Receiver’s Account definition
Examples of Receiver’s Account in a sentence
However, the payment funds will be transferred into the Receiver’s Account no earlier than the next Business Day following the specified date.
Company shall ensure that changes requested by the NOC are made within six (6) Business Days of Company’s receipt of the NOC information from Bank or prior to initiating another Entry to the Receiver’s Account, whichever is later.
Entries transmitted by Financial Institution or credited to a Receiver’s Account maintained with Financial Institution will be reflected on Company’s periodic statement issued by Financial Institution with respect to the Account pursuant to the agreement between Financial Institution and Company.
Company shall ensure that changes requested by the NOC or Corrected NOC are made within the number of Banking Days as required by the Rules of Company’s receipt of the NOC information from Bank or prior to initiating another Entry to the Receiver’s Account, whichever is later.
Our ability to stop a Payment Instruction or recover funds associated with an unauthorized Payment Instruction will depend on the manner in which the Payment Instruction was initiated, and whether the Payment Instruction to the Receiver’s Account has begun processing.
If either of those requirements is not met, then the Bank shall use reasonable efforts to credit the Receiver’s Account in the amount of such Entry on the next business day following such Effective Entry Date.
Third-Party Sender shall ensure that changes requested by the NOC or Corrected NOC are made within the number of Banking Days as required by the Rules of Third-Party Sender’s receipt of the NOC information from Bank or prior to initiating another Entry to the Receiver’s Account, whichever is later.
Entries transmitted by the Bank or credited to a Receiver’s Account maintained with the Bank will be reflected on your periodic statement issued by the Bank with respect to the Account pursuant to the agreement between you and the Bank.
Sender may cancel the initiation of a Payment Instruction or stop a Payment Instruction at any time until the processing of the Payment Instruction into the Receiver’s Account has begun.
Entries transmitted by the Credit Union or credited to a Your account at DWCU as a recipient (Receiver’s Account) will be reflected in Your periodic statement.