Nominated Bank definition
Examples of Nominated Bank in a sentence
We will debit the full amount of the Chargeback and the Chargeback fee from Your Nominated Bank Account.
You will be solely responsible for any charges applied by your bank or the Recipient’s bank resulting from the receipt of funds into Your Nominated Bank Account.
We will credit the full value back to Cardholder and debit the full value from Your PayFac Account and Nominated Bank Account after debiting our Fees and / or Set Off(s) as applicable.
You hereby irrevocably agree that, if we transfer funds to your Nominated Bank Account, we will have fulfilled our duties to you in respect of that transfer.
You acknowledge you have no ownership of these funds until they are transferred to your Nominated Bank Accounts and that no interest is payable on the funds while they are held in the suspense account.
You may be responsible for fees and expenses that your bank imposes on you in respect of the transfer of funds to your Nominated Bank Account.
Remittee – Beneficiary, Advising Bank, Confirming Bank and/or Nominated Bank; Banking day – a day (except for Saturday, Sunday, or official holidays specified by the Legislation), when commercial banks operating in Georgia are open and conduct their normal business.
If you give us an Instruction to sell Securities or where you transfer funds to us from your Nominated Bank Account, you hereby irrevocably authorise us to add the proceeds of the sale transaction (less any associated costs, charges, taxes and other deductions shown on our Website or our mobile application) or the amounts that you have transferred to us (as appropriate) to your Cash Balance.
If you give us an Instruction to buy Securities or to transfer funds to your Nominated Bank Account, you hereby irrevocably authorise us to deduct those amounts (together with our fees and any associated costs, charges, taxes and other deductions shown on our Website or our mobile application) from your Cash Balance.
If you give us an Instruction to sell Securities or where you transfer funds to us from your Nominated Bank Account, you hereby irrevocably authorise us to add the proceeds of the sale transaction (less any associated costs, charges, taxes and other deductions shown on our website or our mobile application) or the amounts that you have transferred to us (as appropriate) to your Available Funds.