Funds Verification definition

Funds Verification means the verification of sufficient funds in the Account for payments and verification that the Account is active and in good standing with the Bank.
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Examples of Funds Verification in a sentence

  • In addition to the foregoing Bank limitations, all Expedited Payments are subject to Payee validation, Payee established cut-off payment time-frames, and Funds Verification.

  • In the event the funds in your Account cannot be verified by Bank, then Bank may delay or cancel your scheduled payment(s) and/or Bank may send the payment requests through its exceptions processing procedures for further Funds Verification; any exceptions processing will be in Bank’s sole discretion.

  • Prior to any ▇▇▇▇ Payment request, the funds in Company’s Account are subject to Funds Verification; Company’s Account must have sufficient funds and the Account must be active and in good standing with the Bank.

  • In addition to the foregoing Bank limitations, all Expedited Payments are subject to Payee validation, Payee established cut-off payment time frames, and Funds Verification.

Related to Funds Verification

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Verification Report As defined in Section 4.19.

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • STATUS VERIFICATION SYSTEM This “Status Verification System” requirement, also referred to as “E-Verify”, only applies to contracts issued through a Request for Proposal process and to sole sources that are included within a Request for Proposal.

  • Verification means the process of comparing sets of data to establish the validity of a claimed identity (one-to-one check);