Terms & Conditions

Introduction

Welcome to SDB Wallet. By using our digital financial services, you agree to comply with these Terms and Conditions. Please read them carefully before opening an account or using any of our services.

SDB Wallet is a brand operated by <strong>SDB wallet LLC</strong>, a company registered in Dubai, United Arab Emirates under Business Licence No. 2652156.01. <strong>Bridge</strong> is the direct banking-infrastructure partner for accounts, payment rails and settlement, and <strong>Banking Circle S.A.</strong> is the licensed bank for euro accounts under Luxembourg CSSF supervision. SDB is not itself a bank, an electronic money institution, or an authorised crypto-asset service provider. <strong>Axis X Group is the software company only, not a financial partner.</strong>

Account Opening & Registration

To open an account with SDB, you must:

Be at least 18 years of age

Provide accurate and truthful personal information

Successfully complete identity verification (KYC)

Submit valid identity documents (passport, national ID)

Agree to these Terms and our Privacy Policy

Wallet Accounts

SDB offers several types of accounts:

Current Account

For day-to-day money management and transactions

Multi-Currency Account

Supports multiple currencies with competitive exchange rates

Savings goals

Set aside part of your balance towards a goal. No interest is paid on balances.

Your bank details are issued in your own name through Bridge: a euro account with an IBAN running over Banking Circle S.A.'s network, a US dollar account with an account and routing number, and a British pound account with an account number and sort code. Your first account is free; each additional account carries the fee published in the schedule below.

How your balance is held

Money arriving on your bank details is converted on arrival into a stablecoin pegged to the same currency, and held in that form: your euro balance is backed by EURC, and your US dollar balance is backed by USDC. Both are stablecoins pegged 1:1 to the fiat currency and issued by a regulated issuer. The balance shown in your account stays denominated in its fiat currency (euros or dollars), and you withdraw it to your bank account in that same currency.

Cards

The SDB virtual and physical card programme is in preparation and cards are not yet being issued. When launched, it will be governed by the terms of the licensed issuer named at that time.

Virtual Card

In preparation — issuance has not started

Physical Card

In preparation — issuance and shipping have not started

We will publish the issuer, network, terms and limits before card issuance opens to customers.

Transfers & Transactions

Internal transfers between SDB accounts are instant and free

External transfers are subject to fees and processing timelines

Currency exchange is executed at live market rates with a competitive margin

All transactions are final once confirmed and cannot be reversed

Fees & Charges

Security & Responsibilities

Maintain confidentiality of login credentials

Notify us immediately of suspicious activity

TLS 256-bit encryption protects all data

Two-factor authentication (2FA) recommended

Accounts may be frozen on suspicion of illicit activity

Anti-Money Laundering (AML)

SDB complies with anti-money laundering and counter-terrorism financing laws. We may require:

• Enhanced identity verification for large transactions
• Additional information on the source of funds
• Reporting of suspicious transactions to relevant authorities

Termination

You may close your account at any time, provided all obligations are settled. SDB reserves the right to close any account that violates these Terms or is used for unlawful purposes.

Governing Law

These Terms are governed by the laws of the European Union. In case of any dispute, resolution will first be attempted through mediation, then arbitration before the competent European courts if necessary.