Terms and Conditions Junior
General terms and conditions Junior
This is an English translation. The Swedish original version can be found on https://sv.getpfc.com/terms-conditions/junior. Should there be any discrepancies between the Swedish version and the English translation, the Swedish version shall prevail.
Additional User: the Guardian who is connected to the Junior and who is not Account-Owning User
Child: person under the age of 18 who an Account-Owning User is the Guardian of and who uses the service Junior
Child Card: a card issued to a Child
General Terms and Conditions: the terms and conditions applicable to the Service
Guardian: a user who is the legal custodian (sw. förmyndare) of a Child, includes both Account-Owning User and Additional User
Junior: the service described in paragraph 1 of these terms and conditions
Terms not defined herein shall have the meaning ascribed to them in the General Terms and Conditions. The General Terms and Conditions take precedence over these terms. The settlement of transactions, the parties’ liability, etc. is governed by the General Terms and Conditions. The General Terms and Conditions also cover Child’s use of the Service and the App.
1.1 P.F.C. provides several services that are governed by the General Terms and Conditions. By registering for Junior, the Guardian connects to additional services for a subscription fee (Subscription Service). Junior is governed by these terms and conditions as well as the General Terms and Conditions. By agreeing to these terms and conditions, the Guardian consents to Children entering an agreement with P.F.C. for the use of Junior and the limited part of the App and Service available to Children.
1.2 The Guardian who first signs up for Junior is the Account-Owning User. As part of Junior, one or several Children can be connected. A Child can also have limited access to the Service through Junior, such as transaction history. The manage of children and Children’s Card is made in the App. Through Junior, the Guardian receives additional functionality in the App as described on P.F.C.’s website from time to time.
2.1 By signing up for a Junior subscription, the Guardian agrees that he/she will be charged a subscription fee in accordance with the applicable price list. The cost of Junior is not attributable to the issuing or use of Cards or Children’s Cards but is charged for the additional functionality that P.F.C. provides to Account-Owning User Additional Users and Child from time to time through the App. The cost of Junior will be charged to Account-Owning User’s P.F.C. balance prior to the commencement of each agreed billing period as set out below.
2.2 If Account-Owning User has signed up for a monthly debit subscription, the subscription fee will be charged to the Account-Owning User’s P.F.C. balance on a monthly basis starting on the date the first Child Card is activated and until the subscription is terminated. Account-Owning User may cancel the subscription at any time. If Account-Owning User cancels the subscription, no additional subscription fees will be charged and access to Junior will end at the end of the billing period. Paid subscription fee will not be refunded.
2.3 If Account-Owning User has registered for a subscription with an annual billing period, the subscription fee will be charged Account-Owning User’s P.F.C. balance annually starting on the date the first Child Card is activated until the subscription is terminated. The Account-Owning User may cancel the subscription at any time. If the Account-Owning User cancels the subscription, no additional subscription fees will be charged and access to Junior will end at the end of the billing period. Paid subscription fee will not be refunded.
2.4 When access to Junior ceases for the Account-Owning User, the availability will also cease for Additional User and Children.
3.1 Upon acceptance of these Terms, the Guardian consents to the Child becoming a P.F.C. customer and subject to the General Terms and Conditions applicable to the use of the Service and the App. For Children’s Cards, separate terms and conditions apply.
3.2 A requirement for Children to enter into an agreement for access to the App, the Service, Junior and Children’s Card is that all Guardians agree to it. By agreeing to these terms, the Guardian agrees that The Child enters into an agreement with P.F.C. and the Issuer.
3.3 By agreeing to these terms, the Guardian declares that he/she has obtained a power of attorney from any other Guardian. Guardians are obliged, upon request from P.F.C., to provide written authorization from other Guardian.
4.1 A Guardian may not freely dispose of funds belonging to the Child at the Child’s P.F.C.-balance. The Guardian undertakes to withdraw funds from a Child’s balance only if they have the legal right to make such withdrawals. It is the responsibility of the Guardian to obtain any permits, approvals and consents required to move funds from the Child’s P.F.C. balance. The Guardian undertakes to hold P.F.C. Technology harmless in the event that the Guardian withdraws funds from a Child’s balance in violation of applicable law.
5.1 Children who are added to Junior must be 5 years of age or older but under 18 years of age, registered in Sweden and have a Swedish social security number. The Guardian must be the legal guardian of a Child added to Junior. P.F.C. will confirm the relationship between Guardians and Children through a search in the official register of persons and addresses (SPAR).
5.2 Guardians agree to notify P.F.C. Technology in the event that a Child is or has been a politically exposed person* (“PEP”) and thus have or have held a high political or governmental position, or in the event that the User is a related and/or known associate of a PEP. Such notice shall be sent to P.F.C. by e-mail to hello@getP.F.C..com and include details of the social security number, address, function, title and country of activity or organization regarding you or the PEP to whom the User is a related and/or known employee. The Guardian further undertakes to notify the P.F.C. of any changes in the circumstances set out in this paragraph.
5.3 Guardians and/or Children cannot agree on restrictions in the Junior pursuant to Chapter 4, Section 10 p. 19 LBT.
6.1 The Child Card will be sent to the Child’s registered address.
6.2 The Guardian undertakes to provide accurate information and notify changes to the Child’s information to the P.F.C. immediately.
6.3 All Guardians are responsible for the Child’s use of the Service and the App and any costs that maybe incurred in connectionwith the Child’s use of the Child Card.
7.1 Guardian agree that the Child connected to the Junior are added as a trusted recipient and that the Guardian thus can transfer funds to the Child without accepting the payment transaction through secure customer authentication. Similarly, the Guardian agrees on behalf of the Child that the Guardian is a trusted recipient on behalf of the Child and that the Child thus can transfer funds to the Guardian’s P.F.C. balance without accepting the payment transaction through secure customer authentication.
7.2 When an Account-Owning User adds another Additional User, both Guardians agree that they have the right to make transactions from the Child’s P.F.C. balance to the respective Guardian’s P.F.C. balance on behalf of the Child.
7.3 The Account-Owning User and Additional Users are jointly and severally responsible for the Child’s understanding and compliance with all Junior terms and conditions.
P.F.C. has the right to from time to time restrict and limit from the amount available on the Child’s P.F.C. balance and also has the option to limit the amount of funds that can be transferred to the Child’s P.F.C. balance each month. P.F.C. may as well limit the total level of transactions during a specific time. A limitation of the Child’s P.F.C. balance means that additional funds cannot be made by any Guardian.
9.1 P.F.C. reserves the right to block the Guardian’s access to Junior if P.F.C. deems there is a risk of unsafe use of the App, the Service or Junior. In case of blocking the App and/or the Service for the Account-Owning User, Additional User or Child, P.F.C. always has the right to temporarily suspend or terminate Junior.
9.2 P.F.C. also has the possibility to block access to the Junior service if the Guardian does not provide the documentation requested by P.F.C. from the Guardian. In the event that P.F.C. suspends or terminates the Service or the App, P.F.C. will inform the Guardian and the Child through the Guardian as soon as possible. When there is no longer any reason for P.F.C. to block the Guardian and/or the Child’s access to the Service, P.F.C. shall lift the suspension.
10.1 These terms and conditions are valid until further notice.
10.2 Account-Owning User has the right to terminate the Junior at any time with immediate effect, see paragraphs 2 regarding the subscription fee in the event of termination. The termination shall be made in writing to P.F.C. through the chat function in the App.
10.3 P.F.C. has the right to terminate Junior in writing with these terms and conditions subject to a notice period of two months.
10.4 P.F.C. has the right to terminate Junior in accordance with these terms and conditions with immediate effect if the contract relating to the Service or the App is terminated in accordance with the General Terms and Conditions, paragraph 22 or if the contract concerning the Child Card is terminated.
11.1 Under the Distance and Doorstep Sales Act, consumers are entitled to withdraw certain financial services with P.F.C. (withdrawal) if the agreement has been concluded at a distance or elsewhere than in P.F.C.’s business premises. The right of withdrawal for agreements outside P.F.C.’s business premises is valid only if the price that the consumer will pay in total under the agreement exceeds 400 SEK. By distance agreement is meant an agreement where P.F.C. and the customer have not met personally, e.g. when contracts are concluded via the Internet.
11.2 Anyone who wants to exercise their right of withdrawal under the law may do so by sending a message to P.F.C. within 14 days from the date of the agreement with P.F.C. or from the date the User received these terms and conditions and other information about this at a later date than upon conclusion of the agreement. The right of withdrawal only applies to these terms and conditions and not transactions.
11.3 If the User exercise his right of withdrawal, P.F.C. has the right to compensation for the contracted Service for the time the User used Junior and for costs until the right of withdrawal was exercised.
11.4 For P.F.C.’s marketing, the rules of the Swedish Marketing Act (2008:486) apply.
* Politically exposed persons (PEP)
The Act (2017:630) on Measures against Money Laundering and Terrorist Financing (“the PTL”) contains certain provisions for the establishment of business relations with politically exposed persons (PEP), including requirements for stricter measures to achieve knowledge about customers. The PTL defines a PEP as “a) physical person who has or has had an important public function in a state; and b) a physical person who has or has had a role in the management of an international organization.” Furthermore, the kind of provisions mentioned above shall also apply to a PEP’s family members and close associates. The Swedish Financial Supervisory Authority has issued supplementary regulations in this area (FFFS 2017:11).
The notion of important public function refers to functions held by:
Family members mean:
Close associate means:
The notion of close links in clause 1 refers to close business relationships and other relationships that may cause the close associate to be linked to an increased risk of money laundering or terrorist financing.