A transaction account definition

A transaction account means a current account or a giro account regulated by the Payment System Act, and it can be a single-currency or a multi-currency account.
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Examples of A transaction account in a sentence

  • A transaction account is an account other than a de- posit account or a credit card account.

  • A transaction account is an account other than a deposit account or a credit card account.

  • You can also use it to transfer money to pay other parties or accept transfers of money from other parties.1.2 A transaction account may not be suitable for you if you want an account to grow your savings.

  • A transaction account does not include an account to which third parties can- not initiate charges.Subpart C—Exceptions§ 313.13 Exception to opt out require- ments for service providers and joint marketing.(a) General rule.

  • They also need to know how they may withdraw consent later if they so decide.

  • A transaction account is an account other than a share or credit card account.

  • A transaction account does not include an account to which third parties cannot initiate charges.Subpart C—Exceptions§ 40.13 Exception to opt out requirements for service providers and joint marketing.(a) General rule.

  • A transaction account does not include an account to which third parties cannot initiate charges.Subpart C—Exceptions§ 216.13 Exception to opt out requirements for service providers and joint marketing.(a) General rule.

  • A transaction account does not include an account to which third parties cannot initiate charges.Subpart C—Exceptions§ 332.13 Exception to opt out requirements for service providers and joint marketing.(a) General rule.

  • A transaction account, for purposes of this paragraph (d), is any account de- scribed in section 19(b)(1)(C) of the Fed- eral Reserve Act, 12 U.S.C. 461(b)(1)(C), and its implementing regulations (12 CFR part 204).

Related to A transaction account

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

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;