Basic Bank Account definition

Basic Bank Account means a payment account with basic features as defined by Regulation 19(1) of PAR.
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Basic Bank Account means any Payment Account offered by the Bank pursuant to this Agreement which satisfies the requirements set out in the Agreement;
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Basic Bank Account means conventional current accounts that may have some restricted features.
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Examples of Basic Bank Account in a sentence

  • The Tenderer to quote prices indicating break-up of prices of the Machine and Site Modification Work of each Hospital/Institution/Medical College.

  • BBAN: Basic Bank Account Number: a domestic bank account number (the local sub-component of the IBAN).

  • While it is the case that all countries with legislative frameworks for a Basic Bank Account have high levels of bank account penetration, some of the countries without legislation or guidance charters in this respect do provide useful examples of successful private sector solutions.

  • On October 4, 2019, the Company announced the appointment of Apaton Finance GmbH as its financial public and investor relations consultant in Germany, effective October 5, 2019.

  • Limitation on Liability of Servicer and Others............................................36 Section 5.04.

  • In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the Borrowers on the date due as provided in Section 2.6(e), or of any reimbursement payment required to be refunded to the Borrowers for any reason.

  • Credit Inte rest RatesAERbalance variable Debit Inte rest RatesEARbalance variableCredit inte res t is not paid Debit inte res t 21.34%InterestCredit Interest is calculated daily on the cleared credit balance and is paid monthly if applicable (this is not paid on all accounts, eg, Basic Bank Account, Bank Account and HSBC Advance).

  • A Basic Bank Account Number (BBAN), consists of Bank Identifier, branch codes and Bank Account Number.The remaining part of the IBAN from the 5th - 29th position is known as BBAN.

  • Before examining the current state of financial exclusion across the EU, we briefly define for the purpose of this study the key terms financial exclusion and Basic Bank Account.

  • The first component is the country code and check digit, known as International Envelope .The second component is the Basic Bank Account Number (BBAN).


More Definitions of Basic Bank Account

Basic Bank Account means the account of Lianhe to be established after the Acquisition with a nationally recognized banking institution (including any renewal or re-designation thereof).
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Basic Bank Account means the account of * to be established after the * with a nationally recognized banking institution (including any renewal or re-designation thereof).
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Basic Bank Account. – means the MOP/HKD savings account or MOP/HKD current account that is opened in the Customer’s name and is nominated by the Customer at the time of applying for the E-Banking Service.
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Related to Basic Bank Account

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

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

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Designated Bank Account means the relevant bank account designated by each Holder;

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

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • 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.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

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

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • 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.

  • Administration Account As defined in Section 7.02.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Direct Account : means any Account which is not an ISA Account.

  • Collection Accounts As defined in Section 3.10(a).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.