Bank of First Deposit definition

Bank of First Deposit. In a Check 21 Transaction, the financial institution which receives the Entry from Profit Stars and transmits the Entry through the Federal Reserve Bank system for transmittal to the Customer’s financial Institution for debit or credit to the Customer’s account.
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Bank of First Deposit means the first Bank that receives funds from Utah MRB related transactions.
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Examples of Bank of First Deposit in a sentence

  • Reseller’s third party processing services partners, including without limitation Profit Stars, the Bank of First Deposit, and Provider Partner, are providing some of the Services specified in this Agreement, and as a result, each of these third party services partners shall be an intended third party beneficiary of this Agreement between Reseller and Merchant.

  • Section 3.1.1: Additional Bank of First Deposit (BOFD) RTN(s) List any additional BOFD RTN(s) that should be set up for the FedDetect Duplicate Treasury Check Notifier Service.

Related to Bank of First Deposit

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Minister of Finance means the Minister of Finance or such other person who may be designated from time to time under the Executive Council Act;

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • London Inter-Bank Offered Rate means, for any applicable interest period, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as selected by the Bank from time to time) at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period, for U.S. Dollar deposits (for delivery on the first day of such interest period) with a term equivalent to such interest period. If such rate is not available at such time for any reason, then the rate for that interest period will be determined by such alternate method as reasonably selected by the Bank. A “London Banking Day” is a day on which banks in London are open for business and dealing in offshore dollars.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • UK Non-Bank Lender means where a Lender becomes a Party after the day on which this Agreement is entered into, a Lender which gives a Tax Confirmation in the Assignment Agreement or Transfer Certificate which it executes on becoming a Party.

  • ABN means Australian Business Number.

  • HSBC means HSBC Auto Finance, Inc., HSBC Auto Credit Inc., HSBC Auto Accounts Inc. and certain affiliates of such entities.

  • Director of Finance means the Chief Financial Officer of the Trust.

  • JPMorgan Chase Bank JPMorgan Chase Bank, N.A.

  • Wachovia means Wachovia Bank, National Association, a national banking association, together with its successors and/or assigns.

  • CIBC means Canadian Imperial Bank of Commerce.

  • Computershare means Computershare Trust Company of Canada;

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Bank of America means Bank of America, N.A. and its successors.