Debit Card Account definition

Debit Card Account means the Account designated for the settlement of Debit Transactions;
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Debit Card Account means the savings or current account maintained by the Bank which will be debited with the amount of all transactions of a Cardholder and all charges.
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Debit Card Account the deposit account maintained by the Borrower with CIBC, into which payments received in respect of Debit Card Receivables are deposited.
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Examples of Debit Card Account in a sentence

  • ADCB is authorised to debit Card Charges from your Debit Card Account and charge Card Charges to your Credit Card Account.

  • This may result in the prohibition, limitation or delay in the execution of instructions or transactions and even in the suspension of the Debit Card Account and the declining or terminating of any transaction or the business relationship with the Cardholder.

  • Visa® Debit Card Account Access: You may use your debit card and PIN to: • Withdraw cash from your checking or savings • Transfer funds from your checking and savings accounts • Inquire as to the balance in your checking and savings accounts • Pay for purchases at places that have agreed to accept the card You may also use your debit card for signature-based transactions that do not require a PIN but may require positive identification.

  • If you choose to close your Basic Current Account, this will automatically close your Top-up Debit Card Account as the two are linked.

  • The following electronic fund transfer services are available: Freedom Debit Card Account Access – You may use your Freedom Debit Card and PIN to: • Deposit or withdraw cash from your Savings and Checking Accounts.

  • Until such Transactions and any overdraft charges that may be imposed in the manner stipulated in Clauses 4.2 and 4.3 above are paid in full, you (and any other person, if any, in whose name the Debit Card Account and/or Credit Card Account is maintained) shall remain liable to us.

  • The provisions of this Agreement shall supplement and not replace the provisions of any agreement you may have us with respect to any Debit Card Account and/or Credit Card Account and/or the Electronic Services, any other agreement(s) between us and you or any of our rights arising under any such agreement(s).

  • We may debit the overdraft charge to your Debit Card Account monthly or at such other intervals as we may determine.

  • We may set a Spending Limit in relation to your Debit Card Account and Credit Card Account, which we may vary without notice.

  • Your obligations under this Agreement will continue and we shall remain entitled to debit your Debit Card Account and/or Credit Card Account or any other Account(s) you maintain with us for overdraft charges as well as Card Transactions that are carried out before or after the termination of your Card and/or Account.


More Definitions of Debit Card Account

Debit Card Account means a card account issued by a financial institution which allows the holder to transfer money electronically to another bank account when making a transaction. For the purposes of this bulletin, a debit card account includes the following:
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Debit Card Account means a card account issued by a financial institution which allows the holder to transfer money electronically to another bank account when making a transaction. It includes a single- use cash gift card (not related to the receipt of grant monies), which is a debit card account with a set dollar amount and may be accepted by any retailer, similar to a debit card and is void upon spending the balance or expiration. It also includes, a prepaid gift card (not related to the receipt of grant monies), which is a debit card account that is reloadable, unlike the cash gift card.
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Related to Debit Card Account

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Debit Card Transaction means an electronic payment using a Card for the purchase of goods or services (which can include payment for CashBack), by a Cardholder, to a Retailer displaying the Visa logo and/or who is in the Visa Scheme.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Credit Card Agreement means each form of credit card agreement between Seller and an Accountholder, including credit card agreements assigned to Seller pursuant to any purchase agreement, governing the use of an Account, together with any amendments, modifications, supplements, notices, disclosures, exhibits, annexes or attachments which now or hereafter may be made to or in connection with such Credit Card Agreement (and any replacement of such agreement).

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Credit/Debit Card means a thin plastic card that contains identification information, with the help of which the cardholder can pay for purchases and services, as well as withdraw cash from the account.

  • Collection Accounts As defined in Section 3.10(a).

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Credit Card Notification has the meaning assigned to such term in Section 5.11.

  • Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s or Guarantor’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.