Version 1.0

28 Mar 2024

Our Savings accounts are managed by a company called Bondsmith Savings Ltd. These are the terms and conditions for opening and managing a savings account provided through their services:

  1. Introduction
    1. These End User Terms and Conditions (“Terms and Conditions”) are the conditions on which Bondsmith Savings Ltd (“Bondsmith”) and Bondsmith Savings Nominees Ltd (“BSNL”) (together ****“we”, “us” or “our”) provide end users (“you” ****or ****“your”) of our Services.
    2. Bondsmith Savings Ltd (company registration number 11524247) has its head office at 124-128 City Road, London, EC1V 2NJ, United Kingdom.
    3. Bondsmith Savings Nominees Ltd (company registration number 13480386) has its head office at 124-128 City Road, London, EC1V 2NJ, United Kingdom.
    4. These Terms and Conditions describe the terms and conditions that apply to your use of the Services.
    5. You may not access or use the Services unless you agree to comply with the terms and conditions that apply to the Services. You should therefore read these Terms and Conditions carefully and make sure you understand them. If you do not understand any of the Terms and Conditions, please contact us before using the Services by Prosper.
    6. The Terms and Conditions ****apply from the point you apply to use our Services and, by applying and using the Services, you agree to be bound by these Terms and Conditions and acknowledge that they create legal, valid and binding obligations on you that are enforceable by us. The Terms and Conditions will continue until they are cancelled or end in line with the provisions set out below.
    7. These Terms and Conditions apply in addition to any terms and conditions you may have with [a Platform Operator through which you access the Services][any Deposit Taker which provides you with an account that we access as part of the Services]. We have no responsibility for the products and services provided to you by or through this party and will not be liable to you for any harm, damage or loss arising from your use of the products and services provided by or through them.
    8. You may view an up-to-date copy of these Terms and Conditions at any time as from the Prosper Platform, and you can contact us at support@joinprosper.co.uk to request a paper copy at any time.
  2. Eligibility and Onboarding
    1. You can only use the Services if:
      1. you are 18 or over;
      2. you are a resident in and using our Services from the UK;
      3. we are able to adequately verify your identity;
      4. you hold a current account in your own name with a bank or building society in the UK;
      5. you agree to comply with all laws and regulations applicable to your use of the Services; and
      6. you provide us with all the information that we may reasonably request in order to provide our Services to you, and this information is accurate, complete and truthful. This may include documents and other information that we need to verify your identity, to carry out financial crime checks and
      7. you are not a Tax Resident of the United States.

We may request further information from you at any stage if we need this in order to comply with our legal obligations or to provide our Services to you. If you do not supply any information that we request promptly, we may not be able to provide the Services to you.

  1. You are obliged to keep the information set out in clause ‎2.1 up to date shortly following any changes, and should you not meet these requirements we reserve the right to suspend the Services to you in line with the termination provisions set out in clause ‎10.
  2. You acknowledge that we have the right to delay your application to use our Services until all required documentation and information has been provided to us.
  3. We will only start to provide the Services to you once we:
    1. have received your duly completed application;
    2. are satisfied that identity checks have been successfully completed as required by UK anti-money laundering regulations; and
    3. have been provided with copies and/or details of any certifications necessary for tax requirements.
  4. We reserve the right not to provide Services to you where doing so may lead us to breach any laws and/or regulations we are subject to. For example, if we are unable to verify your identity in accordance with our legal and regulatory requirements then we will not accept you as a user and will return any monies/reject any instructions to you that you have transferred/given to us in connection with you application (less any applicable charges).
  5. If you are introduced to our services by/access our services through a third party (for example, an Intermediary), the third party may be able to verify your identity for the purposes of the UK anti-money laundering regulations. We may be entitled to accept the verification provided by the third party but we reserve the right to request additional information and documentation to satisfy our own anti-money laundering procedures.
  6. You consent to us undertaking any electronic search we consider necessary for the purposes of verifying your identity and address. To do so, we may check details about you against certain databases that we have access to. We may also use your details in the future to assist other companies for verification purposes. A record of this search will be retained.
  7. If we cannot verify your identity, we may ask you to provide certain original documents. You agree that we may pass on such information we obtain as part of this process as we consider necessary to relevant third parties to comply with applicable legal and regulatory requirements.
  8. You acknowledge and agree that in meeting our obligations under these Terms and Conditions, we may disclose your identity, customer due diligence information and any other information reasonably required to Deposit Takers and as otherwise required by applicable law.
  9. If, for any reason, we cannot provide our Services to you, we are not required to tell you the reason for this.
  10. We reserve the right to reject your request to open an account with us for any reason, without providing you with reasons.
  11. These Terms and Conditions shall begin on the date we accept your application for an account and shall continue until terminated in line with clauses ‎9 or ‎10.
  12. Communication between you and us
    1. These Terms and Conditions are in English and all communications between you and us in relation to the Services will be in English.
    2. We may contact you via email. If laws and/or regulations require that we have to contact or give you notice in writing, we will do so by e-mail, by hand or by post to the latest address for you that we have been provided with. You should therefore ensure that we are promptly notified if your email address or postal address changes at any point.
    3. We may rely and act on all communications which we reasonably believe to have been made by you unless you indicate otherwise.
    4. If you wish to contact us, then you can do so via support@joinprosper.co.uk.