Virtual Account definition

Virtual Account means the Vanilla eGift Visa Virtual Account issued by The Bancorp Bank, and distributed and serviced by InComm Financial Services, Inc. All Virtual Accounts issued in the State of Texas are distributed and serviced by InComm Financial Services, Inc. You may contact InComm Financial Services, Inc. by phone at 0-000-000-0000 or by mail at X.X. Xxx 000, Xxxxxxx, Georgia 31808. Virtual Account also means the records we maintain to account for the value of claims associated with the Virtual Account. “Issuer” means The Bancorp Bank or its depository institution affiliate. The Issuer is an FDIC insured member institution. “You” and “your” mean the person or persons who have received the Virtual Account and are authorized to use it as provided for in this Agreement. “We,” “us,” and “our” mean the Issuer, and its successors, affiliates or assignees. You acknowledge and agree that the value available in the Virtual Account is limited to the funds that have been loaded to the Virtual Account on your behalf. The Virtual Account is a prepaid account. The funds in the Virtual Account are pooled with funds of other account holders and held by InComm Financial Services, Inc. in an account with the Issuer for your benefit, with the balance of such funds to be reduced through your use of such funds in accordance with the terms of this Agreement. The Virtual Account is not connected in any way to any other account. The Virtual Account is not a credit card and it is not for resale. You will not receive any interest on the funds in the Virtual Account. The Virtual Account remains the property of the Issuer and must be surrendered upon demand. The Virtual Account is nontransferable and it may be canceled, repossessed, or revoked at any time without prior notice subject to applicable law. The Virtual Account is not designed for business use, and we may close it if we determine it is being used for business purposes. We may refuse to process any transaction that we believe may violate the terms of this Agreement. Our business days are Monday through Friday, excluding federal holidays, even if we are open. Any references to “days” found in this Agreement are calendar days unless indicated otherwise. Write down the Virtual Account number you received and the customer service phone number provided in this Agreement on a separate piece of paper. Keep the paper in a safe place because you will not receive a physical card. Please read this Agreement carefully and keep it for future re...
Virtual Account means a temporary access device issued to you by MetaBank that you may elect to obtain to access your Card Account for telephone or online transactions, without needing to present your Card. “Issuer,”“we,”“us,”
Virtual Account means the temporary access device obtained in connection with the Card Account. “Account Number” means the 13-digit Account Number assigned to you to identify your Card Account. “Card Number” is the 16-digit number embossed on your Card. “You” and “your”

Examples of Virtual Account in a sentence

  • If you need to replace your Virtual Account for any reason, please contact Customer Service.

  • You will not be charged a fee for replacement Virtual Accounts that we send due to expiration of the Virtual Account.

  • You may not use the Virtual Account after the “Account Expires” date.

  • However, even if the “Account Expires” date has passed, the available funds on your Virtual Account do not expire.

  • If your Virtual Account is in good standing and you have available funds on the Card, we will issue you a new Card upon expiration.


More Definitions of Virtual Account

Virtual Account means the multi-currency virtual account which enables Company to (i) hold the Available Balance in a Supported Currency; (ii) convert a Supported Currency into a currency of choice made available by Azimo from time to time (iii) facilitate the transfer of funds by Company to a third party. The Virtual Account does not constitute a bank account or financial instrument. Please note references to a person include a natural person, corporate or unincorporated body (whether or not having separate legal personality) and shall include reference to that person’s successors or assigns.
Virtual Account means an account opened by us with a Partner Bank on your behalf.
Virtual Account means an Account with no physical Card, intended primarily for Electronic Commerce Transactions (as defined in the Visa Rules).
Virtual Account means a virtual account assigned by the Bank based on Virtual Network Collection Service Application provided by the Customer.
Virtual Account means a bank account in the name of Airwallex (Hong Kong) Limited or an affiliate, which shall be used to receive funds from Acquirers, the details of which we will provide to you from time to time.
Virtual Account means the identification number of the Lender (end user) that is included in or part of the Escrow Account, and is made by the bank, with the aim to identify the receipts of an account.
Virtual Account means the temporary access device obtained in connection with the Card Account. “Account Number” means the 13-digit Account Number assigned to you to identify your Card Account. “Card Number” is the 16-digit number embossed on your Card. “You” and “your” mean the person or persons who have received the Card and are authorized to use the Card as provided for in this Agreement. “Cardholder” and “Primary Cardholder,” refer to the person who submits an initial request for the Card. “Secondary Cardholder” refers to the person(s) who have received the Card at the request of the Primary Cardholder and are authorized to use the Card as provided for in the section labeled “Secondary Cardholder”. “We,”“us,” and “our” mean the Issuer, our successors, affiliates or assignees. “PayPal Account” means an account that is created through xxx.