Quasi-Cash Transaction definition

Quasi-Cash Transaction means a transaction that is similar or easily converted to cash and that Royal Bank treats as a Cash Advance, including money orders, wire transfers, travellers’ cheques and gaming transactions (including betting, off-track betting, race track xxxxxx and casino gaming chips).
Quasi-Cash Transaction means service transactions provided by a financial institution such as travellers cheques, foreign currency as well as the purchase of gambling chips and other gambling transactions.
Quasi-Cash Transaction means any gambling transaction performed with debit cards in order to obtain goods that could be converted to cash, such as, but not limited to, casino chips/ tokens, lottery tickets.

Examples of Quasi-Cash Transaction in a sentence

  • Cash Back Transaction and/or Quasi-Cash Transaction) from the Account (whether in credit or debit) as such rate(s) as Hang Seng may from time to time prescribe at its discretion.

  • The following Transactions which require a Transaction Receipt must not be processed as Visa Easy Payment Service Transactions: A Fallback Transaction; An Account Funding Transaction; A Cash-Back Transaction; A Manual Cash Disbursement Transaction; A Quasi-Cash Transaction; A Prepaid Load Transaction; A Transaction where Dynamic Currency Conversion is performed.

  • If so utilized, the Bank reserves the right to charge a Cash Advance Fee for any Quasi-Cash Transaction in accordance with the disclosures provided to you from time to time.

  • The service is nearing the end of the procurement phase of our new IT system, which will greatly reduce duplication and ensure that staff can focus on customer service delivery to provide a much more rounded service.

  • In respect of Cash Advances and Quasi-Cash Transactions, We will charge You an interest rate of [***ACR***] from the date of each Cash Advance or Quasi-Cash Transaction.


More Definitions of Quasi-Cash Transaction

Quasi-Cash Transaction means an advance of money from us that is charged to your Account to obtain a wire transfer, travelers cheque, foreign currency, money order, lottery tickets or casino gaming chips or to pay an existing debt or to place a bet.
Quasi-Cash Transaction means a transaction between you and a Customer where you sell items that are directly convertible to cash. Examples include (but are not limited to) money orders, traveler’s cheques, precious metals and foreign currency;
Quasi-Cash Transaction means a transaction involving the sale of item(s) that are directly convertible to cash including the purchase of chips, lottery tickets or other value usable for gambling or gambling- related activities, the placing of a wager, the purchase of traveller’s cheques, foreign currency, money orders, the use of a Card to open or fund a deposit account, at a location other than a member financial institution or transaction(s) in which a merchant accepts a Card for payment of an existing debt, such as a private label card or vehicle loan. Secured Obligations* means all moneys and liabilities, present or future, primary or collateral, joint or several, actual or contingent, which are now or shall at any time be or become due, owing, payable or incurred to us on any account whatsoever (whether in Singapore or elsewhere) (including the Card Account(s)) or in any manner whatsoever including all interest, commission, costs, banking and other charges and expenses (including legal and other professional fees) which we may impose against the Cardmember as well before as after judgment and all costs and expenses (including legal costs on a full indemnity basis) which we may
Quasi-Cash Transaction means a transaction involving the purchase of goods easily and routinely converted into cash such as gaming chips, money orders or foreign cash. receipt means a document used to evidence a transaction. recurring transaction means multiple transactions processed at predetermined intervals, not to exceed one year between transactions, representing an agreement between a cardholder and a merchant to purchase goods or services over a period of time.
Quasi-Cash Transaction means a transaction that is similar or easily converted to cash and that we treat as a Cash Advance, such as a money order, wire transfer, travellers’ cheque and gaming transactions (including betting, off-track betting, race track wagers and casino gaming chips).
Quasi-Cash Transaction means a Transaction whereby the Cardholder uses a Card at a Terminal, POS Kiosk or directly with the cashier at the Merchant Casino to obtain an Authorization and then uses the Authorization to permit a Merchant Casino to generate a Negotiable Instrument that may be cashed, followed by Settlement of the Transaction per the Rules of MasterCard, Visa or any Network where the Bank is a Member and allows such Quasi Cash Transactions.
Quasi-Cash Transaction means any gambling transaction performed with debit cards in order to obtain goods that could be converted to cash, such as, but not limited to, casino chips/ tokens, lottery tickets and/ or any transfer transaction between own accounts opened to different banks, performed using the debit card "Business Banking Day" is that part of a day during which the Bank receives, accepts or refuses to execute operations.