Direct Deposit Account Clause Samples

Direct Deposit Account. If you enroll for an Account and are approved by us, and we have confirmed that your Account has received a direct deposit of funds totaling between $200.00 and $499.99 into the Account, your Account automatically becomes a Direct Deposit Account. Your Account will remain a Direct Deposit Account with a qualifying deposit between $200.00 and $499.99 every 35 days. You may use the Temporary Card or the Personalized Card, as applicable, to access the Account. Certain fees will be reduced or waived. Consult your Fee Schedule for details. Bill pay is available to you. In addition, under the Direct Deposit Account, for qualifying direct deposits in the Direct Deposit Account, those funds may be available to you two days earlier than your normal pay date (see section above entitled “Early ACH Deposits” for more details). The purchase cushion and overdraft protection features are also available to you if you qualify. These features are described in more detail above.
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Direct Deposit Account. The direct deposit account number associated with your Prepaid GPR Visa® Card cannot be used for payment (preauthorized direct debits from merchants or from utility or Internet service providers). If presented for payment, these preauthorized direct debits will be declined and your payment to the merchant or provider will not be processed. The bank routing number and direct deposit account number are for the purpose of initiating direct deposits to your Prepaid GPR Visa® Card Account only. You are not authorized to provide this bank routing number and direct deposit account number to anyone other than your employer.
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Direct Deposit Account. Your prepaid Card Account and associated direct deposit account number cannot be used for preauthorized direct debits from merchants or from utility or Internet service providers. If presented for payment, these preauthorized direct debits will be declined and your payment to the merchant or provider will not be processed. The bank routing number and direct deposit account number are for the purpose of initiating direct deposits to your prepaid Card Account only. You are not authorized to provide this bank routing number and direct deposit account number to anyone other than your employer or payer. The maximum amount that can be spent on your Card per day is $5,000. The maximum value of your Card is restricted to $5,000. You may use your Card to purchase or lease goods or services wherever Visa debit cards, Interlink cards, or STAR cards are accepted as long as you do not exceed the value available on your Card Account. Some merchants do not allow cardholders to conduct split transactions where you would use the Card as partial payment for goods and services and pay the remainder of the balance with another form of legal tender. If you use your Card at an automated fuel dispenser (“pay at the pump”), the merchant may preauthorize the transaction amount up to $75 or more. If your Card is declined, even though you have sufficient funds available, pay for your purchase inside with the cashier. If you use your Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the merchant may preauthorize the transaction amount for the purchase amount plus up to 20% or more to ensure there are sufficient funds available to cover tips or incidental expenses incurred. Any preauthorization amount will place a “hold” on your available funds until the merchant sends us the final payment amount of your purchase. Once the final payment amount is received, the preauthorization amount on hold will be removed. It may take up to seven (7) days for the hold to be removed. During the hold period, you will not have access to the preauthorized amount. If you use your Card number without presenting your Card (such as for a mail order, telephone, or Internet purchase), the legal effect will be the same as if you used the Card itself. For security reasons, we may limit the amount or number of transactions you can make on your Card. Your Card cannot be redeemed for cash. You may not use your Card for online gambling or any illegal transaction. Each time you use ...
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Direct Deposit Account. The Credit Union’s routing number and direct deposit account number are for the purpose of initiating direct deposits to your Card only. You are not authorized to provide the Credit Union’s routing number and direct deposit account number to anyone other than your employer or payer. You agree not to direct deposit federal payments to your reloadable card. If presented for payment, preauthorized direct debits will be declined and your payment to the merchant or provider will not be processed.
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Direct Deposit Account. The direct deposit account number associated with your Visa® Prepaid Reloadable College Card allows you to authorize payroll, social security, pension or other recurring payments to be directly deposited to your Prepaid Card electronically. To obtain your direct deposit account number and bank routing number login to your prepaid account and click the ‘Set up Direct Deposit’. Then click “Click here to download’ to download and print the Direct Deposit form. Generally, it takes 1-2 pay periods for your employer or benefits provider to start depositing your check in your prepaid account.
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Direct Deposit Account. Your prepaid Card Account and associated direct deposit account number cannot be used for preauthorized direct debits from merchants or from utility or Internet service providers. If presented for payment, these preauthorized direct debits will be declined and your payment to the merchant or provider will not be processed. The bank routing number and direct deposit account number are for the purpose of initiating direct deposits to your prepaid Card Account only. You are not authorized to provide this bank routing number and direct deposit account number to anyone other than your employer or payer.
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Related to Direct Deposit Account

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Direct Deposits The Credit Union may offer direct deposit options allowing you to preauthorize deposits (i.e., payroll checks, Social Security or retirement checks, or other government checks) or preauthorize transfers from other accounts at the Credit Union. You must authorize any direct deposits to your accounts by a separate authorization form. If applicable, you must notify the Credit Union at least thirty (30) days prior to any direct deposit or preauthorized transfer if you wish to cancel or change the direct deposit or direct transfer option. Upon a filing of a bankruptcy, if you fail to cancel any direct deposit authorization, you instruct your employer and the Credit Union to make and apply direct deposits in accordance with your authorization on file with the Credit Union. If the Credit Union is required to reimburse the U.S. Government for any benefit payment directly deposited into your account for any reason, you agree the Credit Union may deduct the amount returned from any of your accounts, unless prohibited by law.

  • Deposit Accounts As of the date hereof, no Pledgor has any Deposit Accounts other than Excluded Deposit Accounts and those accounts listed in Schedule 11 to the Perfection Certificate. The Administrative Agent has a security interest in each such Deposit Account (other than Excluded Deposit Accounts), which security interest, when required by Section 6.17 of the Credit Agreement, will be perfected by Control. No Pledgor shall hereafter establish and maintain any Deposit Account unless (1) it shall have given the Administrative Agent 10 days’ prior written notice of its intention to establish such new Deposit Account with a Bank and (2) such Bank and such Pledgor shall have duly executed and delivered to the Administrative Agent a Deposit Account Control Agreement with respect to such Deposit Account. The Administrative Agent agrees with each Pledgor that the Administrative Agent shall not give any instructions directing the disposition of funds from time to time credited to any Deposit Account or withhold any withdrawal rights from such Pledgor with respect to funds from time to time credited to any Deposit Account unless an Event of Default has occurred and is continuing, and notice shall have been given by the Administrative Agent to the Borrower of its intent to exercise such rights. Each Pledgor agrees that once the Administrative Agent sends an instruction or notice to a Bank exercising its Control over any Deposit Account (other than Excluded Deposit Accounts) (with a copy of such instruction or notice to the Borrower) such Pledgor shall not give any instructions or orders with respect to such Deposit Account including, without limitation, instructions for distribution or transfer of any funds in such Deposit Account. No Pledgor shall grant Control of any Deposit Account to any person other than the Administrative Agent and the Notes Collateral Agent.

  • Deposit Account Payments Subsection (b) is amended to read as follows: