Originating Account definition

Originating Account means an Account or Accounts maintained with the Bank in the name of the Customer, whether in sole or joint names, nominated by the Customer for access through the Services.
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Originating Account means those account(s) maintained with the Bank in the name of the Customer, whether in sole or joint names, nominated by the Customer for access through the Services and from which money may be withdrawn.
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Originating Account means an Account or suspense account maintained with the Bank in the name of the Customer, whether in sole or joint names, which may be nominated by the Customer for access through the Services and from which money may be withdrawn. The Originating Account is also known as the ‘pay from’ account.
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Examples of Originating Account in a sentence

  • Originating Account A payment account managed by a Payment Service Provider belonging to the Payer.

  • We will invoice the Originating Account Customer for the Charges on a monthly basis (or such other period as may be agreed between the Originating Account Customer and us) and the Originating Account Customer authorises us to debit the Charges shown on the invoice from the Originating Account (or such other account as may be agreed between the Originating Account Customer and us).

  • We may, to the extent permitted by law, attempt to return any unclaimed, refused, refunded, prohibited, failed, or denied transaction, or take other action to return the funds to the Originating Account.

  • You will ensure that the Originating Account has sufficient funds or available facilities to adequately fund the amount of a Wire.

  • If your Originating Account does not have sufficient available funds, we may attempt to debit your Originating Account multiple times.

  • Overseas Currency Wires must originate from a Canadian dollar denominated Originating Account.

  • You represent and warrant that you are either the sole owner or a joint owner of the Originating and Recipient Account and that you have all necessary legal right, power and authority to transfer funds between the Originating Account and the Recipient Account.

  • The Originating Account from which funds are transferred may be a deposit account (e.g., share/savings, share draft/checking) account, or HSFCU line of credit.

  • U.S. dollar Wires may originate from a Canadian or U.S. dollar Originating Account.

  • All payments you make through the Bill Payment Service will be deducted from your Originating Account.


More Definitions of Originating Account

Originating Account means, in a Points-Roll-Up scenario only, a Rewards Account from which Points “roll-up” to a Recipient Account.
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Originating Account means the account of a party in an allowance transfer from which NOx allowances are transferred through whatever means, including but not limited to purchase, trade, auction, or gift. An originating account may be a compliance account, an overdraft account, or a general account.
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Originating Account has the meaning specified in Section 6.13(l)(iii).
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Originating Account means an Account or suspense account maintained with the
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Originating Account means the Accounts at CWB which are set up for CWB to debit Wire amounts;
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Originating Account means the Client’s account at ATB Financial which is set up for ATB Financial to debit Wire amounts;
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Related to Originating Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Collection Accounts As defined in Section 3.10(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Disbursement Account means an account established and owned by Company and held at the Disbursement Institution against which wire transfers and ACH transfers are settled for payment of Loan Proceeds to Borrowers.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.