Banking activity definition

Banking activity means any activity referred to in subsection (1) of section seven;

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Banking activity. – shall mean the receipt of monetary deposits or other repayable funds from the public, and their use to grant credits or placement for its own account.

Banking activity means deposit-attraction activity in respect of the funds of individuals and legal entities and allocation of these funds on the bank’s own behalf, terms, and at its own risk, opening and servicing accounts of individuals and legal entities.

Examples of Banking activity in a sentence

Abacus may cancel your Personal Online Banking access without prior notice if there has been no Personal Online Banking activity for a period of 6 consecutive months or for any other reason.
Mobile Transactions will appear in Member’s Online Banking activity and on regular account statements.
If your account(s) is closed or restricted for any reason, or if there has not been any Internet Banking activity for a period of 6 consecutive months, accessibility, in whole or in part, will automatically terminate.
As part of our policy of issuing a new electronic access device for your account, this modified disclosure outlines the specific elements of the full Electronic Fund Transfer disclosure applicable to Online or Mobile Banking activity.
Your RFCU monthly statement will show Online Banking activity in your Deposit Accounts, together with other transactions as set forth in the Account Agreement.
You will receive a monthly statement covering Online Banking activity for any Account other than a certificate of deposit.
Also, this Agreement and your use of the Online Banking services may be terminated automatically if your Account(s) are closed, access to your Account(s) is restricted for any reason, or if there has been no Online Banking activity for a period of ninety (90) days.
Deactivated accounts will not be able to carry on normal Internet Banking activity such as account lookup, transfers, and general inquiry.
Accounts which have no Internet Banking activity for a period of ninety (90) days (dormant) can be deactivated from the Internet Banking program.
You will receive a periodic statement at least quarterly, and will receive a monthly statement for any account which has Partners Phone Banking or Online Banking activity during the month.

More Definitions of Banking activity

Banking activity means deposit-taking activity in respect to the funds of individuals and legal entities and placement of these funds on its own behalf, own conditions, and at its own risk, opening and servicing of the accounts of individual and legal entities.

Banking activity. – shall mean the receipt of monetary deposits or other repayable funds from the public, and their use for granting credits or their placement under its name and for its own account, as well as the issue of payments in the form of electronic money.

Banking activity means any activity referred to in subsection (1) of section seven; “banking business” means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;