Table of Contents

Bnkz network Limited (“Bankz”) is providing the service of establishing designated Bank accounts and processing credit cards. These Terms of Service (the “Agreement”) are a legal agreement among Bankz, and you and any person or organization for which you act. This Agreement governs your use of our website located at https://bankz.eu/ (the: “Website”) and the associated software and services (collectively the “Services”). 

PLEASE READ THIS AGREEMENT CAREFULLY BEFORE USING ANY BANKZ SERVICES. If you do not agree to this Agreement, do not use the Services.

As used in this Agreement, the words “you” and “your” refer to you, a User of the Services and the Party agreeing to this Agreement. The words “we,” “us,” “our” and any other variation thereof refer to Bankz. Any reference to Bankz in this Agreement also includes, as applicable, their respective affiliates, directors, officers, employees, contractors, owners an agents.

1.Acceptance Of Agreement

By accessing the Services, you agree to, and are bound by, the terms and conditions of this Agreement. If you do not agree to this Agreement, do not use the Services. You represent that you have authority to enter into this Agreement on your own behalf and on behalf of any person or organization for which you act.

2.Amendments

Bankz may modify this Agreement at any time in its sole discretion by updating this posting. We will take reasonable steps to notify you of any material changes to this Agreement. Your continued use of the Services after a modification signifies your agreement to the modification. If you have any questions about this Agreement, please contact us at: support@bankz.eu.

2.Overview Of Bankz Services

1. 1. Bank Accounts– Bankz provides placement services for the purpose of opening Bank accounts. You will be asked to enter your personal details as well as the full details of your request by clicking the “Submit for pre approval” bottom in the website and filling in the “Submission Form”.  Once our team receives Your Submission Form You will receive a confirmation email to the email address you’ve stated in the Submission Form asking you to provide us with the required list of documents for the continuation of the process with the Financial Institution. Our team will review your Submission Form and contact the suitable Financial Institution for You. 

Please note that the Financial Institution may require additional information from you at the time we submit your Application. In such a case we will notify you and you shall provide us with the necessary information. You hereby give us your permission to share your information with the relevant Financial Institution.

After transferring all the information and documents to the relevant Financial Institution, the Financial Institution will conduct the due diligence as it sees fit and make a decision on your case. You hereby understand and agree that Bankz has no discretion in the decisions made by the Financial Institution and you hereby release Bankz from any claim or liability for such a claim. 

It is clear and agreed that after approving and opening your bank account, the full business and financial conduct will be directly with the Financial Institution and not with Bankz. Any transactions made by you or to you do not pass into Bankz legal ownership at any point.

1, Credit Card Processing– Bankz provides credit card processing services through www.world-Card.com. You can request these services while filling out the Submission Form according to clause 1 above or as separate services on the Website. If you choose to obtain these as separate Services You will be automatically directed to World Card and they will contact you for the continuation of the process by email. You hereby give us your permission to share your information with World Card for the purpose of obtaining these services.

2.An Independent Third-Party.

1. 1. Bankz is an independent, third-party service that is not formally affiliated with any Financial Institution. You acknowledge and agree that your use of the Services does not in any way constitute a tri-party agreement between you, Bankz, and the Financial Institution.

1. 1. Accordingly, neither Bankz nor the Financial Institution  have responsibility nor will have liability for any consequences resulting from your interactions or contracts with Recipients, including but not limited to payment terms, the proper and timely delivery of goods or services, and any associated disputes which may arise. You further acknowledge that your use of Bankz Services does not alter or affect any Recipient payment terms including but not limited to deadlines, payment plans, late fees, and refunds. Neither Bankz nor the Financial Institution endorse, recommend, or bear any responsibility or liability for any products, services or statements presented by Recipients.  

Recipient statements and opinions are not representative of Bankz or its business partners.

1. Bankz Fees
   1. You understand and agree that Bankz is charging a one time setup Fee for the placement of the Bank account. After confirming the opening of your bank account at the Financial Institution, you will receive an invoice from Bankz and you will be required to transfer the Fee by wire transfer within 3 business days from the date of receipt of the invoice. 
   2. Fees may vary, depending upon different factors which may or may not be controlled by Bankz. Fees are subject to change at any time and presented to you during review of your Work Offer, prior to submission of Your Details to the Financial Institution. 
2. Refund Policy- we have a strict No Refund Policy. Once your account is approved you are required to pay the set up fee in full. 
3. Tax

You are responsible for all, if any, applicable taxes arising from your use of the Services. You are furthermore responsible for all fees, fines, penalties and other liability incurred by Bankz, yourself, or a third party caused by or arising out of your breach of this Agreement, and/or your use of the Services. You agree to reimburse Bankz or a third party for any and all such liability.

1. Third Party Services And Links To Other Websites

The Services may enable you to connect to third-party services or products (“Third Party Services”). If you decide to use Third Party Services, you will be responsible for reviewing and understanding the terms and conditions for these services. We are not responsible or liable for the performance of any Third Party Services. Further, you agree to resolve any disagreement between you and a third party regarding the terms and conditions of any Third Party Services with that third party directly in accordance with the terms and conditions of that relationship, and not Bankz. The Services may contain links to third party websites. The inclusion of a link to a third party website does not imply an approval, endorsement, or recommendation by Bankz. Such third party websites are not governed by this Agreement. You access any such website at your own risk. We expressly disclaim any liability for these websites. When you use a link to go from the Services to a third party website, our Privacy Policy is no longer in effect.

Your browsing and interaction on a third party website, including those that have a link in the Services is subject to that website’s own terms, rules and policies.

1. Limitation Of Liability

IN NO EVENT SHALL BANKZ, OUR SUPPLIERS AND OUR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, PARENTS, SUBSIDIARIES, AFFILIATES, BENEFICIARIES, SUCCESSORS, OR ASSIGNS (COLLECTIVELY, THE “BANKZ PARTIES”) OR THE FINANCIAL INSTITUTION, THEIR SUPPLIERS AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, PARENTS, SUBSIDIARIES, AFFILIATES, BENEFICIARIES, SUCCESSORS, OR ASSIGNS (COLLECTIVELY, THE “BANK PARTIES”) BE LIABLE FOR LOST PROFITS OR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES INCLUDING LOSS OF INCOME, DATA, PROFITS, REVENUE OR BUSINESS INTERRUPTION, OR COST OF SUBSTITUTE SERVICES, OR OTHER ECONOMIC LOSS, WHETHER OR NOT BANKZ OR THE FINANCIAL INSTITUTION HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND WHETHER ANY CLAIM FOR RECOVERY IS BASED ON THEORIES OF CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY) OR OTHERWISE ARISING OUT OF OR IN CONNECTION WITH OUR SERVICES, OR THIS AGREEMENT (HOWEVER ARISING, INCLUDING NEGLIGENCE). THE TOTAL LIABILITY OF THE BANKZ PARTIES (IN AGGREGATE) TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCE IS LIMITED TO THE ACTUAL AMOUNT OF DIRECT DAMAGES ACTUALLY INCURRED IN THE THREE (3) MONTHS PRIOR TO THE DATE UPON WHICH THE APPLICABLE CAUSE OF ACTION AROSE. 

Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages so the above limitation or exclusion may not apply to you. In such case, the liability of the Bankz Parties shall be limited to the greatest extent permitted under applicable law.

1. Disclaimer Of Warranties
   1. THE BANKZ PARTIES AND THE BANK PARTIES PROVIDE THEIR RESPECTIVE SERVICES “AS IS” AND WITHOUT ANY REPRESENTATION, WARRANTY OR CONDITION OF ANY KIND, WHETHER EXPRESS, IMPLIED OR STATUTORY. THE BANKZ PARTIES AND THE BANK PARTIES SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, MERCHANTABLE QUALITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. NEITHER THE BANKZ PARTIES OR THE BANK PARTIES ARE RESPONSIBLE FOR YOUR FAILURE TO PERFORM OBLIGATIONS UNDER THE AGREEMENT AND DO NOT WARRANT, ENDORSE, GUARANTEE, OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY YOU, BANKZ, THE FINANCIAL INSTITUTION, OR ANY THIRD PARTY.
   2. Bankz does not guarantee continuous, uninterrupted or secure access to any part of our Service, and operation of our site may be interfered with by numerous factors outside of our control. Some jurisdictions do not allow the disclaimer of implied warranties, so the foregoing disclaimers may not apply to you.
2. Indemnification

You agree to defend, indemnify and hold Bankz harmless (including payment of reasonable attorney’s fees) against any claim or demand (including attorneys’ fees) made or incurred by any third party arising out of or relating to (a) your breach of any provision of this Agreement; (b) any actions taken by Bankz or the Financial Institution  pursuant to your instructions; (c) your use of the Bankz Services or any Bank services; (d) your obligations to pay fees or fines to Bankz, the Financial Institution  or any third parties; (e) negligence or willful misconduct of your affiliates, employees, contractors, or agents; and (f) all third-party indemnity obligations Bankz or the Financial Institution  incur as a direct or indirect result of your acts or omissions (including indemnification of any payment card network, card issuer, or intermediary bank).

1. Consent To Electronic Disclosures
   1. Consent to Communications. Because the Services are provided electronically, you agree that Bankz may provide important information electronically. Bankz will issue the following information and disclosures (“collectively, “Communications”) electronically via the Bankz Services or via electronic mail (“email”):
      1. This Agreement, the Bankz Privacy Policy, any other policies you agree to, and any amendments, modifications, or supplements to these agreements or policies;
      2. Disclosures or notices provided in connection with the Services, including any required by applicable law;
      3. Any customer service communications, including communications with respect to claims of error or unauthorized use of the Services;
      4. Any other communications related to the Services or your Account.
   2. Consent to Text Messages. By entering into this Agreement or using the SERVICES, you agree to receive TEXT MESSAGES FROM BANKZ AT THE TELEPHONE NUMBER THAT YOU PROVIDE TO US. TEXT MESSAGES from BANKZ may include but are not limited to: operational communications concerning your Account or use of the Services, updates concerning new and existing features OF THE SERVICES, AND communications concerning promotions run by us or our third-party partners. Standard text messaging charges applied by your cell phone carrier will apply to text messages we send.
   3. Withdrawal of Consent to Text Message. If you wish to opt out of promotional texts, you may email support@bankz.eu. You acknowledge that you are not required to consent to receive promotional texts as a condition of using the Services. 
2. Dispute Resolution 
   1. This Agreement shall be governed by and construed in accordance with laws of the state of Israel (excluding its conflict of law rules). Any dispute, controversy or claim arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be exclusively referred to and finally resolved by confidential arbitration in the Center of Arbitration and Dispute Resolution (CADR) in Tel Aviv, under the relevant arbitration rules, which are deemed to be incorporated herein by reference to this clause. The arbitral tribunal shall be composed of a single arbitrator to be nominated by the CADR. The place of arbitration shall be Tel-Aviv, Israel. The language of the arbitration proceedings shall be English and the Parties will be equally responsible for the costs of the arbitration process. The arbitral award shall be final and binding on the Parties. This section shall constitute an arbitration agreement under the law, and neither Party will be entitled to submit any dispute arising out this Agreement to a court of its domicile.    
   2. The arbitrator shall retain authority to decree any and all relief of an equitable nature including, but not limited to, such relief as a temporary restraining order, a temporary and/or a permanent injunction, and shall also be able to award damages, with or without an accounting and costs. Company shall be entitled to an award of its reasonable costs and expenses, including attorneys’ fees, in any action or proceeding in connection to, arising out of, or under the Agreement.  

1. Release Of Bankz And any Bankz Partner

If you have a Claim with one or more Recipients or other third parties, you release Bankz and their respective officers, directors, agents, joint ventures and employees from any and all claims, demands and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such Claims.

1. General
   1. Complete Agreement. This Agreement together with any other Bankz documents, policies and/or agreements referenced herein sets forth the entire understanding between you and Bankz with respect to the Services. If any provision of this Agreement is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced.
   2. Intellectual Property. “Bankz”, and all logos related to Bankz, are either trademarks or registered trademarks of Bankz or its licensors. You may not copy, imitate or use them without Bankz’s prior written consent. In addition, all page headers, custom graphics, button icons, and scripts are service marks, trademarks, and/or trade dress of Bankz. You may not copy, imitate, or use them without our prior written consent. All right, title and interest in and to the Bankz website, any content thereon, the Services, the technology related to the Services, and any and all technology and any content created or derived from any of the foregoing, is the exclusive property of Bankz and its licensors.
   3. Force Majeure. Neither Bankz nor the Financial Institution  shall be liable for any issues or delayed performance caused by circumstances beyond Bankz’s or the Financial Institution ’ reasonable control, including without limitation, acts of God, acts of government, flood, fire, earthquakes, civil unrest, acts of terror, strikes or other labor problems, service provider failures or delays.
   4. Assignment. You may not transfer or assign any rights or obligations you have under this Agreement without Bankz’s prior written consent. Bankz reserves the right to transfer or assign this Agreement or any right or obligation under this Agreement at any time.
   5. Severability. If any provision of this Agreement is held to be contrary to law, such provision shall be changed and interpreted so as to best accomplish the objectives of the original provision to the fullest extent allowed by law and the remaining provisions of this Agreement shall remain in full force and effect.
   6. No Waiver. If Bankz fails or delays in exercising any right, power or remedy or to take action against any breaches of this Agreement, it does not mean that it waives its right at a later time to enforce the same.
   7. Contacting Bankz. Unless otherwise stated in this Agreement, notices, inquiries, and requests to Bankz should be emailed to support@bankz.eu. Please note that email communications sent to Bankz for Account-related matters must come from the email address listed in your Account. Account-related communications initiated via other channels may require identify verification in order to obtain information or change settings.

Should you have other questions or concerns, please contact us anytime at: 

support@bankz.eu

+44 1313787911

C/O Fkgb, 2nd Floor, 201 Haverstock Hill, London, NW3 4QG, England.

Last updated July 2022