Commercial Checking Account definition

Commercial Checking Account means an account subject to payments with checks as well as any other type of payment orders.
View Source

Examples of Commercial Checking Account in a sentence

  • If you have a non-interest bearing checking account (including, but not limited to, Escrow Disbursement, HSBC Commercial Checking Account, Corporate Analyzed Account, Fusion First Account, Fusion Smart Account, HSBC Fusion Analyzed and Business Checking Account) funds from your check deposits will be made available to you according to the following schedule, which is based on where the check is drawn, where the deposit is made, and the type of account as set forth below.

  • This account pays higher interest rates for business customers who maintain an average ledger cycle-to-date balance of $10,000 or more in a Commercial Checking Account.* A Popular Mastercard® Business Debit Card is available for this account.

  • This account pays higher interest rates for business customers who maintain an average ledger cycle-to-date balance of $10,000 or more in a Simple Business Checking account or in a Commercial Checking Account.

  • The Depositor undertakes to maintain a Commercial Checking Account with the Bank subject to the terms and conditions established by the Bank from time to time for the Commercial Account as well as the terms and conditions of the Commercial Reserve Line itself.

  • Line of Credit Advances so made for interest payments or other payments hereby authorized shall be credited to Borrower’s Commercial Checking Account at Lender, and all payments due under the LOC Note or any Loan Document shall be debited from either such Line of Credit Loan account or Borrower’s Commercial Checking Account at Lender in accordance with the Automatic Payment Addendum attached to the LOC Note.

  • The Lender will automatically debit the monthly mortgage payments due hereunder from the Commercial Checking Account established with Lender pursuant to the Automatic Payment Addendum to Note attached hereto and made a part hereof.

  • There is no daily maximum number of NSF Returned Item Fees that may be charged to other Business and Commercial Checking Account holders) There is no daily maximum number of NSF Returned Items Fees that may be charged to other Business and Commercial Checking Account Holders.

  • A basic cash management Account, the Commercial Checking Account provides a vehicle for the purpose of collecting and consolidating funds so that the funds may be used for disbursing and investing.

  • The Commercial Checking Account will be charged on the day a notification is received by electronic means that an Item has been drawn against the Commercial Account or that an Item is being returned.

  • All payments due under the Note or any Loan Document shall be debited from Borrower’s Commercial Checking Account in accordance with the Automatic Payment Addendum attached to the Note.