Examples of Funds-transfer system in a sentence
Provided, however that, if a request for Transfer is made immediately before the end of counter service hours or during an extremely busy period, or if there exist any other unavoidable circumstances, such transfer notice may be dispatched on the business day following the date of request (This is limited to the days on which the Bank of Japan NET Funds Transfer System operates.).
Salary, subject to statutory or other authorized deductions, shall be paid on Fridays, by direct deposit to a financial institution, which participates in the National Electronic Funds Transfer System, as determined by the teacher.
A Funds Transfer begins when you authorize us to transfer funds from one of your accounts (a Payment Order) and send it using the Federal Reserve Wire Funds Transfer System (Fed Wire) and ends when your Payment Order is accepted by a bank (Receiving bank) for the benefit of the person/entity for whose benefit (now the Beneficiary’s Bank) you asked us to send the funds.
You agree that all items and their proceeds may be handled in accordance with applicable Federal Reserve Bank rules and regulations, Clearing House Association or Funds Transfer System rules, and contractual arrangements with other financial institutions.
These instructions may be modified, changed or altered by submission of the written modification to us; such modifications must be signed by you and such modifications shall not be effective until they are incorporated into the Funds Transfer System by us.