debit transfer definition

debit transfer means the series of transfers, initiated by a payee, on the basis of a payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment services provider and includes a payment order issued by the payee’s payment service provider, or an intermediary intended to carry out the payee’s order;
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debit transfer means the series of transfers, initiated by the payee, and based on the payer's consent given to the payee, to the payee payment service provider or to the payer own payment service provider and includes any payment order issued by the payee's bank or payment service provider, or an intermediary intended to carry out the payee's order;
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debit transfer means a payment transaction originated by the payee, based on the payor’s authority, instructing the payee’s bank to collect money from the payor’s account.
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Examples of debit transfer in a sentence

  • If the day on which the taxpayer is required to initiate the ACH Debit transfer falls on a Saturday, Sunday, or a business or banking holiday, the taxpayer must initiate the transaction on the preceding business day.

  • Such insurance policies shall not contain cross-liability exclusion or an exclusion for punitive or exemplary damages where insurable under law.

  • Existence of an SPE is again easily shown by example: all players play s0.

  • You may invest money into your account with us by debiting a pre-nominated account with an External Financial Institution either by BFSOnline or by a Direct Debit agreement.Where you have carried out a Debit transfer into your account the clearance time is normally three(3) Business days after the date of processing by BFS.

  • Debit transfer is sometimes referred to as a “debit pull” payment, meaning that the receiver must present the sender’s instruction to the sender’s bank before deposit money is transferred.

  • In any event where a Direct Debit transfer is rejected because of insufficient funds, my/our account will incur an administrative fee of $20.

  • Some healthcare professionals mentioned the intervention would fit in the cardiologist's aftercare in contrast to others who mentioned it fits best in the cardiac rehabilitation program.The most frequently mentioned barriers by the health insurer and policymakers are the strength of the recommendation and the quality of evidence supporting the recommendation.

  • Where you have carried out a Debit transfer into your account the clearance time is normally three(3) Business Days after the date of processing by BFS (refer “cut-off times” in the Definitions section of this document).

  • Payment is due by Direct Debit transfer, 14 days after the billing date.

  • For xPERT Terminal Oyster card sales All payments will be made by weekly Direct Debit transfer in accordance with your agreement (see xPERT Terminal Manual).


More Definitions of debit transfer

debit transfer has the meaning given to it under clause 3.2(b).
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debit transfer means payment initiated by the payee, usually through a preauthorized agreement with the payer.
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debit transfer means a payment transaction initiated by payment order of the payer, according to the authorization of the payer, which orders the payer’s bank to withdraw money from the account of the payer. In a debit transfer, initiator is the payee, the initiating bank is the payee’s bank, the destination bank is the bank of the payer and the recipient is the payer.
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debit transfer means a payment transaction originated by the payee, based on the payor's authority, instructing the payee's bank to collect money from the payor's account. The issue of a check constitutes an authority for collection by debit transfer;
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debit transfer means a payment transaction originated by the payee’s payment order, based on the payor’s authority, instructing the payee’s bank to collect money from the payor’s account. In a debit transfer, the originator is the payee, the originating bank is the payee’s bank, the destination bank is the payor’s bank, and the receiver is the payor;
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Related to debit transfer

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Type II transfer means that phrase as defined by Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Exempt Transfer means, in relation to shares held by a member:

  • Relevant Transfer means a transfer of employment to which the Employment Regulations applies;

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Title Transfer as herein used means transfer of ownership reported in the records of Carrier of a stated quantity of Petroleum in the custody of Carrier from one entity to another.

  • Asset Transfer means a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company.

  • Data Transfer means the copying or transmission of electronic information that does not alter the content, context, or structure of a record from 1 medium to another medium.

  • Excluded Transfer means any transfer of VRDP Shares (1) to a TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Qualified Transferee means an “accredited investor” as defined in Rule 501 promulgated under the Securities Act.

  • Post-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • Lateral transfer or "transfer" - refers to the movement of an employee from one position to another which does not constitute a demotion or promotion;

  • Relevant Transfer Date means, in relation to a Relevant Transfer, the date upon which the Relevant Transfer takes place;

  • Balance Transfer means a transfer of the debit balance on any credit card held with any credit card issuer or any account with other banks (other than the Bank) to a Card Account;

  • transfer value means the value of a transferred vote calculated in accordance with rules STV47.4 or STV47.7. 42. Arrangements for counting of the votes 42.1 The returning officer is to make arrangements for counting the votes as soon as is practicable after the close of the poll. 42.2 The returning officer may make arrangements for any votes to be counted using vote counting software where: