Destination Account definition

Destination Account means the bank account with the BSB and account number into which the Payment, the subject of the Adviser Initiated Payment, is tobe transferred.
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Destination Account means, in respect of any Funds Transfer, the account that is to be credited with the funds to be transferred.
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Destination Account means a bank account in the name of a Beneficiary held with a Destination Bank.
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Examples of Destination Account in a sentence

  • The Permitted Destination Account institutions and currencies are those specified as available on the Website from time to time.

  • Secured Party may at any time instruct Bank to discontinue transferring funds to the original Destination Account and begin transferring funds to a new Destination Account, in accordance with the notice provisions of this Agreement.

  • Section 2 - Destination Account Details Product type (select one): Share classAnnual advisory fee/Account service fee/Front-end load %Range of available portfolio/subaccount investment expenses %Annuity DetailsSurrender charge$ or %Surrender period remainingYears MonthsMortality and expense charge %Interest rate (fixed annuity Current % or fixed subaccount) Guaranteed %Retail Brokerage Accounts Details - List the investments to be purchased.

  • Availability Funds Transfers may be made only if the funds are transferred from your Linked Account held with the Bank to a Permitted Destination Account in a Permitted Currency.

  • Destination Account means, in respect of any Funds Transfer, the Account that is to be credited with the funds to be transferred.

  • If your instruction specifies the Destination Account name in Chinese characters or in both English and Chinese Pinyin or Chinese characters, your Funds Transfer may not be processed.

  • Availability Direct Credits and Fast Payments may be made only if the funds are transferred from your Linked Account held with the Bank to a Permitted Destination Account in a Permitted Currency.

  • The User would ensure the accuracy of the input data with reference to the information received from Destination Account Holders.

  • Notwithstanding any provision of this Agreement that may provide for any other remedy, Coastal shall have no right to use or to apply any funds in a Sweep Destination Account to set off any obligation that Aspiration may have to Coastal, in the Event of Default or otherwise.

  • Aspiration shall sweep cash balances from the Sweep Destination Account to the Sweep Operating Account, if necessary, only to cover end of day settlement obligations resulting from Aspiration’s Customer’s activity.


More Definitions of Destination Account

Destination Account. An Account to which a transfer is made.
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Destination Account means, in respect of an Account Transfer, the Account to which the Positions, and any associated Collateral, are to be transferred; "Direct Gross Omnibus Segregated Client Account" means an Omnibus Segregated Client Account having the features described in Rule 4.2.3(b); "Direct Individual Segregated Client Account" means an Individual Segregated Client Account that records the Contracts and their associated Collateral and Positions Registered by a Member in respect of a single Client of the Member; "Direct Net Omnibus Segregated Client Account" means an Omnibus Segregated Client Account having the features described in Rule 4.2.3(a); "Discharged Rights and Obligations" has the meaning set out in Default Procedure D2.11; "Disciplinary Committee" has the meaning set out in Membership Procedure A 2.1; "Discounted Contingent Variation Margin" (or "DCVM") has the meaning set out in Clearing Procedure C4.2(b); "DSS" means the Detailed Service Specification document published by LME Clear on the Website, as such document may be updated by LME Clear from time to time; "Eligible Cash" means cash in an Eligible Currency and which complies with any criteria specified in the Rules including the Clearing Procedures; "Eligible Collateral" means assets in the form of Eligible Cash, Eligible Securities, LME Warrant Collateral and Eligible Gold, and such other assets with such eligibility criteria as LME Clear may from time to time specify, and which comply with any criteria specified in the Rules including the Clearing Procedures; "Eligible Compressible Contracts" means Contracts in those Eligible Products that are identified in Annex 1 (Eligible Products) as "Eligible Compressible Contracts"; "Eligible Currency" means:
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Destination Account shall have the meaning set forth in Section 11.2(a) hereof.
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Destination Account means segregated non-interest bearing bank accounts outside Singapore in which NIUM hold the Liquidity on behalf of the Client and in accordance with the express instructions of Customer and the Law;
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Destination Account means the bank account, or bank accounts, which the parties agree in a Transaction is the bank account(s) to which the Customer Currency is to be sent by eFX.
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Related to Destination Account

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Administration Account As defined in Section 7.02.

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

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

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • 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.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

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

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Principal Collection Account means a segregated, non-interest bearing securities account (within the meaning of Section 8-501 of the UCC) number 172148-202, which is created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties, which is established and maintained pursuant to Section 8.1(a).