FI Account definition

FI Account means an account in your name or, if applicable, in the name of a spousal contributor, at another financial institution;
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Examples of FI Account in a sentence

  • The ACH authorization must identify the FI Account to RBC CM’s satisfaction.

  • You may authorize the following types of ACH transfers (availability for services varies with Account type and may not all be available via the Program): • Transfers from the Accounts to an FI Account.

  • The FI Account must be maintained by, or at, a domestic U.S. financial institution capable of processing ACH transactions.

  • Such additional conditions may include, without limitation, requiring that authorized parties on the FI Account match the names on the Accounts.

  • ACH transfers (including, but not limited to, dividends, interest and retirement distributions) will be made to an FI Account in the amounts and at intervals you specify.

  • For transfers to the Accounts from an FI Account, RBC CM may, in its sole discretion, impose additional restrictions to ensure that the owner of the FI Account has authorized the transfer.

  • Transfers will typically require the following time periods: • Regularly Scheduled Payments: (dividend, interest, dividend distributions and systematic withdrawals) from the Accounts to the FI Account will normally take two (2) days to complete.

  • Subject to applicable banking regulations and RBC CM policy, ACH transfers from an FI Account to the Accounts will be made in the amounts and at intervals you specify.

  • RBC CM may, at its discretion, terminate your ACH Services, including any instructions to initiate recurring fund transfers, with regard to any Account to which any of the following occurs: • Any change in the ownership; • Termination or closure; or • A transfer to or form is returned because the financial institution that maintains the FI Account has closed or frozen the FI Account or rejected an ACH transfer due to insufficient funds.

  • RBC CM will assess a service charge (the amount of which is subject to change without notice) for each transfer into the Accounts that is rejected by a financial institution because the FI Account has been closed or frozen or because there are insufficient funds in the FI Account.

Related to FI Account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;