Right to Refuse or Restrict Access
At Deposit Guardian, we reserve the right to suspend, limit, or close your Deposit Services Account at our discretion, without prior notice and without the need to provide a reason. We may take such action to protect our platform, users, and financial partners.
Reasons We May Limit or Close Your Account
Your access to your Deposit Services Account may be restricted or terminated without notice if:
- You breach any of our terms, including this Product Disclosure Statement (PDS) or our Escrow Terms
- You are involved in illegal, fraudulent, or prohibited activity
- You are subject to sanctions under Australian, U.S., UN, EU, or other applicable sanctions regimes
- You may have violated intellectual property rights or legal rights of another party
- Our banking or payment partners prohibit us from transacting with you
- We identify a risk of financial loss to us, another user, or third party
- Or for any other reason, at our sole discretion
What Happens If Your Account Is Closed
If your account is closed for a reason other than a breach of our terms, you will still be entitled to receive the funds held in your Deposit Services Account. We will make arrangements to return those funds to you.
However, if the closure or restriction is due to a breach of our terms, you will be responsible for:
- Paying all outstanding fees owed to us
- Reimbursing any losses or damages we incur
- Covering our investigation and legal costs, including employee time and legal fees
Legal Rights and Damages
By using our services, you agree that:
- A breach of our terms may result in significant financial harm to us, including potential penalties from our banking and payment partners
- These damages may be difficult to quantify, but you accept liability for any such consequences
- We may pursue legal action to recover losses resulting from your breach
No Liability for Closure or Restriction
We are not liable for any loss or damage resulting from the suspension, limitation, or closure of your Deposit Services Account. You acknowledge and agree that you will have no claim against Deposit Guardian in such cases.