Business Day Cutoff definition

Business Day Cutoff refers to the cutoff time for posting purposes. The cutoff time for online transactions is based upon our Business Days and the Central Standard Time Zone. For posting purposes, we will process all transactions completed by 7:00 pm Central Standard Time on the same Business Day. Transactions completed after 7:00 pm Central Standard Time will be processed on the following Business Day. Xxxx Payment cutoff and scheduling times may differ and are further detailed in the Terms and Conditions of the Xxxx Payment Service.
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Business Day Cutoff means 8:00 P.M. Central Time on any Business Day.
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Business Day Cutoff means the cut-off time for posting, processing, or availability purposes, which Bank has established based on its Business Days in the Central Time Zone (“CT”) for the United States. General Business Day Cutoffs are available at xxxxx://xxxxxxxxxxx.xxx/business/treasury- management/service-cutoff-times. However, Bank reserves the right to change Business Day Cutoffs from time to time.
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Examples of Business Day Cutoff in a sentence

  • A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day.

  • Business Day Cutoff - Refers to the cut-off time for posting purposes.

  • Business Day Cutoff - refers to the cut-off time for posting purposes.

  • An internal (Relyance Bank account to Relyance Bank account) transfer request must be made before the Business Day Cut-off time (6pm Central Time) to be effective the same Business Day.

  • Business Day Cutoff – refers to the cut-off time for posting purposes.

  • Any transfer requests to your internal Hometown Bank accounts must be made before the Business Day Cut-off time, which is 6:00 p.m. ET, to be effective the same Business Day.

  • A transfer request must be made prior to the Business Day Cut-off to be effective on the same Business Day.

  • Business Day Cut-off -MSDFCU head office is located in Chalfont, PA, and we base our business day on the Eastern Time zone for posting purposes.

  • You will have the ability to cancel your transfer request before the daily Business Day Cutoff Time through the Online Activity Center.

  • A transfer request must be made before the Business Day Cutoff time to be effective the same Business Day.

Related to Business Day Cutoff

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • PRC Business Day means a day (other than a Saturday, Sunday or public holiday) on which commercial banks are generally open for business in Beijing;

  • Applicable Business Day Convention means the “Business Day Convention” which may be specified in the Final Terms as applicable to any date in respect of the Instruments. Where the Final Terms specifies “No Adjustment” in relation to any date, such date shall not be adjusted in accordance with any Business Day Convention. Where the Final Terms fails either to specify an applicable Business Day Convention or “No Adjustment” for the purposes of an Interest Payment Date or an Interest Period End Date, then in the case of Instruments which bear interest at a fixed rate, “No Adjustment” shall be deemed to have been so specified and in the case of Instruments which bear interest at a floating rate, the Modified Following Business Day Convention shall be deemed to have been so specified. Different Business Day Conventions may apply, or be specified in relation to, the Interest Payment Dates, Interest Period End Dates and any other date or dates in respect of any Instruments.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and New York City;

  • Business Day Convention means the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day.

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • FX Business Day is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency.

  • Determination Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong, London and New York City;

  • RMB Rate Calculation Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong and in New York City.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • CSD Business Day means a day on which the Book-Entry Securities System is open in accordance with the regulations of the CSD.

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

  • Rebalance Business Day means any day which is a, Exchange Business Day and also a day on which commercial banks and foreign exchange markets settle payment in the country in which the relevant Reference Asset is admitted to trading or any other day designated as a Rebalance Business Day by the Issuer.

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • SOFR Business Day means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • RFR Business Day means as applicable, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to (i) Sterling, a day on which banks are open for general business in London and (ii) Euro, a TARGET Day.

  • Euro Business Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or any successor system, is open for business.

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Bank Business Day means a day on which the Bank conducts business activities as per its effective opening hours, so when the Bank is open for the purpose of executing payment transactions.