Customer initiated activity definition

Customer initiated activity means any transaction undertaken by a bank’s customer in respect of a deposit account or any request for a statement or written acknowledgement received by the bank from a such a customer, For the purposes of these Guidelines, the debiting of a fee and the crediting of interest to a deposit account in accordance with any agreement made with the customer are not deemed to be customer-initiated activities.
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Examples of Customer initiated activity in a sentence

  • Customer initiated activity includes any deposits to or one-time transfers (“Online Transfers”) you make from the Savings Account.

  • Customer initiated activity includes any deposits to or one-time transfers (“Online Transfers”) you make from the Business Savings Account.

  • Customer initiated activity includes any one-time transfers you make to or from the Varo Savings Account using the Varo Mobile App (“Online Transfers”) and Automated Clearing House (“ACH“) direct deposit transfers initiated from an outside financial institution.

  • For the avoidance of doubt, where the ordinary functionality of the goods, services, and/or software of GTreasury enables Customer to initiate transactions or otherwise use the goods, services, and/or software to send and/or receive information that includes Personal Data, any transfer resulting from such Customer- initiated activity is a transfer by Customer and not by GTreasury.