These terms and conditions will serve as a basis of your banking relationship with our bank ("Horrizon Pay"). By choosing to open an account with us, you agree to the terms and conditions contained herein. You also agree to comply with the following policies which also apply to your use of our services and are incorporated by reference into these terms and conditions:
If you do not agree to these terms and conditions, please do not proceed and exit the mobile application or the website immediately and do not proceed with the account opening steps. Also, please be informed that we reserve the right to terminate your relationship with us if we believe that you have violated any of these terms.
For ease of understanding, "You", "your", "Customer" means the person who seeks to enter into a banking relationship with Horrizon Pay and agrees to these terms and conditions, while "We", "us", "our", shall mean Horrizon Pay, and following an assignment, any person or company to whom our rights herein are assigned.
Our bank is a full-service financial institution operating digitally. Our deposits are insured in accordance with applicable laws and regulations.
The objective of establishing a relationship with Horrizon Pay is to receive special services on offer by Horrizon Pay for its customers. The Bank will create and manage a bank account for the customer, as well as provide certain financial services including but not limited to savings, the granting of credit facilities, bill payments, and any other service we are permitted by law to provide.
These terms are applicable when you choose to open an account with the Bank and Horrizon Pay generates an account number for you. We may, at any time, modify the terms and conditions of our relationship but will inform you of any modifications to these terms and conditions. These modifications may be due to changes in our business practices or service offerings or in response to changes in applicable laws.
In the event of a dispute arising out of or in connection with these terms and conditions, both parties agree to first attempt to resolve the dispute amicably. If the dispute cannot be resolved amicably within 30 days, it shall be referred to mediation or arbitration in accordance with the rules of the applicable arbitration institution, as agreed by both parties.
Either party may terminate this agreement by providing a written notice of termination to the other party. Upon termination, you agree to settle any outstanding obligations with Horrizon Pay. Horrizon Pay reserves the right to terminate this agreement immediately in case of any breach of these terms and conditions by you.
These terms and conditions shall be governed by and construed in accordance with the laws of the jurisdiction in which Horrizon Pay is incorporated. Any disputes arising under or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts of that jurisdiction.
In addition to all transactions that are ordinarily prohibited by Nigerian law and activities not expressly permitted under these terms and conditions or any other terms we provide to you in connection with any services we provide, you are expressly prohibited from using your account to carry out transactions relating to any of the following: (a) fraud, money laundering and terrorism financing; (b) activity related to the making or receiving of payments relating to cryptocurrency fraud and related digital currency fraud transactions; (c) any goods or services that are dangerous, violent, or present an unreasonable risk to consumer safety (e.g., firearms, weapons, explosives, ammunition, and related accessories.) (d) activities related to pornography, pornographic subscriptions, prostitution, pay-per view, adult live chat, escort or companionship services, or any other obscene materials (including literature, imagery, and other media); any product or service that promotes underage, non-consensual, or other illegal sexual themes. Activity involving child endangerment, including anything that sexualizes minors or appeals to children but contains adult themes; (e) activities with elevated financial risk, legal liability, or violates card network rules or bank policies. Activity involving unlawful or illegal goods or services, including any federal or state law, statute, regulation, or ordinance. Activity related to bribes and corruption Activity that may be in violation of applicable laws. Activity relating to unlicensed and illegal sports betting, casino games and poker games; (f) pyramid selling or Ponzi schemes, or other “get rich quick” schemes; and (g) any activities we notify you are prohibited. If you use or attempt to use your account for any Prohibited Transactions or such other unlawful purposes, we reserve the right, without liability to: (i) - restrict your account; (ii)- refuse to process the transaction; (iii)- report the transaction to the relevant regulator or law enforcement agency; and (iv)- take any other lawful step in accordance with our regulatory obligations.
Numbers that speak about banking service.
178 Branches around the country
More than 20.4 million customers
1.6k professional employees
45.6k Cr loans for 67k customers