Nominated Account definition
Examples of Nominated Account in a sentence
Any request to change the Nominated Account or revoke this authorization must be received in writing at least ten (10) Business Days prior to the effective date of the change or revocation.
If an attempt to debit the Nominated Account is unsuccessful for any reason, including without limitation as a result of a payment decline or insufficient funds, Client authorizes Verto and Bank to reinitiate attempt(s) to debit Client’s Nominated Account.
Withdrawal methods are payment services provided, at least in part, by third party financial institutions (for example, the bank where you hold your Nominated Account).
If Client requests to change the Nominated Account or revokes this authorization, Verto will immediately suspend Client’s access to the Verto Platform until Client provides effective debit authorization over a Nominated Account.
Before initiating an FX Transaction via Exchange Now, you will be provided with a quote detailing the amount to be debited either directly from your Wallet, Verto Global Account, or your Nominated Account, at your selection, including any applicable conversion Fees, and the exchange amount to be provided, along with the Exchange Rate.