In a nutshell: yes.
The reasons for it are the following:
Using a personal account for commercial purposes.
According to our T & Cs, a personal account can only be used for private use. Any wire transfers relating to professional fees for services provided and/or products sold are considered commercial transactions. If you wish to use your account for this purpose, sign up for a Trustcom Business account https://trustcomfinancial.com/open-business-account/
Provide incorrect or insufficient information for a routine check.
We offer an online financial service, so sometimes we might perform transaction checks.
If you do not provide correct and/or sufficient information about the transaction in question, we have the right to terminate the business relationship, in compliance with Lithuanian financial regulations.
The manifestation of abusive behaviour towards Trustcom Financial employees.
We would not tolerate offensive behaviour towards our employees. The threat of physical harm or general abusive behaviour can be considered a crime and will be reported to the respective authorities without exception.
For more information, we recommend that you visit our terms and conditions section https://trustcomfinancial.com/legal-agreements/
How can I close my Trustcom financial account?
You can close your Trustcom Financial account by notifying our customer support team by email at firstname.lastname@example.org. Before closing it, be sure to cover any debts on the account. If you still have funds in your account, be sure to transfer ...
Does Trustcom Financial charge fees for closing my account?
Trustcom Financial does not charge any fees to close your account, unless additional operations are required (for example, if we have to transfer the remaining funds from your account to the new one for you). Receive chat support, available from 9 ...
How to open a Trustcom financial account?
It takes 2 business days to open an account, but the whole process may be delayed if all required documents have not been provided. To open an account it is sufficient to be resident in Italy and not have tax residence in the United States. You can ...
Do I have to declare my Trustcom financial account?
Trustcom proposes the opening of a Lithuanian and therefore foreign online account, with IBAN and prepaid card. Opening an account abroad is a legal and permitted operation: you simply have to comply with the regulations of the country of residence ...
How long does it take to close my account?
It takes up to 3 business days for your Trustcom Financial account to be closed, if there are no outstanding transactions. At the end of the closing operation, we will inform you by email. Receive chat support, available from 9am to 6pm (CEST) on ...