Terms & Conditions

Last Updated: January 2024

1. Agreement to Terms

By accessing and using this website and the services provided by IBAN Verify ("Company," "we," "us," "our," or "Service"), you accept and agree to be bound by and comply with these Terms & Conditions and our Privacy Policy. If you do not agree to abide by the above, please do not use this service.

These terms and conditions are applicable to all visitors, users, and others who access the service. If you disagree with any part of these terms, then you may not use our services.

2. Use License

Permission is granted to temporarily download one copy of the materials (information or software) on IBAN Verify's website for personal, non-commercial transitory viewing only. This is the grant of a license, not a transfer of title, and under this license you may not:

Modifying or copying the materials
Using the materials for any commercial purpose or for any public display (commercial or non-commercial)
Attempting to decompile, reverse engineer, or disassemble any software contained on the website
Removing any copyright or other proprietary notations from the materials
Transferring the materials to another person or "mirroring" the materials on any other server
Using our API or services to provide competing services
Reselling, sublicensing, or offering our services as your own

3. Service Description

IBAN Verify provides the following services:

IBAN (International Bank Account Number) validation and verification
BIC/SWIFT code lookup and validation
US Routing Number validation
UK Sort Code validation
Indian IFSC code validation
Bank account verification
Batch account validation processing

Services are provided "as is" without warranties of any kind. We strive for accuracy but cannot guarantee 100% accuracy in all validations, especially for real-time balance or status checks.

4. User Responsibilities

As a user of our services, you agree to:

Provide accurate, complete, and truthful information during registration
Maintain the confidentiality of your account credentials
Not share your API keys or access tokens with unauthorized parties
Use services only for legitimate, lawful purposes
Not use services in violation of applicable laws or regulations
Not attempt to gain unauthorized access to the system
Not engage in any fraudulent or deceptive activities
Notify us immediately of any unauthorized use of your account
Comply with all applicable KYC/AML (Know Your Customer/Anti-Money Laundering) regulations

5. Prohibited Uses

You agree not to use the service for:

Illegal activities or in furtherance of illegal purposes
Money laundering, terrorist financing, or sanctions evasion
Fraud, deception, or misrepresentation
Harassment, abuse, or threatening behavior
Spamming, phishing, or other malicious activities
Distributing malware or harmful code
Excessive API usage that disrupts service for other users (rate limiting applies)
Scraping or automating data collection without authorization
Circumventing security measures or authentication controls

Any violation of these terms will result in immediate termination of your account and services without refund.

6. API Usage and Rate Limits

6.1 Rate Limiting

API usage is subject to rate limits based on your subscription plan. Excessive requests may be throttled or blocked. Attempting to circumvent rate limits is prohibited.

6.2 API Keys

API keys are personal and non-transferable
You are responsible for keeping API keys confidential
Do not share API keys in public repositories or documentation
Regenerate keys if you suspect compromise
We reserve the right to revoke keys that show signs of abuse

6.3 API Uptime

We aim for 99.5% uptime but make no guarantees. Scheduled maintenance may cause temporary unavailability. We will provide notice when possible but are not liable for downtime-related losses.

7. Subscription Plans and Billing

7.1 Subscription Terms

Subscriptions are billed on a monthly or annual basis
Billing occurs on the date you subscribe and repeats on that date each billing period
You are responsible for maintaining current billing information
Failed payments may result in service suspension

7.2 Cancellation and Refunds

You may cancel your subscription at any time
Cancellation takes effect at the end of the current billing period
Refunds are generally NOT provided for partial months/years of service
Refunds for billing errors will be processed within 30 days
In case of service failure, we may issue prorated refunds at our discretion

7.3 Price Changes

We reserve the right to change subscription prices at any time. Price changes will take effect at the next billing cycle. We will provide at least 30 days' notice for significant price increases.

8. Intellectual Property Rights

8.1 Our Intellectual Property

All content, features, and functionality (including software, technology, data, and documentation) are owned by IBAN Verify, its licensors, or other providers of such material. These are protected by copyright, trademark, and other intellectual property laws.

8.2 Your Content

By using our services, you grant IBAN Verify a worldwide, non-exclusive license to use, copy, process, and analyze data you provide solely for the purpose of delivering our services and improving our systems.

8.3 Restrictions

You may not reproduce, duplicate, copy, sell, resell, or exploit any portion of our services without express written permission from IBAN Verify.

9. Warranties and Disclaimers

9.1 As-Is Basis

The website and services are provided on an "as is" and "as available" basis. IBAN Verify makes no representations or warranties of any kind, express or implied, regarding the operation or content of the website or services.

9.2 Disclaimers

To the fullest extent permissible pursuant to applicable law, IBAN Verify disclaims all warranties, express or implied, including but not limited to implied warranties of:

Merchantability
Fitness for a particular purpose
Non-infringement of intellectual property rights
Accuracy or completeness of information

9.3 Validation Accuracy

While we strive for high accuracy, validation results are provided for informational purposes and should not be considered as legal or financial advice. Always verify bank account details through official banking channels.

10. Limitation of Liability

10.1 Maximum Liability

In no event shall IBAN Verify, its officers, directors, employees, or agents be liable to you for any indirect, incidental, special, consequential, or punitive damages, regardless of whether such damages arise from contract, tort, strict liability, or any other theory of liability.

10.2 Direct Damages Cap

Our total liability for direct damages shall not exceed the amount you have paid to IBAN Verify in the 12 months preceding the claim.

10.3 Excluded Damages

This limitation applies to damages arising from:

Loss of data or business
Loss of profits or revenue
Loss of goodwill
Service interruptions
Third-party claims
Use of data provided to third parties

11. Indemnification

You agree to indemnify and hold harmless IBAN Verify and its officers, directors, employees, and agents from any and all claims, liabilities, damages, losses, and expenses arising from or related to:

Your use of our services
Violation of these terms or applicable laws
Infringement of intellectual property rights
Your account or API key compromise
Use of our services to facilitate illegal activities

12. Third-Party Services

Our website may contain links to third-party websites and services. We are not responsible for the content, accuracy, or practices of these third-party services. Your use of third-party services is governed by their own terms and conditions. We do not endorse or warrant any third-party service.

13. Account Termination

13.1 Termination by You

You may terminate your account at any time by contacting us or using account management tools. Upon termination, you are no longer granted access to the services.

13.2 Termination by Us

We may suspend or terminate your account immediately without notice if:

You violate these terms or applicable laws
You engage in fraudulent or malicious activity
You abuse API resources or cause system disruption
Your use violates compliance regulations (AML, KYC, sanctions)
Payment fails and cannot be resolved

13.3 Data After Termination

Upon termination, we may delete your account data in accordance with our retention policies. You are responsible for backing up important information before termination.

14. Data and Compliance

14.1 Data Protection

Your use of our services is subject to our Privacy Policy. You acknowledge that our services may process personal data and you are responsible for compliance with applicable data protection laws.

14.2 Regulatory Compliance

You represent and warrant that:

Your use complies with applicable laws in your jurisdiction
You comply with KYC/AML regulations
You do not use services for sanctioned countries or individuals
You have proper authorization to use account data

14.3 Data Processing Agreement

For business users processing personal data, a Data Processing Agreement (DPA) is available upon request. Contact legal@ibanverify.com for more information.

15. Dispute Resolution

15.1 Informal Resolution

In the event of a dispute, you agree to first attempt to resolve the matter informally by contacting us at support@ibanverify.com.

15.2 Governing Law

These Terms & Conditions are governed by and construed in accordance with the laws of the United Kingdom, without regard to its conflict of laws principles.

15.3 Jurisdiction

You agree to submit to the exclusive jurisdiction of the courts located in London, United Kingdom for resolution of any disputes.

15.4 Arbitration (Optional)

For disputes exceeding �5,000, either party may elect binding arbitration under the rules of the London Court of Arbitration (LCIA) as an alternative to litigation.

16. Limitation Period

Any legal action or proceeding relating to these terms must be commenced within one (1) year after the cause of action arises, or be forever barred.

17. Severability

If any provision of these terms is found to be unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from these terms and shall not affect the validity and enforceability of any remaining provisions.

18. Entire Agreement

These Terms & Conditions, together with our Privacy Policy and any other policies referenced herein, constitute the entire agreement between you and IBAN Verify regarding the subject matter and supersede all prior negotiations, representations, and agreements.

19. Changes to Terms

IBAN Verify reserves the right to modify these terms at any time. Changes are effective immediately upon posting to the website. Your continued use of the service following the posting of revised terms means that you accept and agree to the changes. We will provide notice of material changes via email or prominent website notice.

20. Service Level Agreement (SLA)

20.1 Uptime Guarantee

IBAN Verify commits to providing services with 99.5% uptime monthly, excluding scheduled maintenance and events beyond our control.

20.2 Scheduled Maintenance

We conduct scheduled maintenance typically during off-peak hours. Maintenance windows will be announced when possible but may occur with minimal notice in critical situations.

20.3 Service Credits

If uptime falls below 99.5% in any month, applicable service credits will be issued according to our SLA documentation. Credits are the sole remedy for uptime issues.

21. Contact and Support

For questions about these terms or to report violations:

IBAN Verify - Legal Team
Email: legal@ibanverify.com
Support: support@ibanverify.com
Website: www.ibanverify.com
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