Terms and Conditions – World Corp Transfer Services

Last updated: 5 December 2025

These Terms and Conditions govern the use of all services provided by World Corp Transfer Services Limited and its affiliated entities (collectively referred to as “WCTS”, “we”, “us”, or “our”). By opening an account, instructing us to execute a transaction, or using any of our services, you (“Client”, “you”) accept and agree to be bound by these Terms and Conditions in their entirety.

1. Company Information and Regulatory Status

World Corp Transfer Services operates through regulated entities in multiple jurisdictions:

  • United Kingdom – World Corp Transfer Services Ltd, authorised and regulated by the Financial Conduct Authority (FCA) as a Payment Institution.
  • Germany – World Corp Transfer Services GmbH, registered with BaFin as a payment institution / account information service provider.
  • Lithuania – World Corp Transfer Services UAB, authorised by the Bank of Lithuania as an Electronic Money Institution.
  • Switzerland – World Corp Transfer Services AG (operating under Swiss financial intermediary rules where applicable).

We act exclusively as a financial intermediary and transfer/paying agent. We do not provide investment advice, credit, or lending services.

2. Scope of Services

We provide the following regulated and non-regulated services:

  • Holding of client money in safeguarded segregated accounts
  • Execution of payment transactions (SEPA, SWIFT, Faster Payments, etc.)
  • Escrow and conditional payment services
  • Transfer agent and paying agent services for corporate actions
  • White-label payment and API solutions

3. Client Eligibility

You must be at least 18 years old and have full legal capacity. Corporate clients must be validly incorporated and provide all requested due-diligence documentation.

We reserve the right to refuse or terminate service to any person or entity at our sole discretion, in particular where we suspect money laundering, terrorist financing, fraud, or breach of sanctions.

4. Client Due Diligence and KYC

You agree to provide accurate, complete, and up-to-date identification and verification documents as required under applicable anti-money-laundering (AML) and know-your-customer (KYC) regulations. We may use third-party providers to verify your identity.

Enhanced due diligence will be applied to high-risk clients, politically exposed persons (PEPs), and transactions involving high-risk jurisdictions.

5. Client Money and Safeguarding

All client funds are held in segregated client accounts at Tier-1 EEA or UK credit institutions, completely separate from our own funds. In the event of our insolvency, client money is protected under applicable safeguarding rules (FCA CASS rules, Lithuanian safeguarding regime, etc.). Client money is not covered by deposit guarantee schemes (FSCS, DGS, etc.).

6. Fees and Charges

Our fees are set out in the separate Fee Schedule provided to you or published on our website. We may deduct our fees directly from funds held on your behalf. Currency conversion is performed at the rate displayed at the time of instruction plus any applicable FX markup.

7. Execution of Payment Orders

We will execute correctly submitted payment instructions as soon as practicably possible during normal business hours. You are responsible for ensuring instructions are correct. Once executed, payment orders are generally irrevocable.

Cut-off times, value dates, and execution timeframes vary by currency and payment scheme.

8. Escrow and Conditional Payments

Where we provide escrow services, funds will only be released or returned in accordance with the signed escrow agreement or written joint instruction of all parties. If no valid instruction is received within the agreed long-stop date, we reserve the right to return funds to source or interplead the funds with a competent court.

9. Liability

We shall not be liable for:

  • Any delay or failure caused by events beyond our reasonable control (force majeure)
  • Losses arising from incorrect instructions or information provided by you
  • Indirect, consequential, or punitive damages

Our maximum aggregate liability under any single contract or transaction shall not exceed the amount of fees paid by you to us in the preceding 12 months.

10. Termination and Account Closure

Either party may terminate the business relationship with 30 days’ written notice. We may suspend or terminate services immediately if we reasonably believe you have breached these Terms, applicable law, or if required by a regulator or law enforcement authority.

Upon termination, any remaining safeguarded funds (after deduction of fees and charges) will be returned to a bank account in your name.

11. Complaints

We operate an internal complaints procedure. Complaints should be sent in writing to admin@worldcorptransferservices.com. If you are not satisfied with our final response, eligible clients may refer the matter to the relevant financial ombudsman service in the UK (Financial Ombudsman Service), Lithuania (Bank of Lithuania), or equivalent body.

12. Governing Law and Jurisdiction

These Terms are governed by English law. Any dispute shall be subject to the exclusive jurisdiction of the courts of England and Wales, except where mandatory local consumer protection rules require otherwise.

13. Amendments

We may amend these Terms by giving you at least two months’ notice (unless shorter notice is required by law or regulation). Continued use of our services after the effective date constitutes acceptance of the amended terms.

14. Contact

World Corp Transfer Services Email: legal@worldcorptransferservices.com Website: www.worldcorpttransfer.com

By using our services, you confirm that you have read, understood, and agree to these Terms and Conditions.