Account Verification definition

Account Verification is the process of either (a) retrieving the specified customer account information from a single financial institution Data Source and presenting such account information to Bank of America for Bank of America’s use in verifying financial accounts or otherwise authenticating customers, or (b) providing a corresponding error code to Bank of America due to invalid credentials or account and routing numbers from customer for a single financial institution account. An Account Verification may be used only one (1) time, only at the specific time requested and solely for the single, specific purpose requested.
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Account Verification. Whether or not a Default or Event of Default has occurred, any of Agent's officers, employees or agents shall have the right at any time, upon reasonable notice during business hours, in the name of Agent or a Borrower, to verify the validity, amount or any other matter relating to Accounts by mail, telephone or otherwise. Borrowers shall cooperate fully with Agent, its officers, employees or agents in such process.
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Examples of Account Verification in a sentence

  • Payment for each subscription for Units shall be in the form of a check made payable to "Lease Equity Appreciation Fund II, L.P. Escrow Account." Verification of the Subscription Proceeds by the Escrow Agent will be available via direct, online access, telecopier, or other electronic media as soon as practicable after receipt.

  • Bank of America shall pay such Account Verification Fees within thirty (30) days after its receipt of Supplier’s invoice.

  • The Account Verification Service is intended to verify your authority and access to external financial accounts by confirming your ability to access to the external financial account.

  • You agree that the results of the Account Verification Service are for use by you and Company and its service providers only in connection with the [Company] Service, on [Company]’s website.

  • Supplier shall calculate the foregoing Account Verification Fees at the end of each calendar month and invoice Bank of America for such fees within thirty (30) days following the end of such month.

  • Notwithstanding any other provision, use of the SDK Service is expressly limited to obtaining Instant Account Verification – Data Service data elements.

  • Your use of the Account Verification Service is subject to the terms and conditions of this Account Verification User Agreement and [Company]’s User Agreement incorporated herein by reference.

  • Bank of America will use the SDK Service to confirm ownership of external financial accounts (e.g. bank accounts) via the following method: • Instant Account Verification – Data Service.

  • Beginning on December 20, 0000, Xxxx xx Xxxxxxx shall pay Supplier an Account Verification fee for each Instant Account Verification (“IAV”) Request based on the Account Verification Fee schedule below (the “Account Verification Fees”): ACCOUNT VERIFICATION FEES Total number of IAV requests per month Per IAV Request Fee [****] [**** ] [****] [**** ] [****] [**** ] [****] [**** ] [****] [**** ] The above variable fees apply to all IAV requests in a month.

  • Bank of America shall not use the information returned from Yodlee in connection with the account verification request to make creditworthiness determinations Bank of America shall not repackage, redistribute, divert, license, rent, or resell Customer Data or the result of any Account Verification to or for the benefit of any third party.

Related to Account Verification

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Verification Report As defined in Section 4.19.

  • Independent Verification means that an evaluation is undertaken and reported by an individual or body whose organisation, systems and procedures conform to ISO Guide 65:1996 (EN 45011:1998) General requirements for bodies operating product certification systems (as amended form time to time) or equivalent, and who is accredited to audit against forest management standards by a body whose organisation, systems and procedures conform to ISO 17011: 2004 General Requirements for Providing Assessment and Accreditation of Conformity Assessment Bodies (as amended from time to time) or equivalent.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • CEC Certification and Verification means that the CEC has certified (or, with respect to periods before the Project has been constructed, that the CEC has pre-certified) that the Project is an ERR for purposes of the California Renewables Portfolio Standard and that all Energy produced by the Project qualifies as generation from an ERR for purposes of the Project.

  • Verification means the process of comparing sets of data to establish the validity of a claimed identity (one-to-one check);

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • ACH means automated clearing house transfers.

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Account Application or “Application” shall mean the application, as may be amended from time to time, by which this Agreement is established between the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian. The statements contained therein shall be incorporated into this Agreement.

  • Client Account means any account opened by the Client at the Company including Transitory Accounts, trading accounts, partner accounts, Manager's accounts, Investor's accounts and other account types.

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Lockbox has the meaning set forth in Section 2.11.

  • Data Processing Addendum means Sprinklr’s Data Processing Addendum, located at www.sprinklr.com/legal

  • payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.