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What is Hufsy?
What is Hufsy?
General Terms And Conditions - Hufsy
General Terms and Conditions are applicable for all services of Hufsy ApS (“Hufsy”, Titangade 11, 2200 Copenhagen, Denmark) offered via the mobile application (“Mobile App”) or via the online interface (“Web App”).
Hufsy offers business customers two types of services:
• Connect to an existing business bank account service via Hufsy’s partner Figo GmbH (“Hufsy Light”).
• Open a current business bank account via Hufsy’s partner solarisBank AG.
2. Objective of Service
Hufsy provides small businesses a banking platform handling all their finances in one place.
An existing business bank account may be connected to the platform or the user may create a bank account with a Hufsy partner bank via the platform.
For avoidance of doubt, Hufsy does not provide nor is obliged to provide banking services, as those are provided by the partners of Hufsy. Terms between the user and the partners of Hufsy pertaining to access and use a connected bank account shall be agreed between the involved parties, and do not relate to Hufsy. While the Hufsy platform is intended to assist the user in procuring the desired services, the user assumes responsibility for adherence to agreed-upon terms with the partners of Hufsy.
The registration process for the Hufsy platform includes the creation of a username and password, which are then used during user login. The username is the user’s email address, which is verified during registration.
4. Account Opening
After opening the Mobile App or accessing the Web App, the registration process begins and Hufsy collects and evaluates the information required to conclude a contract for opening an account on behalf of solarisBank AG.
The following data is collected during the registration process:
• Name, Surname
• Date and place of birth
• Mobile phone number
• FATCA tax information
As a security measure the customer’s mobile phone is linked to the account enabling strong authentication. During the registration process a SMS (“mTAN”) is sent with a one time code, which is used to verify the linked mobile telephone.
5. Identity verification
Hufsy is legally obliged to verify the customer’s identity. A video based verification of a natural person is carried out for that purpose (via IDNow GmbH). Hufsy is not liable for any unsuccessful or inaccurate identification procedures of the natural person.
6. Connecting to an Existing Account
During the registration process a customer has an alternative option to select: ‘Connect to your business bank account’, a service provided by Figo GmbH. The customer selects the German business bank account and goes through the standard authentication process with the bank. If the process is successful the account is connected and the customer can use Hufsy to manage the account.
7. Data Protection
Hufsy collects, processes and uses the customer’s personal data only for the purpose of fulfilling a customer’s contract, following the necessary legal obligations of the Federal Republic of Germany.
8. Sharing Personal Information
The user agrees that Hufsy may share personal information with the partners of Hufsy for the purpose of facilitating the application of services or with public authorities, to the extent required by law.
9. Appropriate use of the Platform and terms and conditions of partners
The user accepts to comply to terms and conditions of Hufsy’s partners when using the platform.
Figo Terms & Conditions
Conditions for online banking using the Hufsy platform
General Terms and Conditions of solarisBank AG
Conditions for SEPA transfers
Conditions for payments by direct debit through SEPA Direct Debit Core
Conditions for payments by direct debit through SEPA Direct Debit B2B
Conditions for the direct debiting
Reference to the scope of the Deposit Guarantee Scheme
10. Applicable Law
The law of the Federal Republic of Germany is applicable for the business relationship between you and Hufsy.
11. Changes to Terms and Conditions
Hufsy reserves the right to change, modify or add terms and conditions as Hufsy deems fit. The customer will be informed of any changes, modifications and additions by email.
Except for the express warranties stated herein, Hufsy hereby disclaims all warranties, including all warranties of merchantability, fitness for a particular purpose and noninfringement.