Credit Transfers definition

Credit Transfers means the Payment Service for crediting a Payee’s Payment Account with a Payment Transaction or a series of Payment Transactions from a Payer’s Payment Account by the Payment Service Provider which holds the Payer’s Payment Account, based on an instruction given by the Payer. «Cut-off time» means the point in time during the term of any Business Day beyond which any payment order for a Payment Transaction received in relation to the Account shall be deemed to have been received on the following Business Day.
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Examples of Credit Transfers in a sentence

  • Please note that whilst most banks in the EEA are able to accept SEPA Credit Transfers, some do not.

  • This means you cannot use this type of account to make, for example, Faster Payments, CHAPS transfers or overseas payments such as SEPA Credit Transfers.

  • Sofort – a Payment Initiation Service Provider whose service may allow you to authorise SEPA Credit Transfers and/or bank transfers to the Monese App from bank accounts in various countries.

  • There are two types of transfers: SEPA Credit Transfers (SCT) or foreign transfers.

  • The foreign Outgoing Credit Transfers to be executed within the EEA countries in any currency of the EEA countries must be submitted with the SHA payment instruction; or OUR payment instruction.

  • Sending SEPA Credit Transfers by Your payment will arrive by the electronic 2.30pm on a working day end of the next working day.

  • The USFWS will notify each Bank Sponsor of any new database requirements, and will instruct them on how to implement it for Credit Transfers and tracking purposes.

  • The Program will have available for Transfer the number of available Advance Credits for the Program, plus any released Credits generated by ILF Projects beyond those required to fulfill Advanced Credit Transfers.

  • Subject to all terms and conditions of this Agreement and in particular to the terms of SEPA Instant Credit Transfer Rulebook, you may order SEPA Instant Credit Transfers via your myPOS Account.

  • You must attach verified copies of documents to support a credit transfer or RPL application) (No Fee applies for Credit Transfers.

Related to Credit Transfers

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Credit transaction means any transaction by the terms of which the repayment of money loaned or loan commitment made, or payment for goods, services, or properties sold or leased, is to be made at a future date or dates.

  • Permitted Transfers has the meaning set forth in Section 4.2.17(d).

  • Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement.

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.