Authorized account definition

Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.
Authorized account means a deposit account of a cus- tomer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a cus- tomer does not so designate an account, any account of the cus- tomer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.
Authorized account means the account(s) of Company, maintained at Bank, to which the positive pay services rendered by Bank will apply.

Examples of Authorized account in a sentence

  • Authorized account holder is the natural person who is assigned to an email address by an Internet access provider, online service provider, or other organization responsible for assigning email addresses for the domain associated with the submitted email address.

  • Authorized account - An authorized account is a deposit account you have with us that you have designated as a source of payment of payment orders you issue to us.


More Definitions of Authorized account

Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any
Authorized account means a deposit account of a customer in a
Authorized account means the Account(s) of Company identified in writing, to which the Positive Pay Services rendered by Bank will apply.
Authorized account means the Canadian financial institution account from which you will authorize FundScrip to debit payments hereunder;
Authorized account means a deposit account of a 1691
Authorized account means the Canadian financial institution account from which you will authorize FundScrip to debit
Authorized account or “Designated Account” or “Account” means a demand deposit account or other deposit account or loan account you have with us that we permit to be linked to a Service.