Direct Deposits definition

Direct Deposits. If for any reason we deposit an amount into the account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government without prior notice and at any time except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability. Stop Payments: You must make a stop payment order as required by law. This must be completed in a reasonable time necessary for the bank to act. It is your respon- sibility to provide the precise number, date, amount and the payee of the check. Our stop payment cut-off time is one hour after the opening of the next banking day after the banking day on which we receive the item. Laws provide additional limitations as to the bank’s obligation to stop payments. A release of the stop payment request can only be completed by the person who initiated the stop order. Withdrawals: Any authorized signer on the account as shown on the account appli- cation and POA Authorization, will be allowed to sign checks for withdrawal, endorse checks payable to you for deposit into this account or perform debit card transactions. We may honor withdrawals that overdraw the account, but are not obligated to do so. We are not required to honor any restrictive covenants you add to your check. An example of a restrictive covenant would be “Must be Presented within 60 days”. We have the right to refuse payment for any withdrawal if by any method we do not specifically permit. Honoring a nonconforming request does not obligate us to repeat that service in the future. We may treat continued misuse of your account as your act of closing the account. On interest bearing accounts we reserve the right to require at least seven days written notice before any with- drawal or transfer. Statements: You must examine your checking account statement in a “reasonable time.” If you discover any unauthorized signatures or alterations, you must prompt- ly notify us with the relevant information. If you fail to do either of these duties, you will bear the entire loss. Your loss could include items on the statement, or other items with unauthorized signatures or alterations by the same wrongdoer which we pay after the reasonable time period expires and before we receive noti- fication from you. You agree that the time that you have to examine the statement and report to us should not under any circumstance be more than 14 days after receipt of statemen...
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Direct Deposits are Automated Clearing House (“ACH”) funds transfers made using your Card Account and routing number.
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Direct Deposits means a file of payments such as payroll payments to employees which the Customer has transmitted to Telpay for processing to the designated bank accounts;
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Examples of Direct Deposits in a sentence

  • The Contractor must complete the Port Authority’s “Authorization Agreement For Direct Deposits And Direct Payments (ACH Credits)” form, which is available at http://www.panynj.gov/business- opportunities/pdf/ach-authorization-form.pdf, in order to receive payment.

  • The Vendor must complete the Port Authority’s ''Authorization Agreement For Direct Deposits And Direct Payments (ACH Credits)'' form, which is available athttp://www.panynj.gov/business-opportunities/become-vendor.html, in order to receive payment.

  • To avoid delays in payment, vendors, contractors, and consultants should enroll in ACH and complete the Port Authority’s “Authorization Agreement For Direct Deposits And Direct Payments (ACH Credits)” form, which is available at https://www.panynj.gov/business-opportunities/pdf/Vendor-ACH-auth-form.pdf.

  • To cancel Direct Deposits to your Card, you must contact your employer or other authorized entity.

  • Direct Deposits – You may make arrangements for certain direct deposits to be accepted into Your Share Draft Account.

  • NEXT-DAY AVAILABILITY Funds from the following deposits are available on the first business day after the day of deposit: Wire Transfer (other than Electronic Direct Deposits).

  • Examples of these transfers include, but are not limited to: Direct Deposits.

  • Notwithstanding the provisions of the Article 11.2, under the case prescribed in the Paragraph 1, the customer may be granted, and the Broker Member may grant the deferral of the placement of Clearing Margins equivalents to Total Deficiency Amount or Cash Deficiency Amount, as prescribed by the Broker Member, within the limit of the Contract Deposit Amount under the LG Agreement Concerning Direct Deposits.

  • Direct Deposits If, in connection with a direct deposit plan, we deposit or credit any amount in your account which should have been returned to the state or federal government or any other third party for any reason, you authorize us to deduct the amount from your account or from any other account you have with us without prior notice and at any time, except as prohibited by law.

  • All vouchers - also known as checks, Electronic Fund Transfers (EFTs) and Direct Deposits - to be remitted for expenses shall be signed by the treasurer or other authorized officers as determined at the organizational meeting.


More Definitions of Direct Deposits

Direct Deposits. We may offer preauthorized deposits (e.g. payroll, Social Security, etc.). You must authorize payroll deductions by signing a Payroll Deduction form. Upon a bankruptcy filing, we will cancel all payroll deposits coming in to your account.
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Direct Deposits. We may offer direct deposit options allowing you to pre-authorize deposits (i.e., payroll checks, Social Security or retirement checks, or other government checks) or transfers from your Accounts with us. You must authorize any such deposits or transfers by a separate authorization form. If you wish to cancel the direct deposit or pre- authorized transfer option, you must notify the Credit Union at least 30 days prior to the next scheduled date for any direct deposit or pre-authorized transfer. If you fail to cancel any direct deposit authorization upon a filing of bankruptcy, you agree that we may make and apply direct deposits in accordance with your authorization on file with us. If, in connection with a direct deposit plan, we deposit any amount in your Account by mistake, you authorize us to deduct the amount from your Account without prior notice and at any time.
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Direct Deposits shall have the meaning specified in Section 2.8.12.
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Direct Deposits means transactions initiated by an institution to process a deposit into a UBS Financial Services account.
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Related to Direct Deposits

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Payments or Deposits means the cash, check, or credit card amounts actually paid for Your Trip. Certificates, vouchers, discounts, credits, frequent traveler or frequent flyer rewards, miles or points applied (in part or in full) towards the cost of Your Travel Arrangements are not Payments or Deposits as defined herein.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Direct Account : means any Account which is not an ISA Account.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Assumed Deposits means Deposits.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Deposit Liabilities means all of Seller’s duties, obligations, liabilities (including accrued interest) relating to the deposit accounts, including, without limitation, all demand, time, savings and individual retirement accounts, located at the Offices as of the Effective Date, as listed as deposits in Exhibit 1.3(a), with the exception of those specifically not assumed by Buyer pursuant to Section 1.2(c).

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;