Parent Account Criteria and Requirements
How to know if you qualify to run a parent account?
Many MTI Investors opened subsidiary accounts for their family members (Fathers, Mothers, Brothers Sisters, Children) or companies. There are even those who got creative and opened accounts for their dogs. To accommodate these philanthropic souls we were requested to formulate a way to assist these investors.
Please before you decide to open an account of the nature below also seriously consider that we need your support. The subaccount needs to be directly linked to you. There should be a material reason for you to take on the management of another's account.
Below is a Checklist for opening up a Parent account:
Did you open an MTI account for your kids/parents/dog/friend?
- If yes, continue reading
- If no, you do not qualify for a parent account
Did you invest your own bitcoin on behalf of the kids/parents/dog/friend?
- If yes, continue reading
- If no, you do not qualify for a parent account
Are you running their account? Having referred someone with your MTI code does not count as running their account.
- If yes, continue reading
- If no, you do not qualify for a parent account
Were the accounts you wish to place under your control (child accounts) opened in MTI with your referral code?
- If yes, continue reading
- If no, you do not qualify for a parent account
Were the accounts opened using your bitcoin wallet?
- If yes, continue reading
- No, you do not qualify for a parent account
If you answered yes to all these questions, you qualify for a parent account.
If you are not sure or wish further clarification I would suggest that you contact us through WhatsApp on our UK number ( +44 79 3689 1071) or write directly to support@getaquid.com.
Some Further Clarifications are Listed Below.
If you’ve opened an account for another person, or pet, using your own bitcoin from your own wallet, and you manage these accounts, you may apply as a parent account.
You’ll have to have invested your own bitcoin on behalf of the other person; this makes you the parent account, while the account you invested on behalf of another is the child account.
A child account will be one tier below the parent account, if that person in the MTI Structure is above you or to the side then that’s their account and you don’t count as the parent account.
If you’ve referred another person and they’ve signed up using their own money you are NOT a parent account.
Having introduced someone else to MTI does NOT make you a parent account. Parent/child account does not equal a literal parent and child, you could be the child signing up your parents but you’re still the parent account here.
You CANNOT be a parent and a child account, the child account has to be funded by the parent. Parent to child in the definition here has to be directly tiered and in turn, can’t have any accounts below them in the Cogs system.
Normally the child account will list the Parent account MTI number as the introducer.
If you created an account for children that are over 18 it may be possible to apply as a parent account, you’ll need to ask us for clarification, remember this is only applicable if they were funded by the same wallet. You’ll need to have evidence to back your claim up too, without evidence you’ll be rejected.
- You may have signed up on someone’s behalf using your bitcoin
- You are managing their account through your email address but you have separate MTI numbers
- This category is not so you can create sub-accounts for everyone that you referred
- You will have to provide evidence as to why you are running this account
- If you signed up and are managing those accounts then they fit the criteria
- If you had 50 investors below you who are managing their own account then you don’t fit the criteria
- If the child account is somebody of voting age and has the capacity to run their own account you have to prove to liquidators that you run the account
The Parent/ Child account can only be one layer deep. A ‘Child account’ CANNOT also be a ‘Parent Account’ for others.
If you have inadvertently signed up for a multi-account and may have realised that you do not qualify under these rules and need to change your account type please contact us through the payment ticketing system.
It is crucial that you are signed up correctly for your claim to be effectively managed by COGS. If it is in an incorrect category, the relevant accounts needs to be changed, payments altered (and backdated ) before the claims can be submitted. This will cause unnecessary delays and costs for the Investors involved in the relevant Category.
If you are not sure or wish further clarification I would suggest that you contact us through WhatsApp on our UK number ( +44 79 3689 1071) or write directly to support@getaquid.com.
