Terms & Conditions of Service

The legal agreement governing your use of Inter.lyBanking services.

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LEGAL AGREEMENT

Terms of Service

Last Updated: June 15, 2025

These Terms and Conditions ("Terms") govern your access to and use of Inter.lyBanking's services. By opening an account or using our services, you agree to be bound by these Terms.

Account Terms

To open an account with Inter.lyBanking, you must be at least 18 years old and have legal capacity to enter into binding contracts. We may refuse any application at our sole discretion.

You agree to:

  • Provide accurate, current, and complete information during registration
  • Maintain the security of your account credentials
  • Promptly update any information that changes
  • Accept all risks of unauthorized access to your account

Services

Inter.lyBanking provides international banking services including but not limited to:

  • Multi-currency deposit accounts
  • International wire transfers
  • Foreign exchange services
  • Debit and credit card services
  • Digital banking platforms

We reserve the right to modify, suspend, or discontinue any service at any time without prior notice.

Fees & Charges

You agree to pay all applicable fees for services provided by Inter.lyBanking as outlined in our Schedule of Fees, which may be amended from time to time.

Common fees include:

  • Account maintenance fees
  • Transaction fees for wire transfers and FX conversions
  • Card issuance and replacement fees
  • Inactivity fees for dormant accounts

Fees will be automatically deducted from your account balance. You are responsible for maintaining sufficient funds to cover all applicable fees.

Liability

Inter.lyBanking shall not be liable for:

  • Any indirect, incidental, special, or consequential damages
  • Loss of profits, revenue, data, or use
  • Delays or failures caused by third parties or events beyond our control
  • Unauthorized transactions where you have failed to maintain security of your credentials

Our total liability for any claim related to these Terms or our services shall not exceed the fees you paid to us in the 12 months preceding the claim.

Termination

Either party may terminate this agreement by providing 30 days written notice. We may terminate immediately if:

  • You breach these Terms
  • We suspect fraudulent or illegal activity
  • Required by law or regulatory authority

Upon termination, you must cease all use of our services. Any outstanding fees remain payable, and we may deduct these from your account balance before returning remaining funds.

Governing Law

These Terms shall be governed by and construed in accordance with the laws of Puerto Rico, without regard to its conflict of law provisions.

Any disputes arising under or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of San Juan, Puerto Rico.

International clients acknowledge that accounts are maintained under Puerto Rican law and that deposits are not insured by the FDIC or any other U.S. deposit insurance program.

Changes to Terms

We may modify these Terms at any time. When we make material changes, we'll notify you through your preferred communication channel or by posting a notice on our website.

Your continued use of our services after changes become effective constitutes acceptance of the revised Terms. If you don't agree to the changes, you must close your account and stop using our services.

It's your responsibility to review these Terms periodically for updates. The "Last Updated" date at the top indicates when these Terms were last revised.

Acceptance of Terms

By using Inter.lyBanking's services, you acknowledge that you have read, understood, and agreed to be bound by these Terms and our Privacy Policy.

If you have any questions about these Terms, please contact us at legal@inter.lybanking.com before using our services.