Remotely Created Checks definition

Remotely Created Checks means an item not bearing the drawer’s (your) actual signature, but purporting to be authorized by the drawer (you).
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Remotely Created Checks mean remotely created checks as defined in Regulation CC, and include checks that, among other things, do not bear the signature of the person on whose Account the check is drawn.
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Remotely Created Checks means checks whereby the drawer granted the payee authorization to produce a remotely created check drawn on the drawer’s deposit account.
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Examples of Remotely Created Checks in a sentence

  • Demand Drafts and Remotely Created Checks If you deposit a demand draft or remotely created check (an unsigned draft or preauthorized draft) into your account, you warrant and guarantee that the draft or remotely created check is authorized according to the terms on its face by the person(s) identified as the drawer.

  • We will not accept Remotely Created Checks, third-party checks, or Foreign Items.

  • Remotely Created Checks and Electronically Created Items A remotely created check is a writing not signed by the customer that is created by a third party under the purported authority of the customer for the purpose of charging the customer’s account with a financial institution.

  • Such Checks are sometimes referred to as “Remotely Created Checks.” You authorize Folio and the Bank to pay such Remotely Created Checks without notice to you.

  • Remotely Created Checks For purposes of this paragraph, "account" means a transaction account, credit account, and any other account on which checks (share drafts) may be drawn.

  • Remotely Created Checks Like any standard check or draft, a remotely created check (sometimes called a telecheck, preauthorized draft or demand draft) is a check or draft that can be used to withdraw money from an account.

  • Remotely Created Checks If you deposit a remotely created check (that is, a check that was not signed by the person on whose account it is drawn), you warrant that the person on whose account the check is drawn authorized the issuance of the check in the amount stated on the check and to the payee stated on the check.

  • Remotely Created Checks and Demand Drafts You may not deposit remotely created checks or demand drafts to an account with us without our prior, express written consent.

  • ECHECKING WITHDRAWALS No Paper or Remotely Created Checks or Drafts Permitted Paper checks, or remotely created checks or drafts prepared using your account information will not be payable from your eChecking account.

  • Most of the payments that Giact processed for the Giact Merchant-Clients were in the form of Remotely Created Checks (“RCCs”) that Giact created, using consumer bank account information supplied by the Merchant-Client, and then deposited electronically into the appropriate Merchant-Client’s accounts at the Bank.

Related to Remotely Created Checks

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  • Direct Load Control means load reduction that is controlled directly by the Curtailment Service Provider’s market operations center or its agent, in response to PJM instructions.

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  • Personal Securities Transactions means any transaction in a Security pursuant to which an Access Person would have a Beneficial Ownership interest with the exception of obligations of the U.S. Government, bankers’ acceptances, bank certificates of deposit, money market fund shares, commercial paper, high quality short-term debt instruments and registered open-end investment companies, none of which are funds advised or sub-advised by the Firm.

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  • Valuation manual means the manual of valuation instructions adopted by the NAIC as specified in this section or as subsequently amended.

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  • Load Control Equipment means the equipment (which may include, but is not limited to, ripple receivers and relays) that is from time to time installed in, over or on Consumer’s Premises for the purpose of receiving signals sent by Load Signalling Equipment and switching on and off, or otherwise controlling, controllable load;

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