Business checking account definition

Business checking account means any account utilized by an intermediary for insurance−related transactions.

Business checking account means any account utilized by a navigator, navigator entity, nonnavigator assister or nonnavi- gator assister entity in their capacity as a navigator, nonnavigator assister or related entity and in transacting of the business of insur- ance.

Business checking account means any account utilized by an intermediary for insurance- related transactions.

Examples of Business checking account in a sentence

• Unless you have a separate overdraft line of credit with us, you may not under any circumstances overdraw the Account or any other Business checking account you may have with us.

• When the signer performs any additional linking, beyond the primary Business checking account, the employee will automatically gain the additional ability to transfer funds between any and all accounts their card is linked to, as well as deposit to and, subject to the limits you set, withdraw funds from these additional accounts The Business Employee Deposit Card may be issued only to an employee of the business, but not a signer already on the account.

• You may not under any circumstances overdraw the Account or any other Business checking account you may have with us.

• Your control account or funding account, to be debited for disbursing these payments must be a Southern First Bank Business checking account.

• We will transfer funds to your Business checking account in the order you have directed.

• POS transactions will be deducted from your Business checking account.

• Funds to cover your card purchases will be deducted from your Business checking account.

• Funds to cover you Card purchases will be deducted from your Business checking account.

• If we have approved an overdraft protection plan for you, we will honor drafts drawn on insufficient funds in your Business checking account by initiating a transfer of the necessary funds from another account of yours to your Business checking account.

• You must be a Navy Federal member, have an open Business checking account, and be at least 18 years of age or an emancipated minor to obtain a BDC.

More Definitions of Business checking account

Business checking account means any account utilized by a navigator, navigator entity, nonnavigator assister or nonnavigator assister entity for insurance-related transactions.