1. What are the requirements to use the Services?
- You must accept and agree to these Terms and our Privacy Policy;
- You must register with us on the Application.
- You must provide all information requested by us, such as your name, email address, mobile device number, BVN, NIN, online credentials for your Bank Account, and such other information as we may request from time to time (collectively, “User Information”)
- You acknowledge and agree that when we or our third-party service providers access and retrieve information from such third-party websites, we and our third-party service providers are acting as your agent, and not the agent of or on behalf of the third party. you acknowledge and agree that when we or our third party service providers receive your bank account, debit or payment card and/or other security information in relation to the debiting or crediting your bank account(s), you have automatically authorized debits and credits from and to your bank account as applicable. You agree that other third parties shall be entitled to rely on the foregoing authorization, agency, and power of attorney granted by you. You understand and agree that the Services are not endorsed or sponsored by any third-party account providers accessible through the Services. We make no effort to review information obtained from the financial institution holding your Bank Account and other third-party websites and databases for any purpose, including, but not limited to, accuracy, legality, or non-infringement.
- For our compliance purposes and in order to provide the Services to you, you hereby authorize us to, directly or through a third party, obtain, verify, and record information and documentation that helps us verify your identity and Bank Account information. When you register for the Services and from time to time thereafter, we may require you to provide and/or confirm information and documentation that will allow us to identify you, such as: A copy of your government-issued photo ID, such as a passport, national identity card or driver’s license; Bank Verification Number (BVN), National Identity Number (NIN), A copy of a utility bill, bank statement, affidavit, or other bill, dated within three months of our request, with your name and Nigerian street address on it; and Such other information and documentation that we may require from time to time.
2. How do I use the Services?
The purpose of the Services is to help you save and invest with minimal effort.
- We debit your debit card (the amount you specify, subject to applicable law). You can request for your savings at any time or on any of our payout days, depending on the specific product under the Services. Funds may be transferred to your RIBS Account from any available options on the Website.
- You may not use the funds in your RIBS Account to make purchases, withdraw cash or for any other purpose not provided on the Website.
3. How do I check the balance in my Ribs Account?
You may obtain information about the balance of funds in your Ribs Account at any time by logging into your account on the Website.
4. Your Consent to use Electronic Signatures and Communications
Your Consent. To the extent permitted by applicable law, you consent to use electronic signatures and to electronically receive all records, notices, statements, communications, and other items for all services provided to you under these Terms and in connection with your relationship with us that we may otherwise be required to send or provide you in paper form (e.g., by mail). By accepting and agreeing to these Terms electronically, you represent that: (1) you have read and understand this consent to use electronic signatures and to receive Communications electronically; (2) you satisfy the minimum hardware and software requirements specified below; and (3) your consent will remain in effect until you withdraw your consent
5. Termination, Restriction or Suspension of Ribs Account
We reserve the right to terminate, suspend and/or restrict your Ribs Account,or your use our Services where:
- we reasonably believe that any transactions or activities on your Ribs Account, are suspicious; you are creating problems or possible legal liabilities for us or other third parties; we reasonably believe that such restrictions will improve the security of the application or reduce our or another person’s exposure to financial liabilities; we reasonably believe that you are acting inconsistently with these Terms or our policies; despite our reasonable endeavours, we are unable to verify or authenticate any information you provide to us; or we deem it fit for any reason and at any time, in our interest and that of other third parties.
- Where we suspend, prohibit or block your access to our Services you must not take any action to circumvent such suspension or prohibition or blocking (including without limitation creating and/or using a different account).
- To the extent permitted by applicable law, we may terminate (or suspend access to) your use of our Services.
6. How can I contact Ribs
If you have any questions, complaints, feedback comments, or concerns regarding these Terms or the Services, please contact us at info@ribs.com.ng, +234 9060 3687 76 or
+234-7030 0001 23. When you contact us, please provide us with the relevant information we need to verify your account.