The Account is opened for the Client for the term of the Agreement.
The Client can use the Account on the Internet by connecting to the server of the Institution.
The Client may deposit funds into the Account, withdraw funds from the Account, hold funds in the Account, transfer, accept and perform other operations which the Institution allows to execute with the Account.
The funds in the Account are the property of the Client, except for the fees, losses and other similar amounts payable to the Institution, as provided by this Agreement, the General Service Agreement, other agreements between the Institution and the Client or the legal acts.
The funds kept in the Account are Electronic Money. When the Client makes a deposit and/or receives money in the Account, the Institution will issue Electronic Money and credit them to the Account at the nominal value of the funds deposited and/or accepted (after paying the Institution fees, if applicable).
Electronic Money in the Account is not considered as a deposit or other repayable funds; for it the Institution does not pay interest and does not provide other benefits related to the duration of holding Electronic Money in the Account.
The Client is entitled to withdraw Electronic Money from the Account at any time, except in cases where the Account and/or the provision of the Institution's services to the Client are blocked or otherwise restricted in accordance with this Agreement, the General Service Agreement, other agreements between the Institution and the Client or the legal acts. When withdrawing Electronic Money from the Account, the amount of Electronic Money withdrawn by the Client (after deduction of the Institution fees, if applicable) is redeemed by the Institution at par value and transferred to the bank or other type of account specified by the Client or transferred by other methods supported by the Institution. During the term of the Agreement, the Client may withdraw all or part of the Electronic Money from the Account. Upon termination of the Agreement, the Client may only withdraw from the Account all Electronic Money.
Fees for using the Account, including fees for the issuance and redemption of Electronic Money, are indicated in the Standard Rates.
The fee for the redemption of Electronic Money only applies in the following cases: