Direct Credit definition

Direct Credit means the facility by which you may elect to pay superannuation contributions on behalf of your employees by electronic transfer from your financial institution account to the PayClear Bank Account.

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Direct Credit means a payment instruction initiated by an originator for onward credit to a receiver for a payroll credit, dividend payment, wire transfer or any other such instrument that allows a person to arrange a credit transaction in favour of another;

Direct Credit means a direct deposit of money by a payer into a payee's account. This includes NPP Payments into a payee’s account.

Examples of Direct Credit in a sentence

• You acknowledge that the early termination fee is reasonable and proportionate to You terminating the Direct Credit Services before the end of the Term.

• The SLA is based on Us making all reasonable efforts to keep the Direct Credit System up and running efficiently and cost-effectively and We can guarantee 99.5% availability excluding planned maintenance.

• These Product Specific Terms apply to the Access PaySuite Direct Credit Service.

• You may terminate the Direct Credit Services at any time before the end of the Term subject to the payment of an early termination fee, such fee to be equal to the previous three months invoiced by Us prior to termination of the Direct Credit Services.

• Failure to submit a Declared Value for a Deposit Bag shall forfeit any claim (for Direct Credit or otherwise) by Customer.

More Definitions of Direct Credit

Direct Credit. – means the transfer of funds initiated by you from an account with an Australian financial institution to the Facility.

Direct Credit means the service offered by Bacs that allows originators to pay money directly into a destination account

Direct Credit means automated credit transfer via BACS.

Direct Credit means the arrangement by which Moneytech pays amounts due under clause 8.3 directly into your Direct Credit Account;

Direct Credit means credit received by Customer, in the form of a check, from the Product Manufacturer or the Manufacturer’s Processor in lieu of credit issued to the Customer’s wholesaler account.

Direct Credit means an electronic payment instruction initiated by you which instructs us to transfer money from your account(s) to the account of a third party;

Direct Credit means a payment instruction initiated by an originator for onward credit to a receiver, for a payroll credit, payment, or any transaction approved by the ECACH that allows a person to arrange a credit transaction in favour of another.