Account Verification definition

Account Verification is the process of either (a) retrieving the specified customer account information from a single financial institution Data Source and presenting such account information to Bank of America for Bank of America’s use in verifying financial accounts or otherwise authenticating customers, or (b) providing a corresponding error code to Bank of America due to invalid credentials or account and routing numbers from customer for a single financial institution account. An Account Verification may be used only one (1) time, only at the specific time requested and solely for the single, specific purpose requested.
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Account Verification. We mean: 2.3.1 Procedure for vetting new vendors/payees; 2.3.2 Verification procedure for new beneficiaries loaded on the Account for Funds Transfers; 2.3.3 Verification process for the amendment of existing beneficiary Funds Transfers. 2.3.4 Your Business must be able to prove compliance to the procedures documented in the event of a claim.
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Account Verification. Whether or not a Default or Event of Default has occurred, any of Agent's officers, employees or agents shall have the right at any time, upon reasonable notice during business hours, in the name of Agent or a Borrower, to verify the validity, amount or any other matter relating to Accounts by mail, telephone or otherwise. Borrowers shall cooperate fully with Agent, its officers, employees or agents in such process.
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Examples of Account Verification in a sentence

  • All of your external accounts will be required to complete our Account Verification process.

  • Your use of the Account Verification Service is subject to the terms and conditions of this Account Verification User Agreement and Company’s User Agreement incorporated herein by reference.

  • You agree that the results of the Account Verification Service are for your use only in connection with the Online Account Opening Service, on Company’s Web site.

  • You understand and agree that the Account Verification Service is not endorsed or sponsored by any third party account providers accessible through the Account Verification Service.

  • Company and Yodlee may use, modify, display, distribute and create new material using such Content to provide the Account Verification Service to you.

  • You are licensing to Company and Yodlee any information, data, passwords, materials or other content (collectively, “Content”) you provide through or to the Account Verification Service.

  • By using the Account Verification Service, you authorize Company and its supplier Yodlee, Inc.

  • Payment for each subscription for Units shall be in the form of a check made payable to "Lease Equity Appreciation Fund II, L.P. Escrow Account." Verification of the Subscription Proceeds by the Escrow Agent will be available via direct, online access, telecopier, or other electronic media as soon as practicable after receipt.

  • Subscriber may request and use Account Verification only subject to the written authorization of the subject consumer.

  • Anda boleh meningkatkan Had Akaun anda kepada Ringgit Malaysia Dua Puluh Ribu (RM20,000.00) selepas anda berjaya melengkapkan proses Account Verification (eKYC) dan menggunakan sebarang produk financial services.


More Definitions of Account Verification

Account Verification. We mean: 2.3.1 Procedure for verifying the authenticity, trustworthiness and integrity of all payment instructions received to transfer Trust Account funds to a Payee; 2.3.2 Verification of requests to add and/or amend Payee payment details; 2.3.3 Verification of payment details using verification services offered by a Financial Institution and/or third party provider; Your Business must be able to prove compliance to the procedures documented in the event of a claim.
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Related to Account Verification

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Busy Line Verification (BLV means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Verification Report As defined in Section 4.19.

  • STATUS VERIFICATION SYSTEM This “Status Verification System” requirement, also referred to as “E-Verify”, only applies to contracts issued through a Request for Proposal process and to sole sources that are included within a Request for Proposal.

  • Independent Verification means that an evaluation is undertaken and reported by an individual or body whose organisation, systems and procedures conform to ISO Guide 65:1996 (EN 45011:1998) General requirements for bodies operating product certification systems (as amended form time to time) or equivalent, and who is accredited to audit against forest management standards by a body whose organisation, systems and procedures conform to ISO 17011: 2004 General Requirements for Providing Assessment and Accreditation of Conformity Assessment Bodies (as amended from time to time) or equivalent.

  • Verification system means the system maintained by the department under section 19-24.1-31 for verification of registry identification cards.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • CEC Certification and Verification means that the CEC has certified (or, with respect to periods before the Project has commenced commercial operation (as such term is defined by and according to the CEC), that the CEC has pre-certified) that the Project is an ERR for purposes of the California Renewables Portfolio Standard and that all Energy produced by the Project qualifies as generation from an ERR for purposes of the Project.

  • Verification means the process of comparing sets of data to establish the validity of a claimed identity (one-to-one check);

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • ACH means automated clearing house transfers.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Account Application or “Application” shall mean the application, as may be amended from time to time, by which this Agreement is established between the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian. The statements contained therein shall be incorporated into this Agreement.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Debit Card means a card issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Lockbox has the meaning set forth in Section 2.11.

  • Deposit-type contract means contracts that do not incorporate mortality or morbidity risks and as may be specified in the valuation manual.

  • State electronic verification system means the system described in Section 26-61a-103.

  • Centralized prescription processing means the processing by a pharmacy of a request from another pharmacy to fill or refill a prescription drug order or to perform processing functions such as dispensing, drug utilization review, claims adjudication, refill authorizations, and therapeutic interventions.

  • Data Processing Addendum means Sprinklr’s Data Processing Addendum, located at www.sprinklr.com/legal