Provisional Credit means the ini- tial credit provided to a presenting bank by a Federal Reserve Bank. Pro- visional credit may be reversed by Treasury until the completion of first examination or final payment is deemed made pursuant to § 240.6(d).
Provisional Credit means that the credit is made to Customer’s account subject to final payment of the Items and subject to the terms of the Deposit Account Agreement. For the purpose of determining availability of funds, the Bank may hold funds for the period of time permitted by Bank’s funds availability disclosure. Files will only be processed on Business Days.
Provisional Credit means that the credit is made to your account subject to final payment of the items and subject to the terms of the Deposit Agreement.
Examples of Provisional Credit in a sentence
Provisional Credit; Returned and Unpaid Items and Other Credits – Any item or other charge posted for credit to your account, including an item we cash for you, is subject to final payment by the payor or receiving bank (as applicable).
Upon Acceptance of the File, Bank shall grant Customer’s Account Provisional Credit, defined below, for the total amount of the File.
Provisional Credit: Credit given by us to you with respect to an ACH entry is provisional until we receive final settlement for the credit entry through a Federal Reserve Bank.
Provisional Credit; Returned and Unpaid Items and Other Credits - Any item or other charge posted for credit to your account, including an item we cash for you, is subject to final payment by the payor or receiving bank (as applicable).
Provisional Credit – Credit given by us to you with respect to a payment order is provisional until we receive final settlement for such entry through a Federal Reserve Bank.
More Definitions of Provisional Credit
Provisional Credit means that when we post transactions to your account, the credit is made to your Account subject to final payment of the Checks and subject to the terms of the Deposit Account Agreement. For the purpose of determining availability of funds, Bank may hold funds for the period of time permitted by Bank's funds availability disclosure. Mobile Deposit funds are generally available the next Business Day after the Business Day of your deposit, unless a hold is placed. If a hold is placed, you will be notified.
Provisional Credit means the process by which the EBT account is immediately re-credited pending an audit review by the EBT contractor whenever the system incorrectly debits the household’s EBT account due to an electronic malfunction of the system caused by a telecommunication time-out or an error by the Processor.
Provisional Credit means that the credit is made to Customer’s Account subject to final payment of the checks and subject to the terms of the Account Agreement. Customer and Bank agree that Subpart B of Reg CC and Bank’s Funds Availability Policy do not apply to items deposited using this Service.
Provisional Credit means that the credit is made to Customer's account subject to final payment of the Checks and subject to the terms of the Deposit Agreement. For the purpose of determining availability of funds, Bank may hold funds for the period of time permitted by Reg CC. For the purposes of determining the time for which funds may be held by Bank under Reg CC, the place of deposit shall be 0 Xxxxxx Xxxxxxxxx, Xxxxxxxxxx, Xxxxx Xxxxxxxx. Laws, Rules and Regulations Customer agrees to comply with all existing and future operating procedures used by Bank for processing of transactions. Customer further agrees to comply with, and be bound by, all applicable state or federal laws, rules, regulations, orders, guidelines, operating circulars, and pronouncements affecting checks and drafts and ACH transactions, including, but not limited to, all rules and procedural guidelines established by the Federal Trade Commission ("FTC"), the Board of Governors of the Federal Reserve, Electronic Check Clearing House Organization ("ECCHO"), and any other clearinghouse or other organization in which Bank is a member or to which rules Bank has agreed to be bound. The rules are incorporated herein by reference. These procedures, rules, and regulations (collectively the "RDC Rules") and laws are incorporated herein by reference. In the event of conflict between the terms of this Agreement and the RDC Rules, the RDC Rules will control. It shall be the responsibility of the Customer to ensure that the Check complies with U.S. law. This includes but is not limited to sanctions enforced by the Office of Foreign Assets Control (OFAC). It shall further be the responsibility of the Customer to obtain information regarding such OFAC enforced sanctions. (This information may be obtained directly from OFAC Compliance Hotline at 800-540-OFAC.) Collection of Checks Bank, in its sole discretion, shall determine the manner in which Images shall be presented for payment to the drawee bank. Bank, in its sole discretion, shall select the clearing agents used to collect and present the Images, and Bank's selection of the clearing agents shall be considered to have been designated by Customer. Bank shall not be liable for the negligence of any clearing agent. Collection of Checks is also subject to the RDC Rules and the terms of the Deposit Agreement. Contingency Plan You agree that, in the event you are unable to capture, balance, process, produce, or transmit a File to Bank, or otherwise comply with the ter...
Provisional Credit. Credit given by SECU to you with respect to a wire transfer is provisional until we receive final payment. If we do not receive final payment, you are hereby notified and agree that we are entitled to a refund of the amount credited to your account. Other Electronic Transfers You may use your card, code, PIN or third-party software application (“app”) to complete certain electronic transactions that may not be covered by federal consumer protection regulations (Regulation E or Regulation Z) concerning liability for unauthorized electronic transactions and required error resolution procedures. These transactions include: • Peer-to-Peer (P2P) payments (not covered under Regulations E or Z); and • Some mobile payments made via a mobile wallet (once funds are loaded onto a third-party app, transfers from the app are not covered under Regulations E or Z). When Funds Are Available for Withdrawal This section describes our policy for when your deposits are available for withdrawal. As described in this section, we often make funds from your deposited checks available for your use before we can collect the check. If you have withdrawn the funds, you are still responsible for any problem with the deposit, such as the return of a deposited check. If a check you deposited or cashed is returned to us for any reason, we may charge your account for the amount of the check or you must repay us for the amount of the check plus a fee.
Provisional Credit means that the credit is made to Member’s Account subject to final payment of the Checks and subject to the terms of the Deposit Agreement. Member and Nusenda agree that Nusenda's Funds Availability Policy applies to Items deposited using this Service and that Funds from Deposits may not be available for immediate withdrawal.
Provisional Credit means that when We post transactions to Your account, the credit is made to Your Account subject to final payment of the Checks and subject to the terms of the Deposit Account Agreement. For the purpose of determining availability of funds, We may hold funds for the period of time permitted by Our funds availability disclosure. Mobile Deposit funds are generally available the next Business Day after the Business Day of Your deposit unless a hold is placed. If a hold is placed, You will be notified. You hereby agree that You will only scan and deposit a check(s) as that term is defined in Federal Reserve Board Regulation CC ("Reg CC"). You agree that the image of the check that is transmitted to Us (each such check and other item a "Check" and, if more than one, "Checks") shall be deemed an "item" within the meaning of Article 4 of the Uniform Commercial Code (1990 Official Text). You further agree that You will not use the Mobile Deposit Service to deposit any Checks or other items that: (i) are payable to any person or entity other than You, (ii) are prohibited by Our then current procedures pertaining to the Mobile Deposit Service or are in violation of any law, rule or regulation, (iii) You know or suspect, or should know or suspect, is fraudulent or otherwise not authorized by the owner of the account on which the Check is drawn, (iv) have not been previously endorsed by a financial institution and are either "substitute checks" (as defined in Reg CC or other applicable federal law or regulation) or "image replacement documents" that purport to be substitute checks, without Our prior express written consent, (v) are drawn on financial institutions that are located outside of the United States or Territories of the United States, and