Receiving Bank definition

Receiving Bank means the financial institution where a Receiving Party maintains its account.
Receiving Bank means the bank to which the sender's instruction is addressed.
Receiving Bank means the bank to which the sender’s instruction is addressed.

Examples of Receiving Bank in a sentence

  • June 25, 1992.440.4704 Receiving bank; acceptance of unauthorized or nonenforceable payment; refund; interest; recovery; reasonable time fixed by agreement; agreement to vary obligation to refund payment prohibited.Sec.


More Definitions of Receiving Bank

Receiving Bank means the account holding bank of the accounts, to which the funds are deposited in the interbank fund transfers transaction;
Receiving Bank means an Authorised Deposit taking Institution which has subscribed to the ePayments Code or which receives payments processed through the New Payments Platform (including Osko®) and whose customer has received an internet payment.
Receiving Bank means the bank to which the sender's
Receiving Bank means an Authorised Deposit taking Institution which has subscribed to the ePayments Code and whose customer has received an internet payment.
Receiving Bank means a bank designated in an item to receive the item from a Reserve Bank. With respect to a credit item subject to Article 4A, the term receiving bank may include a beneficiary as defined in Article 4A.
Receiving Bank means Bank of China (Hong Kong) Limited;
Receiving Bank means the bank to which the sender's instruction is addressed; and[PL 1991, c. 812, §2 (NEW).]