Deposit service definition

Deposit service means the Bank’s opening of a deposit account for a client (hereafter – “depositor”) on the basis of the application of the depositor and under the respective deposit agreement, commensurate with the procedures and regulations established by Georgian legislation and the Bank, and accrual of the interest rate on the funds deposited at the account.

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Deposit service means a custodial scheme operated by a third party as authorised by the Government (details available on request).

Deposit service means a service provided in connection with the use of an account (e.g., checks, deposits, ACH, wires).

Examples of Deposit service in a sentence

• Once you have used the Mobile Deposit service to deposit a check, you agree not to present, or allow anyone else to present, that original check or a substitute check of that original check again for deposit through the Mobile Deposit service or by any other means with the Bank or any other financial institution.

• We may, upon prior notice to you and to the extent required by applicable law, charge a fee for use of the Mobile Deposit service.

• Either party may terminate this Agreement and the Mobile Deposit service without prior notice.

• If you continue to use the Mobile Deposit service after the fee becomes effective, you agree to pay the service fee that has been disclosed to you, and as may be amended from time to time.

• If we approve the Remote Deposit service for you, you must use your PIN with your Login to access your accounts.

• The Bank may, upon at least 30 days prior notice to you, to the extent required by applicable law, charge a fee for use of the Mobile Deposit service.

• Further, you will be required to designate an account at the Bank from which fees for the Mobile Deposit service will be debited (your "Billing Account").

• If we approve the Mobile Deposit service for you, you must use your Password with your Login to access your accounts.

• You understand and agree that you are required to indemnify us and hold us harmless against any and all claims, actions, damages, liabilities, costs, and expenses, including reasonable attorneys’ fees and expenses arising from your use of the Mobile Deposit service and/or breach of this Agreement.

• You agree that you will only use Mobile Deposit to deposit checks (as that term is defined in Federal Reserve Regulation CC (“Reg CC”) and only those checks that are permissible under this Agreement or such other items as the Bank, in its sole discretion, elects to include under Mobile Deposit service.

More Definitions of Deposit service

Deposit service the deposit service transaction contemplated under the Renewal Financial Services Master Agreement (including the Deposit Cap);