Intermediary bank means a bank to which an item is transferred in course of collection except the depositary or payor bank.

Intermediary bank means a receiving bank other than the originator's bank or the beneficiary's bank.

Intermediary bank means a receiving bank other than the originator’s bank or the beneficiary’s bank.

Examples of Intermediary bank in a sentence

If an Intermediary bank is required, please provide Bank Name, Account Number if applicable and SWIFT Code of Intermediary Bank along with all other required Wire instructions./Ak mena platieb dohodnutá v zmluve nezodpovedá mene vášho bankového účtu, môže byť potrebné uviesť sprostredkujúcu banku.
Checks written on your brokerage account are not drawn directly against the amounts deposited for you at any of The Program Banks, but the money is transferred back from The Program Banks to our Intermediary Bank and then to us, and then used to satisfy your debit through The Program.
In the event Customer does not designate an Intermediary Bank, Bank will select an Intermediary bank using the current Fed Directory and/or current Bank Directory.
While in transit from us to the Participating Banks and from the Participating Banks to us, the funds pass through our Intermediary Bank.
It may take up to two business days for funds deposited in your brokerage account to sweep to our Intermediary Bank for allocation to Participating Banks.

More Definitions of Intermediary bank

Intermediary bank means a receiving bank other than the originating or Destination Bank;

Intermediary bank means a bank to which an item is

Intermediary bank means a bank or other financial institution which (i) has been approved by the Fronting Banks to act as a risk participant in respect of the New Money Debt and (ii) is willing to enter into both (a) risk participation arrangements with the Fronting Banks in respect of the New Money Debt; and (b) risk sub-participation arrangements with a Participating Creditor in respect of the amount of such Participating Creditor’s risk participation in the Total Senior Creditor Risk Participation

Intermediary bank means a bank to which an item is transferred in the course of collection

Intermediary bank means a receiving bank other than the

Intermediary bank means any bank selected by Bank to initiate and/or effect international wire transfer transactions on behalf of Customer. WIRE TRANSFER AGREEMENT—Rev 11-2018

Intermediary bank or “Intermediary Banks” shall mean the Paying Bank and the head office and/or branch offices of the Bank or other financial institutions which perform the following activities for the remittance of funds.