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YONDER TOP-UP ACCOUNT TERMS AND CONDITIONS

Version 1.0

1. Who is this agreement between?

The parties to this agreement are:

  • º£½ÇÉçÇø Technology Ltd; and
  • you, the º£½ÇÉçÇø member named in the º£½ÇÉçÇø Credit Agreement (º£½ÇÉçÇø Credit Agreement).

These Top-up terms and conditions form a legal agreement between you and us in respect of the Top-up account. Please read through these terms carefully and let us know if you have any questions.

A copy of these terms and conditions will always be available through the º£½ÇÉçÇø app. These terms and conditions should be read alongside your º£½ÇÉçÇø Credit Agreement.

2. Some background information

º£½ÇÉçÇø provides running-account credit through the º£½ÇÉçÇø Mastercard credit card (º£½ÇÉçÇø Card) as outlined in the º£½ÇÉçÇø Credit Agreement. In order to obtain and continue using your º£½ÇÉçÇø Card, you must also open and maintain a linked Top-up account. The Top-up account is solely to be used for spending on the º£½ÇÉçÇø Card, see section 3 (‘What is the Top-up account and how should you use it?’) for further information.

The Top-up account is operated and opened by Griffin Bank Limited (Griffin). More information on Griffin can be found below in section 4 (‘Who are Griffin?’). Whilst Griffin is responsible for opening and operating your Top-up account, º£½ÇÉçÇø is responsible for providing you access to your º£½ÇÉçÇø Top-up account and access to the º£½ÇÉçÇø app.

Any funds held in your Top-up account will be covered by the Financial Services Compensation Scheme (FSCS), see section 11 (‘FSCS protection’) for what this means.

3. What is the Top-up account and how should you use it?

Subject to Griffin’s approval your Top-up account will be opened by Griffin in your name when you enter into the º£½ÇÉçÇø Credit Agreement and agree to these terms and conditions.

Your Top-up account has two main uses:

  • Your Top-up account provides an easier way to make manual repayments under your º£½ÇÉçÇø Credit Agreement. This is because it allows you to transfer funds directly to us from your bank account.
  • You can also increase your spending limit. Adding funds to your Top-up account will temporarily increase your spending limit by an amount equal to the balance in your Top-up account plus your credit limit. For example, if you have a credit limit of £200, and add £200 into your Top-up account, assuming you do not owe us anything, you will be able to spend £400 on your º£½ÇÉçÇø Card. This might be particularly useful if you need to make a large transaction on your º£½ÇÉçÇø Card (e.g. to pay for a holiday) which your current credit limit would not cover. After you have spent the funds in your Top-up account, your spending limit will return to its previous level.

Your Top-up account should only be used in the ways described above. It is solely to be used for spending on the º£½ÇÉçÇø Card and not otherwise intended as a bank account for everyday use or as a savings account. Money in the Top-up account will not earn any interest and you should not hold funds in your Top-up account for any extended period of time.

Please note that you don’t need to use the Top-up account to Top-up your account if you don’t want to. You can still continue to enjoy and use your º£½ÇÉçÇø Card in the normal way without adding funds to your Top-up account. Please note however that if you ever overpay us, these funds will be held in your Top-up account.

There are no charges or fees associated with the Top-up account.

4. Who are Griffin?

Griffin is a bank incorporated in England and Wales with company number 10842931 and whose registered office is at 9th Floor 107 Cheapside, London EC2V 6DN.

Griffin accepts deposits, and offers other banking, financial and technology services. Griffin is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Griffin’s Financial Services Register number is 970920. To find out more about Griffin, please visit the Financial Services Register at or call the Financial Conduct Authority on 0300 500 8082.

You agree that the opening of any Top-up Account may be outside of our control and will be subject to Griffin’s eligibility criteria and risk appetite.

5. Using your Top-up account

You may transfer funds into your Top-up account by bank transfer using the account number and sort-code or otherwise by following the instructions we provide you in the º£½ÇÉçÇø app. Any funds transferred into your Top-up account must come from a personal account in your name unless we specifically permit otherwise.

There may be a limit as to how much you can deposit in your Top-up account. This limit will be shown in your º£½ÇÉçÇø app.

Funds transferred into the Top-up account will normally be available within a few minutes. We or Griffin may refuse to accept payment into your Top-up account if such payment would exceed your Top-up account limit or is subject to an investigation or there is any suspicion that the payment is fraudulent or in breach of applicable laws or otherwise in breach of the terms of the º£½ÇÉçÇø Credit Agreement or these terms and conditions.

You can check the balance of your Top-up account and your credit limit in the º£½ÇÉçÇø app.

Any funds you transfer into your Top-up account will be automatically used in the following order:

  1. firstly, to repay any outstanding balance you owe us under your º£½ÇÉçÇø Credit Agreement at the time you make the transfer;
  2. then, to repay any future spend on your º£½ÇÉçÇø Card.

This means you should always check the balance of your Top-up account in the º£½ÇÉçÇø app before spending on your º£½ÇÉçÇø Card as you may not be able to spend as much as you think.

You can always request to wi