External Account definition

External Account is your account at another financial institution (i) to which you are transferring funds from your Eligible Transaction Account; or (ii) from which you are transferring funds to your Eligible Transaction Account.
External Account means an account held at: another Canadian financial institution; a registrant of the Investment Industry Regulatory Organization of Canada or the Mutual Fund Dealers Association of Canada; a card issuer; or an entity eligible for membership with the Canadian Payments Association; in each case, being an account in your name or on which you have the authority to independently authorize Transactions.
External Account means an Account held at another Canadian financial institution; an Investment Industry Regulatory Organization of Canada registrant; a card issuer; or an entity eligible for membership with Payments Canada, being an account in Your name or on which You have the authority to independently authorize Transactions.

Examples of External Account in a sentence

  • In order to accomplish this, we may collect your External Account number and balance information; and for a select number of users, we may collect transaction information.

  • Your financial institution may impose fees if you spend more money than you have in your External Account.

  • The amount of any purchase transactions (plus any applicable fees and surcharges imposed by the merchant) will be deducted from your External Account within 4 business days.

  • You agree to provide true, accurate, current and complete information about yourself, and your External Account maintained at third party institutions, and you agree to not misrepresent your identity or your account information.

  • If you create a negative balance in your External Account, we have no liability to you in such event.


More Definitions of External Account

External Account means checking and savings accounts held by institutions other than us and registered for External Transfers. The account holder of the External Account must be the same individual or business entity as the account holder of the deposit or prepaid account, or line of credit, mortgage, installment loan or auto account who is authorized to access the Online Service;
External Account means an account that you hold with an External Account Provider;
External Account means an account held with another financial institution in Canada; “Family member” refers to their spouse or common-law partner; their child; their mother or father; the mother or father of their spouse’s or common law partner; and a child of their mother or father (sibling);
External Account is a transactional (i.e. checking or savings) account that, ordinarily, you maintain with a third-party U.S. FI (or sometimes with us) and designate to associate and link with one or more of your Eligible Accounts, electronically via ACH, subject to transactions limitations (see A2A Addendum to this Agreement; see also, Section I. C, above, A2A External Funds Transfer Service).
External Account. – means an account held in your name at another Canadian financial institution as indicated on page 1 of this Authorization.
External Account means the account held at another financial institution to which you authorise us to arrange for funds to be credited.
External Account is the eligible checking, money market or savings account held at a third‐ party financial institution.