EFFECTIVE DATE: February 3rd, 2020
LAST UPDATED: January 14th, 2020
“Terms”) carefully. This website and any other Boxsite website, its
affiliates or agents (collectively, the “Site”) and the information
on it are controlled by Boxsite Ltd. These terms govern the use of the Site and
apply to all internet users visiting the Site by access or using the Site in
any way, including using the services and resources available or enabled via
the Site. By clicking on the “I Accept” button, completing the
registration process, and/or browsing the Site, you represent that (1) you have
legal age to form a binding contract with our company and enter into the terms
ACCESS OR USE THIS SITE OR THE SERVICES.
Acceptance of Terms
Welcome to Boxsite (boxsiteantigua.com),
refer to the individual that uses the Service. “We”, “us”, or “our” also refer
Boxsite provides an online platform, process
and service (the “Service”) that allows members to connect directly with each
other to share money amongst themselves via a Box (Group Savings).
PLEASE NOTE THAT THE TERMS ARE SUBJECT TO
CHANGE BY BOXSITE IN ITS SOLE DISCRETION AT ANY TIME. When changes are made, Boxsite
update the “Last Updated” date at the top of the Terms. Any changes
to the Terms will be effective immediately for new members of the Site, and
will be effective thirty (30) days after posting notice of such changes on the
Site for existing members. Boxsite may require you to provide consent to the
updated Terms in a specified manner before further use of the Site is
permitted. If you do not agree to any changes(s) after receiving a notice of
such change(s), you shall stop using the Site. Otherwise, your continued use of
the Site constitutes your acceptance of such change(s). PLEASE REGULARLY CHECK
THE WEBSITE TO VIEW THE THEN-CURRENT TERMS.
How To Join The Service
The Service consists of an online platform,
EFT processing and support service (the “Service”) that allows members to
connect directly with each other to share money amongst themselves via a Box.
To become a Member and access the Service, you must: (a) successfully complete our
online registration process including the provision of personal identification
information, and (b) connect your personal bank or other financial account
(Credit Union) to the Service.
Once completed, there is a verification
process that can last from one (1) to two (2) business days for your Member
To help the government fight the funding of terrorism and money
laundering activities, Boxsite is required to obtain, verify, and record
information that identifies each person who uses the Service. We are required
to collect information such as the following from you:
If your identity cannot be
verified, we will not be able to provide the Service to you.
“Member” means a person who successfully
completes Boxsite’s registration and approval process.
“Box” means two or more Members coming
together to save a specific amount, by committing to pool their monies together
at different predetermined intervals and alternate receiving the pooled amount
at such intervals.
means the amount of money each Member has to contribute to the Box at each
“Hand” means the total amount of money the
Members Throw together at each interval.
Characteristics” mean the details of a Box; like the number of participants,
Throw and Hand amounts, etc.
“Join” means to accept the key characteristics
of a Box and click the Join button to become a part of that Box.
“Public” means a Box is open for all
eligible Members of the site to Join.
“Private” means a Box was created for a
specific group of Members and can only be joined by those specific Members with
a specific code.
“Handling Fee” means the 2% of your Hand
that goes to Boxsite for providing the platform and services.
How The Service Works
After registration approval, Members are
free to use the site and services. Boxes will already be made available for all
members to choose from with a variety of key characteristics. You may view the
key characteristics of a Box by clicking on the Details option. When you find
the Box(es) that suits you best, you may participate in the Box by clicking
Join and selecting the appropriate available date to receive your Hand.
Money is shared by and between all Members
who have joined a Box. Within a Box, every member contributes the same amount
in instalments (Throw) over the life-time of the Box, and every member of a Box
receives the same amount (Hand) but at different times. All Throw payments are collected
from the Members’ bank accounts simultaneously with one Member of the Box
receiving their Hand, less Boxsite’s Handling Fee, directly into their bank
Boxes may be created by Boxsite or by any Member
of the site if the available Boxes do not suit them. A Member creating a Box
determines the four (4) key characteristics of that Box: (1) the Throw amount
to be contributed by each Member who joins the Box; (2) how long the Box will
go on (it’s life-time) based on how many Members and Hands there are in the Box
(one Hand per Member); (3) the frequency of payments into the Box and payments
out of the Box; (4) whether the Box is Public or Private. The Member also
selects when the Box will start, however, if the required amount of Members do
not join by the selected date, Boxsite will reschedule that Box for another
appropriate start date. While creating a Public Box and the key characteristics
match an already existing Public Box, you will be notified and prompted to join
that Box to prevent duplicates and ensure that all Boxes meet their Member
requirement to start at their selected date.
When creating a Box, the Member will need to
Name that Box. Please refrain from using any names that may be deemed offensive
to Boxsite or any other member of the site. Failure to respect the site and our
members may lead to suspension or dismissal from the site and service. You also
have the option of adding a Note when creating a Box. This is to make the site
somewhat interactive and fun. Please refrain from using any language that may
be deemed offensive to Boxsite or any other member of the site. Failure to
respect the site and our members may lead to suspension or dismissal from the
site and service.
Hand Processing and Time Frames
All Boxes on the site will operate on a
calendar month or a calendar week frequency, depending on the key
characteristics of the Box.
All Boxes with a monthly frequency require that all participating members have their Throw amount available on their linked bank account by the 3rd day of every month, unless the proposed date falls on a public holiday or a weekend. In the aforementioned scenario, the funds should be available on the following business day. All Boxes with a monthly frequency will have their Hands payed out on the 3rd of every month, unless the proposed date falls on a public holiday or a weekend. In the aforementioned scenario, the Hand will be paid out on the following business day.
All Boxes with a weekly frequency require
that all participating members have their Throw amount available on their
linked bank account by the Friday of every week. All Boxes with a weekly
frequency will have their Hands payed out on the Monday of every week, unless
the proposed day falls on a public holiday. In the aforementioned scenario, the
Hand will be paid out on the following business day.
Failure to have funds available on your
account for a Box at the time and in the amounts that a Member agreed to Throw,
will subject the Member to limited or restricted access to the Service,
including preclusion of joining more Boxes or receiving Hand(s) from any Box
that Member has previously joined. A Member’s failure to meet his or her Box
contribution commitments for more than five (5) business days past the original
due date will result in a penalty fee of an additional 3% of the Member’s Hand
from that Box, bringing the total
Handling Fee deducted to 5%.
Statuses and Eligibility
There are four (4) different statuses for
members to be ranked based on their conduct and longevity with the site:
Freshman – A freshly approved member
to the site. This member can only enter a Box with the Hand being $10,000.00 or
less and is not yet eligible to receive the first and second place Hands.
Sophomore – A member who has
completed the life-time of a Box lasting six (6) months or more. This member
can only enter a Box with the Hand being $15,000.00 or less and is not yet eligible
to receive the first place Hand.
Junior – A member who has completed the
life-time of two (2) Boxes lasting six (6) months or more, but not
concurrently. This member can only enter a Box with the Hand being $20,000.00
or less. A Junior has the ability to request an early-partial Hand of up to 50%
of said Hand, in a Box.
Senior – A member who has completed the
life-time of three (3) Boxes lasting six (6) months or more, but not
concurrently. This member has no Hand limits or restrictions. A Senior has the
ability to request an early-partial Hand or an early Hand in a Box.
*It is important to note that there can only be up to two (2) early requests
per member per year, regardless of Status; and approval is solely at the
discretion of Boxsite. Also, in spite of
these Statuses, Members will not be able to Throw any amount that will exceed
50% of their salary, whether in a single Box or multiple Boxes at the same time.
The purpose of these Terms is for you to
secure access to the Service. All fees set forth within and paid by you under
the Terms shall be considered solely in furtherance of this purpose.
You agree to pay all fees or charges relating
to your Boxsite account in accordance with the fees, charges and billing terms
in effect at the time a fee or charge is due and payable. You agree to
immediately notify Boxsite of any changes in your bank account used for payments
hereunder. Boxsite reserves the right at any time to change its prices and
billing methods, either immediately upon posting on Boxsite or by email
delivery to you.
The Handling Fee for any Box will be 2% of
the Hand of each Member in the Box at each interval of that Box over its
life-time. Example 1: if there are three (3) members in a Box and they each throw
$500.00 monthly, the Hand amount will be $1,500.00 each month minus a fee of $30.00
over three (3) months. Example 2: if there are ten (10) members in a Box, and
they each throw $100.00 weekly, the Hand amount will be $1,000.00 each week
minus a fee of $20.00 over ten (10) weeks.
In a situation where an eligible Member
requests an early-partial Hand or an early Hand, the Handling Fee will then be
5% instead of the usual 2%. For example 1 above: the eligible Member who made
the request will receive a Hand of $1,500.00 minus a fee of $75.00 the month of
the request. For example 2 above: the eligible Member who made the request will
receive a Hand of $1,000.00 minus a fee of $50.00 the week of the request.
Members will also pay an annual membership
fee of $50.00, which will be automatically deducted from the Members’ bank
account after Member Account approval. Membership fee is not refundable, but
from time to time, Boxsite as part of a promotional campaign strategy may waive
Financial Terms Information
By entering into these Terms, you also agree
to the terms and conditions of Caribbean Union Bank (CUB), our issuing bank and
payment-processing provider, which requires an original signed document called
a Consent Agreement. This agreement can be viewed here and will
be provided to you upon completion of our registration process.
By entering these Terms, you are authorizing
CUB on behalf of Boxsite to make deposits and withdrawals for your Hands and
Throw amounts in accordance with the key characteristics of your active Box(es)
from your linked bank account. You also authorize CUB on behalf of Boxsite to
deduct your annual membership fee.
All transactions are done electronically by
CUB. In order to become a Member and participate in Boxes, you understand and
agree that Boxsite reserves the right, in its sole discretion, to obtain a
pre-authorization of your banking account in order to verify your account.
Please note that Boxsite cannot control any fees that may be charged to a Member
by his or her bank related to the transactions, and Boxsite disclaims all
liability in this regard. Currently, neither Boxsite nor CUB charges Members
for any transactions.
Electronic Funds Transfers
When you sign up for an account with our
Site you authorize us, to the maximum extent required to complete your
transactions, to share your identity and banking information, and any other
applicable information and payment instructions, with Caribbean Union Bank
responsibility to make sure the data you provide to us is accurate and
When you register a Boxsite Member Account,
you will link a checking or savings account to perform EFTs. EFTs are
electronic transfer of money from one bank account to another, either within a
single financial institution or across multiple institutions, via
All EFT transactions are performed by our
issuing bank Caribbean Union Bank (CUB). Boxsite will provide you with all of
your transactions in your Member Account Dashboard in addition to providing
customer support relating to your Member Account. No Communication should be made
or attempt to be made to CUB regarding your Member Account.
Customer Permission for
Text Messaging/Alerts, Push Notifications and E-Mail
You grant Boxsite express consent to
receiving text messages or push notification alerts from Boxsite, or any
third-party service providers acting on Boxsite’s behalf, at any mobile
telephone number you provide to us. Your express permission applies to messages
and alerts regarding Boxsite Service.
By providing your email address to us, you
agree that Boxsite may e-mail information with regard to our Service,
collections, or any other action related to providing the Service to you.
Accessibility; Account Information
The Service is intended solely for persons
who are 18 or older and who are legally able to enter into a contract. By
accessing or using the Service you represent and warrant that (i) you agree to
be bound by these Terms and (ii) that you are not legally prohibited from
receiving or using the Service under the laws of the country in which you
access or use the Service.
You agree to provide accurate, current and
complete information during the registration process and to update such
information to keep it accurate, current and complete. Boxsite reserves the
right to deny or terminate your account and your access to the Service if any
information provided during the registration process or thereafter proves to be
inaccurate, not current, or incomplete. You are responsible for safeguarding
your password. You agree that you will not disclose your password to any third
party. You will immediately notify Boxsite of any unauthorized use of your Member
Account. Boxsite assumes no responsibility for your Member account information.
The Service may contain links to third-party
websites or resources. When you click on a link to a third party website or
resource, you must be aware that you have left Boxsite and are subject to the
terms and conditions (including privacy policies) of another website or
destination. Such third party websites and resources are not under the control
of Boxsite. Boxsite will provide these third party websites and resources only
as a convenience. You use the links in third party websites or resources at
your own risk. When you leave our Site, our Terms and policies no longer
govern. You should review applicable terms and policies, including privacy and data
gathering practices, of any third party websites and resources, and should make
whatever investigation you feel necessary or appropriate before proceeding with
any transaction with any third party.
Specific Consents Granted upon
Submission of Your Registration Form
At the time that you submit your
registration form to us to register for the Service and related analysis of
information in connection therewith, you agree that you are providing to us the
following specific consents (in addition to being subject to these Terms and
I understand that by submitting this
registration form I am authorizing Boxsite, once it has obtained my personal
information in its records along with the other information I am submitting
through this registration form (collectively, the “Registration
Profile”), to use that Registration Profile to match me with product and
services offers from time to time from its marketing department, which offers
it will send to me either by e-mail or through the display of advertisements
and to further use that Registration Profile to provide statistical analysis,
reports and summaries of my Registration Profile in comparison to other Members’
Registration Profiles. I understand that it is completely up to me to decide
whether I would like to accept any of the offers I receive.
Third Party Offers
Boxsite may match offers from third parties
against your Registration Profile, in order to ensure that you receive offers
that are tailored to you. Boxsite believes that customers who have demonstrated
positive behaviour through consistency should be able to reap the rewards of
those efforts, including by receiving discounted and favourable pricing and
rates on financial products and services. Boxsite does not guarantee, however,
that you will receive offers for any particular types of products or services.
Advertisement Banners, Pop-ups, Etc.
Boxsite may include advertisements on its
own behalf or paid advertisements on behalf of interested companies and/or individuals
on the Service. By clicking on the advertisements, the Member may be
transferred to a website of the advertiser or receive other messages,
information, or offers from the advertiser. Members acknowledge and agree that Boxsite
is not liable for the privacy practices of advertisers or the content of their
websites, information, messages or offers. Members are wholly liable for all
communications with advertisers and for all transactions subsequently executed.
When you click on an advertisement, we will
not warn you that you have left Boxsite and are subject to the terms and
conditions (including privacy policies) of another website or destination. Such
advertisements and associated websites are not under the control of Boxsite. Boxsite
provides these links only as a convenience and does not review, approve,
monitor, endorse, warrant, or make any representations with respect to the
advertisements, or their products or services. You use all advertisement links
at your own risk. When you leave our Site our Terms and policies no longer
Termination And Member
The Terms commence on the date when you
accept them (as described in the preamble above) and remain in full force and
effect while you use Boxsite, unless terminated earlier in accordance with the
We may, in our discretion and without
liability to you, with or without cause, with or without prior notice, and at
any time: (a) terminate these Terms or your access to our Service, and (b)
deactivate or cancel your Member account. Upon termination, we will promptly pay
you any amounts outstanding to you. In the event Boxsite terminates these Terms
or your access to our Service, or deactivates or cancels your Member account,
you will remain liable for all amounts due hereunder.
You may cancel your Member account at any
time by contacting Boxsite (firstname.lastname@example.org) and closing your account.
Please note that if your Member Account is cancelled, we do not have an
obligation to delete any reviews or feedback you have posted to the Service.
You may not assign or transfer these Terms,
by operation of law or otherwise, without Boxsite’s prior written consent. Any
attempt by you to assign or transfer these Terms, without such consent, will be
null and of no effect. Boxsite may assign or transfer these Terms, at its sole
discretion, without restriction. Subject to the foregoing, these Terms will
bind and inure to the benefit of the parties, their successors and permitted
Unless otherwise specified herein, any
notices or other communications permitted or required hereunder, including
those regarding modifications to these Terms, will be in writing and given by Boxsite
(i) via email (in each case to the email address that you provide) or (ii) by
posting to the Site. For notices made by email, the date of receipt will be
deemed the date on which such notice is transmitted.
Controlling Law And Jurisdiction
You agree that (i) the Service shall be
deemed solely based in Antigua and Barbuda, and (ii) the Service shall be in
the jurisdictions of Antigua and Barbuda. These Terms shall be governed by the
internal substantive laws of the country of Antigua and Barbuda, without
respect to its conflict of laws principles. You and we agree to submit to the
personal jurisdiction of a court located in Antigua and Barbuda for any actions
for which the parties retain the right to seek injunctive or other equitable
relief in a court of competent jurisdiction.
YOU AND BOXSITE AGREE THAT ANY CAUSE OF
ACTION ARISING OUT OF OR RELATED TO THE SERVICE OR COLLECTIVE CONTENT MUST COMMENCE
WITHIN SIX (6) MONTHS AFTER THE CAUSE OF ACTION ACCRUES. OTHERWISE, SUCH CAUSE
OF ACTION IS PERMANENTLY BARRED AND WAIVED.
These Terms are intended to govern the
agreement between Boxsite and you to the extent permitted by all applicable
laws, ordinances, rules, and regulations. If any provision of these Terms or
the application thereof to any person or circumstances shall, for any reason or
to any extent, be invalid or unenforceable, the remainder of these Terms and
the application of such provision to other persons or circumstances shall not
be affected thereby, but rather shall be enforced to the greatest extent
permitted by law.
The failure of Boxsite to enforce any right
or provision of these Terms will not constitute a waiver of future enforcement
of that right or provision. The waiver of any such right or provision will be
effective only if in writing and signed by a duly authorized representative of Boxsite.
Except as expressly set forth in these Terms, the exercise by either party of
any of its remedies under these Terms will be without prejudice to its other
remedies under these Terms or otherwise. If for any reason an arbitrator or a
court of competent jurisdiction finds any provision of these Terms invalid or
unenforceable, that provision will be enforced to the maximum extent
permissible and the other provisions of these Terms will remain in full force
Any additional parts to the Service may have
different or additional terms and conditions posted or may require you to agree
with and accept additional terms and conditions. If there is a conflict between
these Terms and the terms and conditions posted for a specific part of the
Service, the latter terms and conditions will take precedence.
Boxsite reserves the right, at its sole
discretion, to modify or discontinue, temporarily or permanently, the Service
or to modify these Terms, including any Service Fees, at any time and without
prior notice. If we modify these Terms, we will post the modification on the
Site; however, we reserve the right to make any such changes effective
immediately to maintain the security of our Service or to comply with any laws
or regulations. We will update the “Last Updated” date at the top of these
Modifications to these Terms shall
automatically be effective upon posting; provided, however, that material
changes to the Terms will be effective as to an existing Member thirty (30)
days after notice to the Member is provided on Boxsite’s website. You agree to
keep your email address on file with Boxsite up-to-date. By continuing to
access or use the Service after we have posted a modification or have provided
you with notice of a modification, you are indicating that you agree to be
bound by the modified Terms. If the modified Terms are not acceptable to you,
your only recourse is to cease using the Service.
The original, legally binding version of
this document is written in English. If this document is translated into other
languages, there may be discrepancies between the English version and a
translated version. If so, the English version supersedes the translated
Copyright © 2019 Boxsite. All Rights Reserved. Powered by Ogrelogic
|Banks||Swift – Routing number|
|Bank of Nova Scotia||Main Branch-High Street 603350021|
|Bank of Nova Scotia||Antigua 183250023|
|Antigua Commercial Bank||'001320695|
|First Caribbean International Bank||Antigua 096260100|
|Royal Bank of Canada||Antigua 097250038|
|Royal Bank of Canada||Antigua 016000036|
|Eastern Caribbean Amalgamated Bank||Antigua 000000712|
|Caribbean Union Bank||282010708|
|Community First Cooperative Credit Union (CFCCU)||1320695|
|St. Johns Cooperative Credit Union (SJCCU)||1320695|
Please note RBC has two routing numbers and unlike Bank of Nova Scotia which differentiates accounts by where branch accounts were established, it is important that each person contact their bank to allocate which code reserves to them.