Direct deposit system definition

Direct deposit system means a method of electronically transferring a payroll [warrant] for an eligible employee whereby the employee agrees to an electronic transfer of any payroll [warrant] to a financial institution [74:292.11(1)].
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Direct deposit system means means a method of
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Direct deposit system means a method of electronically transferring a payroll claim for an employee to a financial institution;
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More Definitions of Direct deposit system

Direct deposit system means means a method of electronically transferring a payroll claim for an eligible employee whereby the employee agrees to an electronic transfer of any payroll claim to a financial institution;
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Direct deposit system means means a method of electronically transferring a payroll claim for an eligible employee
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Related to Direct deposit system

  • Direct Deposit means an order for electronic transfer of a refund into a taxpayer’s financial institution account.

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

  • Direct Load Control means load reduction that is controlled directly by the Curtailment Service Provider’s market operations center or its agent, in response to PJM instructions.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;