Direct Banking definition
Examples of Direct Banking in a sentence
Types of Transactions: You can perform the following transactions through UMB Direct Banking.
We offer a variety of services to assist you in monitoring your available balance, such as UMB Online Banking, UMB Direct Banking by phone, an ATM, or our UMB Mobile Banking balance or withdrawal alerts (see the section on Account Alerts below).
You may request that the Bank validate a personal identification number (PIN or CODE), which you have selected, to access the checking and savings accounts you have with us and to initiate telephonic electronic fund transfer transactions to and from such eligible accounts through UMB Direct Banking.
If an instruction is given to the Bank for change of the said passwords and other special information, all transactions effected through Direct Banking by using the said passwords and other special information until the date of transmission of said instruction to the Bank will be deemed to be under responsibility of the Customer.
All transactions effected in the Direct Banking products and channels by using the said passwords and other special information will be deemed to have been conducted by the Customer, and all such transactions will be binding on the Customer.
The changes will be binding for the Customer and Credit Europe from the 30th calendar day after Credit Europe has given notice of these changes through an announcement in writing, via e-mail or Direct Banking.
These transactions may also be executed through Direct Banking Channels.
Direct Banking Products addresses a wide range of critical legal and regulatory issues affecting consumer banking products, including issues relating to Truth in Lending, Truth in Savings, Electronic Funds Transfers, Funds Availability, Equal Credit Opportunity, RESPA, UDAAP, Fair Credit Reporting, loan and deposit servicing, tax reporting, debt collection practices, bankruptcy, and many other state and federal laws.
Direct Banking Products provides legal advice and analysis to the business teams throughout the Company that manage consumer banking products and operations across the entire life cycle of the products, from solicitation to recovery.
Direct Banking Products collaborates with the business teams and the Discover attorneys that support Card products and specialized legal issues such as privacy, SCRA, UDAAP, and fair lending.