Old Account definition

Old Account is the account that you are switching from at your Old Bank. • Your “Old Bank” is the bank, building society or other payment account provider displaying the Current Account Switch Service Trustmark that you are switching from.
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Old Account means any account arising prior to the Conversion Date under the Original Account Purchase Agreement, the terms of which were governed by either (i) a credit agreement between a consumer and MW and assigned to MWCC or (ii) an agreement between a consumer and MWCC with respect to the State *Confidential treatment has been requested with respect to this information. of Washington, both if and to the extent Monogram acquires such account and converts it to an Account.
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Old Account means the account that was in existence immediately before the commencement of this section under the Part VIIIA of this Act that was repealed by the Ozone Protection and Synthetic Greenhouse Gas Legislation Amendment Act 2003 .
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Examples of Old Account in a sentence

  • This means that there is no guarantee that payment requests sent to your Old Account will be redirected to your New Account.

  • Note: If you have arranged to make recurring payments using your Old Account debit card number, your Old Bank won’t know your New Account debit card number so won’t be able to transfer these to your New Account.

  • Funds will be retained by your Old Bank to cover any transactions made before the Switch Date on your Old Account which are still in the process of being cleared on the Switch Date.

  • If you have outstanding debt on your Old Account (including any fees or charges) after the Switch Date, your Old Bank will tell you.

  • Funds will also be retained by your Old Bank to cover debit card transactions that have already been authorised but which have not yet been paid out of your Old Account.

  • You are liable for any outstanding debt on your Old Account remaining after the Switch Date.

  • For 3 years after the Switch Date if your Old Bank receives payments or requests for payments which relate to your Old Account, subject to compliance with applicable laws, it will redirect these to your New Account.

  • However, if there is an outstanding debt on your Old Account, your Old Bank is entitled to use any funds or payments it receives (including by cheque) in full or part settlement of the debt on your Old Account.

  • Instead, any payments made to, or requests for payments from, your Old Account will be returned to the payment originator with the reason “account closed”.

  • Your Old Bank will forward any funds remaining in your Old Account to your New Account on the Switch Date.


More Definitions of Old Account

Old Account in Section 1:
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