Non-Payment Account definition
Non-Payment Account means an account held in the name of one or more persons which is not used for the execution of payment transactions, for example a Fixed Term and Fixed Deposit Account.
Non-Payment Account means an Account which has restrictions on money being paid in and out and through which Payment Transactions are not usually executed, such as Savings Accounts (excluding the Online Easy Access Account) and Fixed Term Deposits;
Non-Payment Account means the Money Desk Deposit Account.
Examples of Non-Payment Account in a sentence
Non-Payment Account Suspension Rights: Landvoice may terminate customer’s subscription if the billing or contact information provided by customer is false or fraudulent.
More Definitions of Non-Payment Account
Non-Payment Account means any Account which is not a Payment Account.
Non-Payment Account means a banking account that is predominantly used for saving rather than for making payments.