Deposit account holder definition

Deposit account holder means a person who holds a deposit account in an applicant and includes an eligible account holder and a supplemental eligible account holder.
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Examples of Deposit account holder in a sentence

  • For 24 hours and 7 days Call Deposit, account holder is required to give disposal instruction one business day and one week prior to redemption respectively.

  • Yes, you will need to be an existing Time Deposit account holder to enjoy this service.

  • Seller has provided Purchaser with a list setting forth the name, address, telephone number (if available), account number, and account balance of each Deposit account holder at the Branches as of the date hereof.

  • Where a ‘nominated account’ is no longer available to receive redeemed funds, your funds will be returned via a ‘not negotiable’ corporate cheque (fees may apply) in the exact name of the Rural Bank ONE Term Deposit account holder to the residential address last recorded with us.

  • Please refer to the Deposit Account Agreement and the Term Deposit Agreement (as applicable) in this booklet for additional details about being an Account holder and a Term Deposit account holder.

  • Do I need to be an existing Bank of China customer to place a Time Deposit online?Yes, you will need to be an existing Time Deposit account holder to enjoy this service.

  • Release of funds on death: We will require estate documentation to release funds from any Account, including Certificate of Deposit or term deposit upon death of an Account holder, Certificate of Deposit account holder or term deposit account holder.

  • M) If the Deposit account holder is not happy about the choice of current/savings account, he/she may, within 14 days the Bank.

  • Term Deposit funds can only be redeemed to the ‘nominated account’ during account opening unless the account was opened via cheque whereby funds will only be redeemed by a ‘not negotiable’ corporate cheque (fees may apply) in the exact name of theRural Bank ONE Term Deposit account holder and posted to the residential address recorded for that account.

  • He also relied on the fact his Manager was negligent in the exercise of his responsibilities, approving these requests without question or scrutiny.How was this discovered?The fraud was identified through a new Accounts Payable Department check which revealed that a supplier had the same bank details as two other suppliers registered on the system.

Related to Deposit account holder

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Account Holder The term “Account Holder” means the person listed or identified as the holder of a Financial Account. A person, other than a Financial Institution, holding a Financial Account for the benefit of another person as an agent, a custodian, a nominee, a signatory, an investment advisor, an intermediary, or as a legal guardian, is not treated as the Account Holder. In these circumstances that other person is the Account Holder. For example in the case of a parent/child relationship where the parent is acting as a legal guardian, the child is regarded as the Account Holder. With respect to a jointly held account, each joint holder is treated as an Account Holder.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Eligible Account Holder means any Person holding a Qualifying Deposit on the Eligibility Record Date for purposes of determining Subscription Rights and establishing subaccount balances in the liquidation account to be established pursuant to Section 15 hereof.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.

  • Joint Account Holder means a person in whose name a Joint Account is maintained;

  • Deposit Account Control Agreements means the deposit account control agreements or blocked account agreements in a form that is reasonably satisfactory to the Agent to be executed by each institution maintaining a deposit account or securities account for any of the Credit Parties, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations to the extent required by Section 4.14(g) or any other provision of this Agreement or any Other Document.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Excluded Deposit Accounts means (i) any payroll account, (ii) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (iii) any zero balance deposit account.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Commodity Account Control Agreement means a control agreement in a form that is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control with respect to any Commodity Account.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Security Account “Software”, and “Supporting Obligations”.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).