Fund Transfer definition

Fund Transfer refers to any payment initiated from your account held with the “Bank”

Fund Transfer means any transaction carried out on behalf of a payer through a Financial Institution by electronic means with a view to making an amount of funds available to a payee at a beneficiary institution, irrespective of whether the payer and the payee are the same person;

Fund Transfer means a transfer of the assets of the Fund to a successor fund pursuant to a liquidation, dissolution or winding up of the Fund or a distribution of all or substantially all of the Fund's assets and property to a successor fund.

Examples of Fund Transfer in a sentence

• As stated in 1984 PA 431, all contracts that the State enters into for the purchase of goods and services must provide that payment will be made by Electronic Fund Transfer (EFT).

• Electronic Fund Transfer credited in BHEL account (before tender opening).

• If the discrepancy noted is the result of an electronic fund transfer, then the provisions of Our Electronic Fund Transfer Agreement with You will control resolution of the matter.

• All payments to bidders will only be made by means of Electronic Fund Transfer (EFT).

• Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (aaa) cash; (bbb) money order; (ccc) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (ddd) Electronic Fund Transfer.

More Definitions of Fund Transfer

Fund Transfer means any instructions (other than cheques) given to a financial institution to pay or deliver funds /

Fund Transfer means outward transactions made by Axis Bank customer through their internet banking to beneficiary abroad.

Fund Transfer. We mean: A debit from Your Account as a direct result of an electronic transfer of funds for a personal transaction. A Funds Transfer excludes payments made in cash and payments made by any person who You know or are familiar with and who You have authorised to make use of the Access Device. For goods and/or services advertised via classified advertisements, cover is limited to 30 (thirty) percent of the cover limit reflected on the Policy Schedule.

Fund Transfer. We mean: A debit from Your Business Account as a direct result of an electronic transfer of funds for a business-related transaction. A Funds Transfer excludes payments made in cash.

Fund Transfer means any of the following activities carried out by the customer through Axis Internet Banking – NEFT/RTGS/IMPS/Axis to Axis Transfer.

Fund Transfer means an instruction by a Member to the Trustee to sell, liquidate, or redeem any investment in an Investment Option Fund in such Member's Employee Account, and transfer the proceeds to another Investment Option Fund in his Employee Account pursuant to the terms of the Plan. A Fund Transfer may not be made from an Investment Option Fund in a Member's Regular Account to an Investment Option Fund in a Member's Before Tax Account, or vice versa.

Fund Transfer we mean: Any transfer of funds initiated in person or through an electronic terminal, telephone, computer, or magnetic tape for the purpose of ordering, instructing or authorising an Outside Entity to debit or credit your Account. Fund transfer includes but is not limited to:  point-of-sale transfers;  automated teller machine transfers;  direct deposits or withdrawals of funds;  transfers initiated by telephone;  transfers resulting from debit card transactions, whether or not initiated through an electronic terminal; A Funds Transfer does not include a transfer of funds:  by the Outside Entity or its employee; or  from any person who You know or are familiar with and who You have authorised to make use of the Access Device;