Please find a link to Currencycloud’s terms of use here. Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011. The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000206794359). CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate #57129). which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. Such expenses are called outstanding expenses. For clients based in the United States, payment services for Teampay Corporation are provided by The Currency Cloud Inc. There are expenses that are due but have not been paid as of the end of the current accounting period. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail. However, if the owner of the business has paid business expenses using a personal credit card then they need to be recorded as expenses of the business in the accounting records. Pass-through insurance is only available if certain conditions have been met, and there may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. It’s always better to separate personal and business expenses as it simplifies the bookkeeping. FDIC insurance is available on customer funds through pass-through insurance at Choice Financial Group, Member FDIC where we have a direct relationship for the placement of deposits and into which consumer funds are deposited. The Teampay Card is issued by Choice Bank, which is a division of Choice Financial Group, Member FDIC, pursuant to licenses from Mastercard.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |