Who is Muniy
These legal terms (English law applies and disputes will be settled by English courts) are between you and Muniy Limited (Muniy/us/we) and you agree to them by using the Muniy app and website (the terms app and website also include any associated servers, databases, and other software) .
How to contact us
You can contact us through the Muniy app, email us at firstname.lastname@example.org or call us on +44 7482 189 389.
Or send a letter to:
152-160 City Road
London, EC1V 2NX
How we'll contact you
We'll contact you in English through the app or by email. We may also write to you at the address you have given to us.
We may also send you instant notifications when you spend or receive money.
Where is your money?
Muniy brings you the app and the website which enable you to access your money. We do not hold your money or provide a card for you to spend your money with. We collaborate with PayrNet Limited, ("PayrNet") who provide an e-money account where your funds are held (your account). Your agreement with them is listed here: PayrNet Terms.
The funds in your account will not earn any interest. We will have no liability or responsibility for your money or any failure by PayrNet to provide services to you, unless that failure is due to a breach by us of these terms and conditions.
We do not provide any financial services to you that are regulated in the UK, including for the avoidance of doubt, any regulated payments, e-money, banking services or arrangements with a view to transactions in investments.
Cornercard UK Ltd (“Cornercard”) provides you with a debit card or a virtual card which can be managed in the secure area of our app or website. Your agreement with Cornercard is here: Cornercard terms. It sets out when your payments can be blocked, when your card can be blocked and what happens if you lose the card, or would like a refund on a transaction. We will have no liability or responsibility for any failure by Cornercard to provide services to you, unless that failure is due to a breach of us of these terms and conditions.
You need to keep enough money in your account to make payments including any additional fees. If there is no money in your account services may be disabled and transactions may be rejected until there are sufficient funds.
This card is issued by Cornercard UK Limited pursuant to license by Mastercard International. Cornercard UK Limited is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900186).
Fees and charges
You can withdraw up to £500 from ATMs in any rolling 30-day period without any fees. Both we and Cornercard can change this amount at any time upon notice to you.
At this time, there are no fees for overdraft or payments in a foreign currency. Both we and PayrNet can change this amount at any time upon notice to you.
You agree to us using your information
We collect information with our partner HooYu, which is needed to verify your identity. The information we collect is: proof of identity (photo of passport, ID, and/or driver's licence); proof of address (photo of utility bill or bank statement); selfie; and the information contained on them (name, address, birth date).
With our banking partners we will share your:
- birth date;
- country of residence; and
- know your customer score.
We may also share a review regarding politically-exposed and/or high risk individuals from HooYu, or our KYC/sanctions data provider at the time. We will also be providing Railsbank, from whom we license software, with transaction data from users, e.g. transaction amounts, recipients, target account numbers, etc.
If something goes wrong
Please keep your phone, card and PIN safe at all times. If we discover any security issues affecting your account, we’ll contact you as soon as possible in the most secure way.
If you lose your card or it is stolen or see transactions in the app that look wrong, freeze your card if you are able and tell us as soon as possible.
You should make yourself aware of Cornercard’s policies about refunding your money in the “Cornercard Terms” here: https://muniy.com/cornercard-terms.html. If there are issues to do with arranging payments with third parties, these are dealt with by PayrNet in the “PayrNet Terms” section here: https://muniy.com/payrnet-terms.html.
Save for our obligation to be the first point of contact for any initial complaints (before you are directed to Cornercard or PayrNet) we shall have no obligation or responsibility for the operation and provision (or lack of operation or provision) of services in connection with your account.
Closing your account
You can cancel your account within the first 14 days of opening it, or close it at any other time with 48 hours notice.
If you’d like to close your account, please get in touch with us. You'll need to repay any money you owe us before we can close your account. Once we've closed it, your card won't work and you won't be able to access your account.
We can close your account by giving you at least one months' notice. We may close your account or stop you using your card and app immediately if we believe you've:
- broken the terms of this agreement
- put us in a position where we might break the law
- broken the law or attempted to break the law
- given us false information at any time
- been abusive to anyone at Muniy or a member of our community.
How to make a complaint
If you have a complaint, please contact us and we'll do our best to fix the problem.
Making changes to this agreement
This agreement will always be available in the app and on our website.
We can make changes to it for any reason. If we make changes to it then we'll tell you once we've made them.
If you don't agree to these changes, you can let us know and we'll close your account. We'll transfer any money in the account to another account of yours, and you'll need to pay back any money you owe us. If we don't hear from you, we’ll assume that you’re happy with the changes we’ve made. Using the App and Website
You undertake not to adapt, modify, copy, reproduce, reverse engineer, publish, redistribute, sell, sub-license, exploit, or otherwise part with or make any other use of the app or the website, the intellectual property in the app or website , any data on the app or website, or the concept of the app or website more generally except for internal business purposes or to the extent required by law, nor to authorise, enable or assist any third party in doing so.
Our Responsibility for Loss or Damage Suffered by You
To the fullest extent permissible by law, we exclude and disclaim all warranties, terms, conditions and representations that might otherwise be implied by law in relation to our app. In particular, we do not represent or warrant that the app will be error-free, free of viruses or other harmful components, or that defects will be corrected. You must take your own precautions in this respect.
In any event, we will not be liable for any loss or damage caused by an attack from hackers or other malicious third parties (on the user, account, the app, website or the overall system), a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our app and website.
We do not accept liability for any failure to maintain the app and website.
Please note that we only provide our app and website for personal and private use, and you agree not to use our app and website site for any commercial or business purpose.
We do not accept any liability for the following types of loss, even if the loss is foreseeable: loss of income or revenue, loss of business, loss of profits, loss of anticipated savings, loss of data or waste of management of office time.
The app and/or website may contain inaccuracies and typographical errors. We do not warrant the accuracy or completeness of the website or app.
We shall not be liable for any loss caused as a result of your actions or inactions based on the app and/or website. However, nothing in these terms and conditions shall affect your statutory rights, and nothing in these terms and conditions shall exclude our liability for death or personal injury arising through negligence, for fraud or fraudulent misrepresentation and/or anything else that cannot be excluded or limited by us under English law.