Beneficiary Account definition

Beneficiary Account means the bank account to which you are sending funds.

Beneficiary Account means the Account established for a Beneficiary in accordance with Section 6.2.

Beneficiary Account means the bank account of the Beneficiary which is the subject of a Payment.

Examples of Beneficiary Account in a sentence

• The Account Holder can make Payment Orders for outward money transfers (SWIFT payments) from their Payment Account to any Beneficiary Account, except for Beneficiary Accounts in countries of low or non-reputable jurisdictions or of persons or entities, which are not allowed by Finductive due to international sanctions or other reputational issue.

• In the event of a Participant’s death, any Beneficiary who opens a Beneficiary Account may name a subsequent Beneficiary to receive the balance of the Beneficiary Account upon the death of the original Beneficiary.

• Beneficiary / Payee A natural or legal person who is the intended recipient of funds originating from a payment order; Beneficiary Account A payment account managed by a Payment Service Provider belonging to the Beneficiary/Payee.

More Definitions of Beneficiary Account

Beneficiary Account means the segregated account maintained by the Trustee for each Beneficiary that has deposited Trust Shares under this Agreement, as contemplated by Section 2.01(f);

Beneficiary Account means the account belonging to the Beneficiary, which you have instructed us to send money to.

Beneficiary Account means the bank account of the beneficiary where to which the money instructed for by SGM -FX’s Client will be sent to.

Beneficiary Account means the Account established for a Beneficiary in accordance with Article IX.

Beneficiary Account means the bank account of the Beneficiary where the funds subject to a Payment will be sent.

Beneficiary Account means a share or deposit account in a credit union where 1 or more persons are designated as owners and 1 or more other persons are designated as beneficiaries. A beneficiary account is not a trust or trustee for beneficiary account.

Beneficiary Account means the account, which you provide us with the details of,belonging to a third party which is to be the recipient of money subject to a Payment;