Deposit Card definition

Deposit Card means a Mastercard Business Debit Card which is enabled in such a way that it can only be used to make cash deposits to Your Account;
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Deposit Card means a Mastercard Business Debit Card which is enabled in such a way that
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Deposit Card means a SAN UK card issued to the Customer for use when making deposits into the Account through a Nominated Office.
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Examples of Deposit Card in a sentence

  • When the signer performs any additional linking, beyond the primary Business checking account, the employee will automatically gain the additional ability to transfer funds between any and all accounts their card is linked to, as well as deposit to and, subject to the limits you set, withdraw funds from these additional accounts The Business Employee Deposit Card may be issued only to an employee of the business, but not a signer already on the account.

  • Contrary to what is said above, the accountholder of a Nordea Business Deposit Card may and must state the Deposit Card’s PIN to the person who makes a cash deposit at the deposit ATM in accordance with the ATM's instructions.

  • Deposit Card will be issued against each deposit, made in this scheme, to the first/sole account holder and all benefits associated with the deposit card will be available to first/sole holder only.

  • Each payment through the Deposit Card would be considered as fresh loan against FD and interest will be calculated accordingly for the amount which has been withdrawn• Each Loan-Against-FD will be created for the residual maturity of the underlying FD.

  • FDs linked to Deposit Card can be renewed after getting request from customer adjusting loan amount and interest which was already availed.• Customers can repay the loan plus interest due thereon, either in part or in full, anytime during the tenure of the FD.

  • The individual limit of each FD (75% of Principal Amount) will be clubbed and the consolidated limit will be provided in the Deposit Card.

  • The limit available on the Deposit Card will be adjusted accordingly after each payment.

  • In the event of the interest tax rate being revised, the same will be borne by the depositor.• The customer has the option to link multiple FDs to the Deposit Card.

  • The Deposit Card will be activated after 3 months from FD creation date• An in-principle sanction of Loan against FD, limited to 75% of FD amount, will be granted to the customer at the time of making deposit and that limit will be loaded in the Deposit Card.• Each time a customer uses the Deposit Card to make a payment to designated hospital/Diagnostic centre etc,Loan-Against-FD equivalent to the amount debited, will be created and the limit on the Deposit Card will reduce to that extent.

  • The limit available on the Deposit Card will be adjusted accordingly after each payment• In case the loan is not repaid till maturity of FD, all amounts due either by the way of interest or principal and any other charges will be recovered from the amount of the FD payable on maturity.

Related to Deposit Card

  • Debit Card means a 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.

  • 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.

  • Card means any card or other account access device we issue for the purpose of accessing your account.

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

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

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

  • 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 Loan Party’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • Smart Card means a Debit Card that has an embedded integrated circuit that can process data and protect the cardholder from fraudulent use.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • 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.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

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

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

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Cardholder means a person authorized to use a Card.

  • Primary Cardholder means the person who applied for a Card, whose name is on the Account and who a Card is issued to. Purchase means any Transaction other than a Cash Advance.

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

  • Principal Cardholder means a Cardholder who has been issued with a Principal Card;

  • Fund Custody Account means any of the accounts in the name of the Trust, which is provided for in Section 3.2 below.

  • Lockbox has the meaning set forth in Section 2.11.

  • Merchant means any corporate entity, person or other establishment, supplying goods and/or services, which a Card Scheme Member Bank has approved and made arrangements to accept the Card or the Card numbers as a mode of payment or reservation by the Cardholder.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.