Beneficiary Account means the bank account to which you are sending funds.
Examples of Beneficiary Account in a sentence
Beneficiary / Payee A natural or legal person who is the intended recipient of funds originating from a payment order; Beneficiary Account A payment account managed by a Payment Service Provider belonging to the Beneficiary/Payee.
The Account Holder can make Payment Orders for outward money transfers (SWIFT payments) from their Payment Account to any Beneficiary Account, except for Beneficiary Accounts in countries of low or non‐reputable jurisdictions or of persons or entities, which are not allowed by Finductive due to international sanctions or other reputational issue.
A minimum contribution is required to open/maintain the Individual Beneficiary Account (IBA).
More Definitions of Beneficiary Account
Beneficiary Account means the segregated account maintained by the Trustee for each Beneficiary that has deposited Trust Shares under this Agreement, as contemplated by Section 2.01(f);
Beneficiary Account means the account belonging to the Beneficiary, which you have instructed us to send money to.
Beneficiary Account means the bank account of the beneficiary where to which the money instructed for by SGM -FX’s Client will be sent to.
Beneficiary Account means any of the one or more bank accounts to which you are sending the proceeds of a transaction made using the Forex Services.
Beneficiary Account means the bank account of the Beneficiary where the funds subject to a Payment will be sent.
Beneficiary Account means a share or deposit account in a credit union where 1 or more persons are designated as owners and 1 or more other persons are designated as beneficiaries. A beneficiary account is not a trust or trustee for beneficiary account.