Instant Access Account definition

Instant Access Account means an account (other than a current account) where you do not need to give us any prior notice before making a withdrawal and where your deposit is not for a fixed term. Instant access accounts are sometimes referred to as “call accounts”.
Instant Access Account means a bank account that permits access to funds on any given business day;
Instant Access Account means a bank account that permits access to funds on any given business day; “Notice Account” means any account on which funds cannot be accessed immediately and a period of notice must be provided by the Client in advance of gaining access to the funds held within such account; “Notice Contract” means a fixed term contract which, following a valid Notice Account withdrawal notification request by the Client, are subject to the Notice Period. Funds held pursuant to a Notice Contract are not available for withdrawal by the Client until the expiry of such Notice Period;

Examples of Instant Access Account in a sentence

  • There may also be times when we have to stop money coming into your Chip Instant Access Account for legal or regulatory reasons.

  • In these circumstances, your access to your Chip Instant Access Account may be suspended until we are satisfied that there is no longer a security risk, or your login details may be reset.


More Definitions of Instant Access Account

Instant Access Account means an instant access bank account with us.