Receiving Account definition

Receiving Account means a transaction account that has been identified by the financial institution holding the account as eligible to receive funds from Transfer Transactions.
Receiving Account means, in respect of any Funded Participation, the account of a Party designated as its Receiving Account as set out in Clause 13 or such other account as a Party may notify to the other Party from time to time.
Receiving Account means a bank account that is opened and maintained with any branch of the Bank, and is designated by the Customer as an account that shall receive the Salary Amount and/or the Transferred Funds as specified in the Instruction.

Examples of Receiving Account in a sentence

  • The Funding Account and the Receiving Account may be the same account.

  • Your Receiving Account must be in good standing in order to receive fund transfers.

  • By using the Transfer Service, you agree and authorize us to initiate credit entries to your Receiving Account.

  • You authorize each Participating Financial Institution to use and verify the e-mail address and/or permanent U.S. mobile phone number that are associated with you to process and route Transfer Transactions to and from your Funding Account and/or Receiving Account.

  • In order to use the Transfer Service, you must be a state of Hawaii, Guam or Saipan consumer checking accountholder who is 18 years of age or older and have a Funding Account and/or a Receiving Account.


More Definitions of Receiving Account

Receiving Account means an account that is opened and maintained with a banking branch of any commercial bank in Thailand that is a member of the Clearing House, and is designated by the Customer as the account that shall receive the Transferred Funds as specified in the Instruction.
Receiving Account means any Account that receives funds from another Account in Customer’s Account hierarchy.
Receiving Account means the account of a Party designated as its Receiving Account as specified in the Schedule;
Receiving Account means, the account of each Party designated as its Receiving Account as specified in the Schedule;
Receiving Account means each account maintained by the Customer with the Bank and designated by the Customer and approved by the Bank for receiving payments through the Receivable Collection Services;
Receiving Account means the account that you designate to received the transfer of funds; "Business Day" means Monday through Friday, excluding Federal Reserve holidays; "Scheduled Transfer Date" means the Business Day of your choice upon which your Transfer Instructions will be carried out, your Transferring Account will be debited and the Receiving Account will be credited; and, "Cutoff Time" means 8:00 p.m. Eastern Standard Time on any Business Day and is the time by which you must transmit Transfer Instructions to have them considered entered on that particular Business Day.
Receiving Account means the sort code and account number for the Accountinto which Youwish to receive