Fedwire means the funds transfer system used to transfer reserve balances for immediately available credit among the member banks of the United States Federal Reserve System.
Fedwire means the funds transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by the Fedwire Regulation.
Fedwire means any transaction originated by the holder and utilizing the national electronic payment system to transfer funds through federal reserve banks, pursuant to which the holder debits its own bank account and credits the state's bank account.
Examples of Fedwire in a sentence
Fedwire transactions are subject to Federal Reserve Board Regulation J.
Funds transfers to or from your Account will be governed by the rules of the funds transfer system(s) through which the transfers are made (“system rules”), including Fedwire and the National Automated Clearing House Association ("NACHA").
In accepting a payment order, the Bank may rely upon the identifying number (such as Fedwire routing number or account number) of the beneficiary, the beneficiary’s bank, or any intermediary bank and use only those numbers in executing the order.
We may execute certain requests for electronic funds transfers by Fedwire.
More Definitions of Fedwire
Fedwire means the funds transfer system owned and operated by the FRBs.
Fedwire has the meaning set forth in Section 7.01(b) (Overcollateralization Default Event).
Fedwire refers to the real-time gross settlement system operated by the Federal Reserve Banks;
Fedwire means the funds-transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by Subpart B of Regulation J of the Board of Governors of the Federal Reserve. Xxxxxxx does not include the system for making ACH transfers. This Agreement contains several notices which the Credit Union is required to provide to me and establishes other terms of agreement which will apply to all funds transfers which involve me and the Credit Union. Using the Credit Union to send or receive funds transfers will constitute my acceptance of all of the terms and conditions contained in this Agreement. To the extent that the terms contained in this Agreement are different than those in any other agreement or terms of account, this Agreement will control and be deemed to modify such other agreements or terms of account. If any part of this Agreement is invalid, illegal, or unenforceable, the remaining provisions will remain in full force and effect.
Fedwire means the funds transfer system owned and operated by the Federal Reserve Bank that is used primarily for the transmission and settlement of payment orders governed by the Fedwire Regulation. ”Fedwire Regulation” shall mean Subpart B of Regulation J of the Board of Governors of the Federal Reserve System, as amended from time to time. “Payment Order” shall mean an instruction to the Bank, from or in your name, to pay a fixed or determinable amount of money to a Beneficiary. ”Repetitive Transfers” shall mean funds transfers in which the Covered Account, Beneficiary, Beneficiary’s financial institution, and Beneficiary’s deposit account are the same for each transfer, and only the date, dollar amount, and optional information vary. “Wire Security Procedures” shall mean those procedures (i) specified in the Wire Authorization; (ii) included in the Appendix; or (iii) as otherwise agreed by you and us for transmitting Payment Orders to the Bank and for verifying such Payment Orders upon receipt by us, as such procedures may be amended to supplemented from time to time by the Bank. Types of Transfers Transfers may be made in two ways: first, transfers may be made on a one-time basis; second, transfers can be made on a recurring basis. One-time transfers can be immediate or scheduled at a future date. The recurring transfer may be used to make transfers of a set amount at recurring intervals. Repetitive Transfers. If we or you determine that certain funds transfers have become Repetitive Transfers, we may assign a repetitive code to Payment Orders pertaining to such Repetitive Transfers. Processing Wire Transfer Payment Orders Customer authorizes Bank from time to time to transfer funds of Customer from any Covered Account to any other deposit account of Customer or a Beneficiary at Bank or another financial institution, or to another financial institution for the benefit of Customer or a Beneficiary, when requested to do so in a Payment Order. With respect to Customers who designate Authorized Users, Customer authorizes Bank to accept Payment Orders from an Authorized User or any person purporting to be an Authorized User. For all Services hereunder, Payment Orders may be transmitted to Bank by any means approved by Bank, including oral, written, or electronic communication. Wire transfer Payment Orders via Online Banking can be made from Customer designated accounts maintained with us to accounts Customer may have at other depository institutions or to accounts...
Fedwire means the funds-transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by Subpart B of Regulation J of the Board of Governors of the Federal Reserve. Fedwire does not include the system for making ACH transfers.
Fedwire means the funds transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by the Fedwire Regulations.