Account Reconciliation definition

Account Reconciliation. The member agrees to carefully review their account statement and each transaction as soon as possible. If there are any errors or discrepancies regarding checks deposited through the Service including, without limitation, unauthorized transactions, signatures or alterations, the Member agrees to promptly notify the Credit Union of such errors or discrepancies within thirty (30) days of the original Remote Deposit transaction. It is the responsibility of the member to establish and maintain procedures to safeguard against unauthorized deposits. If said member’s statement shows Remote Deposits that the member did not make, the Credit Union must be informed immediately. If the member does not tell the Credit Union within sixty (60) days after the first statement containing the problem or error is made available. The member may not get back any money lost after the sixty (60) days if the Credit Union can demonstrate that they could have prevented the unauthorized transaction if the member had informed the Credit Union in a timely fashion. Unauthorized Access; Security Procedures: The member shall be solely responsible for protecting against unauthorized access to the Service, and any and all losses and damages arising from any unauthorized access to the program. The member shall establish physical security, passwords, and other security procedures necessary to ensure the confidentiality of access features. The member shall make such procedures and security features known only to them. The Credit Union shall have no obligations, liability, or control, either directly or indirectly over said procedures, or the failure of said member to maintain said procedures. Furthermore, the member agrees to, and understands that, the use of passwords and the Credit Union service instructions is confidential and agrees to assume all risks of accidental disclosure or inadvertent use by any part whatsoever, whether such disclosure of use are on account of the member’s negligence or are deliberate acts. Member acknowledges that no person from the Credit Union will ever ask for any passwords, and that the Credit Union employees do not need and should not ask for passwords. Members using this service shall not change its passwords periodically and whenever anyone who has had access to a password is no longer employed or authorized by it to use the Credit Union service. The Credit Union may require said member to change its passwords at any time. The Credit Union may deny access t...
Sample 1Sample 2Sample 3
Account Reconciliation. Statement Copy Fee: Deposited Item Return Fee: Wire Transfer (Outgoing): International Wire Transfer: Inactive Account Fee** Returned Mail Fee: Legal Service Fee: Loan Extension/Modification: Replacement Debit Card: Account Re-Open Account Closure (within 90 days) Mortgage Release: Check Cashing Fee: Early Withdrawal (Club Accounts) Expedited Title Release Fee Overnight Shipping Fee $15.00 per hour $2.00 per copy $25.00 per item $20.00 N/A $5.00 per month $5.00 $50.00 $35.00 $15.00 $25.00 $20.00 *Based on Municipality $5.00 $10.00 $25.00 $25.00 3X5 Size $20.00 per year 7X10 Size $70.00 per year 5X5 Size $30.00 per year Drilling Fee See Teller 3X10 Size $35.00 per year Key Rental $10.00
Sample 1
Account Reconciliation. This refers to the act of checking whether the balance in ones' checkbook confirms with the corresponding bank statement. Account Review: It refers to the act of reviewing the credit history of a consumer by a creditor or lender. Activate: Usually, on receiving a new credit card, the owner has to make a call to the card issuer to inform them about it. Only then does the issuer activate the card or make it functional. It is a precautionary step to confirm that the correct person has received the card, in order to prevent fraudulent activities.
Sample 1

Examples of Account Reconciliation in a sentence

  • This information shall be provided on the Power Account Reconciliation File (PRF), which is an electronic transaction between the Contractor and the State fiscal agent.

  • The DEO shall notify the date and venue of training on procedure of lodging the final accounts and also about the date of Account Reconciliation meeting, positively on or by the date of declaration of result.

  • In this training programme they will also be apprised about the Account Reconciliation meeting, in which they should come prepared with all final accounts and registers.

  • These services include: (i) Positive Pay and Account Reconciliation Services and (ii) ACH Fraud Filters.

  • Staff members with POWER Account responsibilities shall receive detailed POWER Account education and training on topics including but not limited to: billing and collections, POWER Account contribution recalculations, the impact of benefit plan transfers on the POWER Account, POWER Account rollover, POWER Account termination and the POWER Account Reconciliation File (PRF), 820 and 834 transactions.

  • POWER Account Reconciliation for benefit periods ending prior to December 31, 2017 shall follow the policy and procedures documented in the MCE Policy and Procedures Manual.

  • Account Reconciliation ProcessesPRINCIPLE 54 Market Participants should perform timely account reconciliation processes.

  • Use of Account Reconciliation does not affect any of Customer’s obligations under the Account Agreement to discover and report unauthorized or missing signatures and endorsements, alterations on Checks drawn, or any other discrepancies or problems with Customer’s Accounts.

  • The Account Reconciliation Summary is used to assist in balancing online account balances with the Customer’s bank statement.

  • After the 12 month calendar year reconciliation period, the Contractor shall report any applicable POWER Account rollover amounts determined in accordance with Section 5.8.2.1 or any discounts determined in accordance with Section 5.8.2.2 to the State fiscal agent on the POWER Account Reconciliation file (PRF), as set forth in Sections 5.8.2 and 5.8.3 below.

Related to Account Reconciliation

  • Reconciliation Period is each calendar month.

  • Reconciliation Date means the last calendar day of each Reconciliation Period.

  • Reconciliation Report refers to the Reconciliation Report as referenced in s. 3 of Reg 264/07 under LHSIA.

  • Reconciliation Amount has the meaning given to it in paragraph 9.9 of Schedule 9.1 (Financial and Other Consequences of Change);

  • Reconciliation means coordination of premium tax credit with advance payments of premium tax credit (APTC), as described in Section 36B(f) of IRC (26 USC § 36B(f)) and 26 CFR Section 1.36B-4(a).

  • Account Records is defined in Section 1(a)(i) of the Administration Agreement.

  • Reconciliation Procedures has the meaning set forth in Section 2.3(a) of this Agreement.

  • U.S. Reportable Account means a Financial Account maintained by a Reporting [FATCA Partner] Financial Institution and held by one or more Specified U.S. Persons or by a Non-U.S. Entity with one or more Controlling Persons that is a Specified U.S. Person. Notwithstanding the foregoing, an account shall not be treated as a U.S. Reportable Account if such account is not identified as a U.S. Reportable Account after application of the due diligence procedures in Annex I.

  • Request regarding a statement of account means a record authenticated by a debtor requesting that the recipient approve or correct a statement indicating what the debtor believes to be the aggregate amount of unpaid obligations secured by collateral as of a specified date and reasonably identifying the transaction or relationship that is the subject of the request.

  • Eligible Accounts Receivable means Accounts, Instruments, Documents, Chattel Paper, Contracts, and General Intangibles from customers of Borrowers or any Approved Subsidiary in which Bank has a perfected first priority security interest subject to Bank's credit approvals thereof other than the following: (i) Accounts which remain unpaid ninety (90) days after the date of the applicable invoice; (ii) Accounts with respect to which the Account Debtor is an Affiliate of any of the Borrowers, or a director, officer or employee of any of the Borrowers; (iii) Accounts with respect to which the Account Debtor is the United States of America or any department, agency or instrumentality thereof, unless filings in accordance with the Assignment of Claims Act have been completed and filed in a manner satisfactory to the Agent or, as to any government contract entered into after the date of this Agreement, concurrently with the execution and delivery of that government contract; (iv) Accounts with respect to which the Account Debtor is not a resident of the United States or Canada except if such Accounts (1) are secured by irrevocable trade letter(s) of credit in form and content acceptable to Bank and confirmed by a United States financial institution acceptable to Bank, (2) are secured by standby letters of credit with an expiration of date of at least one hundred twenty (120) days from the date of shipment confirmed by United States Bank acceptable to Bank and otherwise in form and content acceptable to Bank, or (3) are insured by a company acceptable to Bank, which insurance covers business and political risk; (v) Accounts arising with respect to goods which have not been shipped and delivered to and accepted as satisfactory by the Account Debtor or arising with respect to services which have not been fully performed and accepted as satisfactory by the Account Debtor; (vi) Accounts for which the prospect of payment in full or performance in a timely manner by the Account Debtor is or is likely to become impaired as determined by the Bank in its reasonable discretion; (vii) Accounts which are not invoiced (and dated as of the date of such invoice) and sent to the Account Debtor within fifteen (15) days after delivery of the underlying goods to, or performance of the underlying services for, the Account Debtor; (viii) Accounts with respect to which Bank does not have a first and valid fully perfected security interest; (ix) Accounts with respect to which the Account Debtor is the subject of bankruptcy or a similar insolvency proceeding or has made an assignment for the benefit of creditors or whose assets have been conveyed to a receiver or trustee, except if Bank is delivered evidence acceptable to Bank as to the collectability in the normal course of business of such Accounts; (x) Accounts with respect to which the Account Debtor's obligation to pay the Account is conditional upon the Account Debtor's approval or is otherwise subject to any repurchase obligation or return right, as with sales made on a xxxx-and-hold, guaranteed sale, sale-and-return, sale on approval (except with respect to Accounts in connection with which Account Debtors are entitled to return Inventory solely on the basis on the quality of such Inventory) or consignment basis; (xi) Accounts with respect to which the Account Debtor is located in Minnesota unless the applicable Borrower has filed a Notice of Business Activities Report with the Secretary of State of Minnesota for the then current year; (xiv) all Accounts of any Account Debtor if twenty-five percent (25.0%) or more of all Accounts of such Account Debtor have ceased to be Eligible Accounts Receivable; and (xii) Accounts with respect to which the Account Debtors are residents of Canada to the extent the aggregate sum exceeds $750,000.00. The approvals of Account Debtors and Accounts shall be for Bank purposes only and shall not constitute any representation by Bank as to the credit worthiness of any such Account Debtor or the advisability or profitability of doing business with such Account Debtor.

  • Verification Report As defined in Section 4.19.

  • Failed Bank Charge-Offs/Write-Downs means, with respect to any Shared- Loss Asset, an amount equal to the aggregate amount of reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Shared-Loss Asset as reflected on the Accounting Records of the Failed Bank.

  • Consolidated Account means an account which is a consolidation of any separate accounts of a person who is liable for payment to the Municipality;

  • Billing involves the provision of appropriate usage data by one Telecommunications Carrier to another to facilitate Customer Billing with attendant acknowledgments and status reports. It also involves the exchange of information between Telecommunications Carriers to process claims and adjustments.

  • Statement of Account means the consolidated statement of account, or statement of account, issued by us every month to you setting out transactions of your Account(s).

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Accounts Receivable has the meaning set forth in Section 2.01(a).

  • Reportable Account The term “Reportable Account” means an account held by one or more Reportable Persons or by a Passive NFE with one or more Controlling Persons that is a Reportable Person.

  • Account Receivable means, with respect to any Person, any right of such person to payment for goods sold or leased or for services rendered, whether or not evidenced by an instrument or chattel paper and whether or not yet earned by performance.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Trade Accounts Payable means accounts payable or other obligations of the Company or any Restricted Subsidiary to trade creditors created or assumed by the Company or such Restricted Subsidiary in the ordinary course of business in connection with the obtaining of goods or services.

  • Weekly Reporting Period means any Level 2 Ratings Period.

  • Cash Flow Statement means, with respect to any particular Bonds and Auxiliary Obligations, an Authority Certificate (a) setting forth, for the then current and each future Bond Year during which such Bonds and Auxiliary Obligations will be Outstanding, and taking into account (i) any such Bonds expected to be issued or redeemed or purchased for cancellation in each such Bond Year upon or in connection with the filing of such Certificate, (for which purpose, if such Authority Certificate is delivered as of a date prior to a scheduled mandatory tender date for any Adjustable Rate Bonds, the Purchase Price of all such Adjustable Rate Bonds subject to mandatory tender on such tender date shall be assumed to be due and payable on such mandatory tender date), (ii) any such Auxiliary Obligations expected to be incurred upon or in connection with the filing of such Certificate, (iii) the interest rate, purchase price, discount points and other terms of any Related Mortgage Loans, and (iv) the application, withdrawal or transfer of any moneys expected to be applied, withdrawn or transferred upon or in connection with the filing of such Certificate:

  • Audited Accounts means the report and audited accounts of the Company and of any Group Company and the audited consolidated accounts of the Group (if any) for the relevant Financial Year;