Global Account definition

Global Account means a unique virtual collection account opened by Us on Your behalf, which offers the ability to receive, hold, convert and pay out across multiple currencies, including in respect of a subset of those currencies, the issuance of local business bank account details that allow You to receive directly in those currencies.

Global Account means the collection account created by Airwallex for your use to receive funds in the Supported Currency in a Supported Jurisdiction.

Global Account means the electronic money account you open and maintain with Currencycloud, also referred to from time to time as Primary Account and/or Named Account;

Examples of Global Account in a sentence

• We will advise you of this requirement, if relevant, when you request to open a Global Account.

• Delivery of the Lodgement shall be by use of one of the two methods set out at Clause 7.1 and 7.2 (or 7.3 where You have a Global Account with Us).

• This may be done by You selecting to “push” the money into the Nominated Account or You may select a preference to permit Us to automatically pull the money from Your Nominated Account into the Global Account.

• In the event that You have opened a Global Account with Us, it is possible for You to fund the Nominated Account by moving money from Your Global Account into the Nominated Account.

• As such this Agreement is transactional in nature and You acknowledge that You are entering a transactional contract with Us, unless You open a Global Account, in which case the provisions of Clause 3.3 apply.

More Definitions of Global Account

Global Account means a Customer listed as such on Schedule 2.1.

Global Account means the account opened in the records of a central depository in which the financial instruments belonging to several clients whose custodian is RBRO are registered.

Global Account means a unique virtual collection account or stored value account which shall, by default, be opened by Us on Your behalf where possible, which offers the ability to receive, hold, convert and pay out across multiple currencies;

Global Account means the electronic money account you open and maintain with TCCL.

Global Account means the electronic money account you open and maintain with Currencycloud through the Website;

Global Account means a unique virtual collection account opened by Us on Your behalf, which offers the ability to receive, hold, convert and pay out across multiple currencies, including in respect of a subset of those currencies.

Global Account means the unique account ledger registered under your name and which records the amount of funds collected from your payers by Airwallex for you as part of the “Collection Services” provided under the Payout and FX Terms;