These Unique Account Number (“UAN”) Terms of Use (these “Terms of Use”), which are incorporated in full into your User Agreement for Residents of Europe and the UK (your “User Agreement”), govern your use of the UAN created on our Platform in the territories where we offer UANs. All capitalized terms not defined in these Terms of Use shall have the meaning set forth in your User Agreement.
UPHOLD IS NOT A DEPOSITORY FINANCIAL INSTITUTION OR A BANK. THE FUNDS RECEIVED USING YOUR UAN ARE NOT HELD WITH UPHOLD. THEY ARE HELD IN A SEGREGATED ACCOUNT WITH A REGULATED FINANCIAL INSTITUTION IN THE NAME OF UPHOLD AND FOR THE BENEFIT OF OUR CUSTOMERS THAT USE UANs. THIS ACCOUNT IS USED EXCLUSIVELY FOR THE PURPOSE OF HOLDING AND PROCESSING CUSTOMER FUNDS, WHICH ARE CREDITED OR DEBITED TO YOUR UPHOLD ACCOUNT AS APPROPRIATE.
By creating and using a UAN, you agree to follow and be bound by these Terms of Use and your User Agreement and the associated General Terms and Conditions, including any policies referenced herein and therein. You also agree that you have read and agreed to the Unique Account Numbers FAQs.
