Credit-to-Account Method definition
Credit-to-Account Method means the method wherein the receiver receives payment by having the relevant amount credited to the Receiver’s Bank Account designated by the customer.
Credit-to-Account Method means the method where the Bank transmits to the Alliance Partner payment instructions so as to entrust the Alliance Partner to credit the amount of the Transfer Funds (in the Payout Currency) to the Receiver’s Bank Account that has already been registered. In such case, payment shall be made to the receiver by crediting the relevant amount to the Receiver’s Bank Account designated by the customer. However, the Bank shall designate the number of days required to complete the process of crediting the relevant amount to the Receiver’s Bank Account.
Credit-to-Account Method means the method where the Bank transmits to the Alliance Partner payment instructions so as to entrust the Alliance Partner to credit the amount of the Transfer Funds in the Payout Currency to the Receiver’s Bank Account to be registered in advance. In this case, the payment shall be made by crediting the relevant amount to the Receiver’s Bank Account designated by the customer. The process of crediting the relevant amount to the Receiver’s Bank Account will take such number of days as designated by the Bank to complete such process.