and conditions at any time. Notice of any substantial changes will be communicated to you through appropriate channels. We may also terminate or suspend your access to our services, including virtual card services, at our discretion and without prior notice.

9. Governing Law and Jurisdiction
These terms and conditions shall be governed by and construed in accordance with the laws of the jurisdiction where WEBank is registered. Any disputes arising from these terms shall be subject to the exclusive jurisdiction of the courts in that jurisdiction.

10. Communication and Notifications
10.1 Communication Channels: WEBank may communicate with you through various channels, including email, SMS, in-app notifications, or by posting updates on our website. It is your responsibility to regularly check these communications and ensure that your contact information is up to date.

10.2 Account Notifications: You agree to receive important account-related notifications, such as transaction alerts, account statements, or security updates. These notifications are essential for the proper functioning and security of your account.

11. Compliance with Applicable Laws
11.1 Regulatory Compliance: WEBank is committed to complying with all applicable laws, regulations, and industry standards. You agree to use our services in accordance with all applicable laws, including laws related to anti-money laundering, fraud prevention, and financial transactions.

11.2 Disclosure of Information: WEBank may be required by law, regulatory authorities, or court orders to disclose certain information related to your account or transactions. You acknowledge and agree that WEBank may disclose such information as required.

12. Indemnification
You agree to indemnify and hold WEBank, its affiliates, directors, officers, employees, and agents harmless from any claims, losses, liabilities, or expenses arising out of your use of our services, including virtual card services, and any violation of these terms and conditions.

13. Severability
If any provision of these terms and conditions is determined to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect to the extent permissible by law.

14. Entire Agreement
These terms and conditions constitute the entire agreement between you and WEBank regarding your use of our services, including virtual cards, and supersede any prior agreements or understandings.

15. Language
This agreement is drafted in the English language. In case of any discrepancy or inconsistency between the English version and any translation, the English version shall prevail.

16. Contact Information
If you have any questions, concerns, or feedback regarding these terms and conditions or our services, please contact our customer support team through the provided channels.

By using WEBank’s services, you acknowledge that you have read, understood, and agree to be bound by these terms and conditions. It is important to revisit this agreement periodically to stay informed of any changes or updates.

Please take the time to carefully read and understand these terms and conditions. Should you have any questions or concerns, please contact our customer support team for assistance. By using WEBank’s services, you acknowledge that you have read, understood, and agree to be bound by these terms and conditions.