TERMS OF SERVICE

By accessing or using Schnl's services, you agree to be bound by these Terms of Service. These terms constitute a legally binding agreement between you and Schnl. Your continued use of our services indicates your acceptance of any modifications to these terms. We reserve the right to modify these terms at any time, and such modifications will be effective immediately upon posting.

You must be at least 18 years old to use our services. By using our services, you represent and warrant that you meet all eligibility requirements. We may require additional verification of your identity and eligibility at any time. Failure to meet these requirements may result in immediate termination of your account.

These terms apply to all services provided by Schnl, including but not limited to banking, investment, and payment services. Additional terms may apply to specific services, which will be provided to you when you access those services. In case of conflict between these general terms and specific service terms, the specific service terms will prevail.

Our account services include checking accounts, savings accounts, and investment accounts. Each account type has specific features, benefits, and requirements. We offer competitive interest rates and minimal fees to provide you with the best possible banking experience. Our fee structure is transparent and designed to be fair and reasonable.

We charge the following fees: $0 for account opening, $0 monthly maintenance, $0 for domestic transfers, $5 for international transfers, and 1% for currency conversion. These fees are subject to change with 30 days' notice. We may offer fee waivers or discounts based on account balance, transaction volume, or other factors.

Our interest rates are variable and subject to change based on market conditions. We offer competitive rates on savings and investment accounts, with higher rates for larger balances. Interest is compounded daily and paid monthly. We provide clear information about current rates and any changes to those rates.

We comply with all applicable financial regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements. We maintain robust compliance programs to ensure adherence to these regulations. Our compliance team regularly reviews and updates our policies and procedures to reflect changes in regulatory requirements.

We are licensed and regulated by relevant financial authorities in each jurisdiction where we operate. Our operations are subject to regular audits and examinations by these authorities. We maintain detailed records of all transactions and customer interactions as required by law.

We implement strict controls to prevent fraud, money laundering, and other financial crimes. Our systems are designed to detect and report suspicious activities. We cooperate fully with law enforcement and regulatory authorities in their investigations. We maintain comprehensive documentation of our compliance efforts and regulatory interactions.

We implement industry-standard security measures to protect your account and personal information. This includes encryption, multi-factor authentication, and continuous monitoring. Our security systems are regularly tested and updated to address emerging threats. We maintain comprehensive security policies and procedures.

While we take reasonable steps to protect your account, you are responsible for maintaining the security of your login credentials and devices. You must notify us immediately of any unauthorized access or suspicious activity. We are not liable for losses resulting from your failure to maintain account security.

Our liability is limited to direct damages caused by our gross negligence or willful misconduct. We are not liable for indirect, incidental, or consequential damages. These limitations apply to the maximum extent permitted by law. We maintain appropriate insurance coverage to protect against potential liabilities.

Our investment services are subject to market risks. Past performance does not guarantee future results. We offer various investment options with different risk profiles and potential returns. Our investment advisors can help you choose options that match your risk tolerance and financial goals.

Yield rates are variable and subject to market conditions. We provide regular updates on current rates and any changes. Our yield calculation methods are transparent and clearly explained. We maintain detailed records of all yield calculations and payments.

Investment decisions are your responsibility. We provide information and tools to help you make informed decisions, but we do not guarantee investment returns. You should carefully consider your investment objectives, risks, and costs before investing. We recommend consulting with a financial advisor for personalized investment advice.

Any disputes arising from these terms will be resolved through binding arbitration. The arbitration will be conducted by a neutral arbitrator in accordance with applicable rules. The arbitrator's decision will be final and binding. This arbitration clause applies to all disputes, including those related to account services, fees, and security.

The arbitration will be conducted in English and will take place in a mutually agreed location. Each party will bear its own costs, unless the arbitrator determines otherwise. The arbitrator may award any relief available in court, including injunctive relief. The arbitration award may be enforced in any court of competent jurisdiction.

You waive your right to participate in class actions or class arbitrations. Any claims must be brought in your individual capacity. This waiver applies to all disputes, whether they arise under these terms or otherwise. We maintain detailed records of all arbitration proceedings and outcomes.

We may terminate or suspend your account for violations of these terms, suspicious activity, or regulatory requirements. We will provide notice of termination and an opportunity to address any issues. Upon termination, you must cease all use of our services and settle any outstanding balances.

You may close your account at any time by following our account closure process. We will process your closure request within 30 days. Any remaining funds will be returned to you according to our withdrawal procedures. We maintain records of all account closures and related transactions.

After account closure, we will retain your information as required by law. We will continue to protect your information according to our privacy policy. You may request deletion of your information subject to legal requirements. We maintain detailed records of all account closure requests and their outcomes.