Debit Transaction definition

Debit Transaction means any payment made or any amount charged for any goods, services and/or other benefits by, through or from the use of the Card in signature or by use of the PIN or in any other manner, regardless whether a sales draft or other voucher or form is signed by you and whether authorisation has been sought from us;
Debit Transaction means a Transaction where payment is made by debiting funds in an account which is authorised for access by the Cardholder’s Nominated Card.
Debit Transaction means any transaction that results in your account being debited of E- Money;

Examples of Debit Transaction in a sentence

  • Customer agrees to maintain sufficient available balances in Customer Authorized Account(s) to cover each ACH Debit Transaction authorized under this Master Agreement.

  • If Customer elects the ACH Debit Block Service, Customer authorizes and instructs Bank to charge Customer’s debited Account(s) for each ACH Debit Transaction received by Bank that was originated within the Operating Instructions established by Customer within Digital Banking to identify ACH Transactions that will not be considered Exception Items (as defined below).


More Definitions of Debit Transaction

Debit Transaction means a transaction effected under the Visa / MasterCard name / MyDebit, mark and logo through the use of the Card with PIN or Contactless or accompanied by the Cardmember’s signature
Debit Transaction means a transaction effected under MyDebit, mark and logo
Debit Transaction means a debit transaction on an Account conducted by any means of Account access, including cheques, and all withdrawals of funds, bill payments, debit card purchases, transfers of funds, and pre- authorized bill payments or debits.
Debit Transaction means a transaction effected under the Visa / Mastercard name /
Debit Transaction means any payment made out of Your Account or authorised as mentioned in Clauses 5.4, 5.5, 5.6. 5.7, 5.8 or
Debit Transaction means any authorised payment made out of your account by you
Debit Transaction means any transaction which results in a Debit of E-Money from your Account as verified by M-PESA system;