Payment Orders definition
Payment Orders means a Customer's request or order for the transfer of funds from its accounts at Bank, including amendments and cancellations thereof, which are accepted by Bank in compliance with the Security Procedures and the Authentication Procedures set forth in the Enrollment Form. Customer shall complete all documentation required by Bank prior to commencement of the Service.
Payment Orders means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;
Payment Orders. Any person authorized to draw on the account may stop payment of any item drawn on the account by giving us a stop payment order containing certain information and by paying the fee we impose for stop payment orders, as listed on our Service Charge Schedule. You agree that your stop payment order SHALL INCLUDE accurate information as to your account number, the check number if applicable, the amount of the item and the payee’s name. You agree that you will deliver to Legacy a stop payment order by 4:00 p.m. of the day prior to the day on which we receive the item being stopped in order to act on it. We agree to honor a timely and properly executed stop payment order given by any account owner, even if the person giving us the order did not sign the check. You agree to confirm in writing to Legacy an oral stop payment order within 14 days or the stop payment order will lapse after that time. You agree that a written stop payment order is effective for 6 months, and may be renewed in writing for additional 6-month periods. You agree any stop payment order given by one joint owner or authorized signer can be revoked by any joint owner or authorized signer. You agree that we may, in our sole discretion, require that the joint owner or authorized signer giving it join in the revocation before the stop TIME-DATED AND POST-DATED CHECKS: You acknowledge that our high-speed automated processing equipment cannot detect time-dated items (i.e., items stating that they are not valid after a specified date or for more than a specified period of time). Therefore, you agree that we are entitled to pay and charge against the relevant account an otherwise properly payable time-dated item after the date or beyond the period stated on such item. Similarly, you acknowledge and agree that our equipment cannot detect post-dated items (i.e., items bearing a date later than the actual calendar date they were written). You agree we can ignore the post-dating of a check unless you give us advance notice of the post-dating. [You agree to make your notice to us in writing, on a form we will provide upon your request.] You agree that the notice SHALL CONTAIN accurate information as to your account number, the check number, the amount of the check and the payee’s name. In addition, you agree we will not be liable for damages resulting from payment of a post-dated check before its date unless your written notice includes a description of your potential damages. You agree to deliver to Le...
Examples of Payment Orders in a sentence
Customer has not communicated to USCB any restrictions and/or limitations whatsoever relevant to Payment Orders to be executed by USCB.
In executing Payment Orders, USCB may rely exclusively on the Identifying number for the intermediary bank, beneficiary's bank, and beneficiary's account in the Payment Order, even if the names of these parties’ conflict with the account numbers.
More Definitions of Payment Orders
Payment Orders. You could lose funds if you provide incomplete or inaccurate information in your payment orders. We have no obligation to detect errors you make in payment orders (for example, paying the wrong person or the wrong amount). Just because we detect an error once, we won’t be obligated to detect future errors. We’ll rely on the beneficiary account number and beneficiary bank identification number (e.g., IBAN, RTN, or SWIFT BIC) you provide with an instruction or order. ACH Transactions: These additional terms apply to payments to or from your account that you transmit through an ACH:
Payment Orders. Any person authorized to draw on the account may stop payment of any item drawn on the account by giving us a stop payment order containing certain information and by paying the fee we impose for stop payment orders, as listed on our Service Charge
Payment Orders has the meaning set form in section 11. • “Points” are Bilt points that may be earned under the Program and redeemed for certain rewards as provided under this Agreement and other Program rules as established by Bilt from time to time;
Payment Orders. Any person authorized to draw on the account may stop payment of any item drawn on the account by giving us a stop payment order containing certain information and by paying the fee we impose for stop payment orders, as listed on our Service Charge Schedule. You agree that your stop payment order SHALL INCLUDE accurate information as to your account number, the check number if applicable, the amount of the item and the payee’s name. You agree that you will deliver to Legacy a stop payment order by 4:00 p.m. of the day prior to the day on which we receive the item being stopped in order to act on it. We agree to honor a timely and properly executed stop payment order given by any account owner, even TIME-DATED AND POST-DATED CHECKS: You acknowledge that our high-speed automated processing equipment cannot detect time-dated items (i.e., items stating that they are not