Direct Deposits definition

Direct Deposits are Automated Clearing House (“ACH”) funds transfers made using your Card Account and routing number.
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Direct Deposits. If, in connection with a direct deposit plan, we deposit any amount in an account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government from the account or from any other account you have with us, without prior notice and at any time, except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability. TRANSACTIONS BY MAIL: You may deposit checks by mail. You should endorse the check being sent through the mail with the words "For Deposit Only" and should include your correct account number underneath to ensure the check is credited to the correct account. You should use the pre-encoded checking deposit slips we provide. If you do not use your deposit slip or provide us with instructions indicating how or where the check should be credited, we may apply it to any account or any loan balance you have with us or we may return the check to you. Receipts for such transactions will be mailed to you only if a self-addressed stamped envelope is provided.
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Direct Deposits. We may offer preauthorized deposits (e.g. payroll, Social Security, etc.
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Examples of Direct Deposits in a sentence

  • The Contractor must complete the Port Authority’s “Authorization Agreement For Direct Deposits And Direct Payments (ACH Credits)” form, which is available at http://www.panynj.gov/business- opportunities/pdf/ach-authorization-form.pdf, in order to receive payment.

  • Such transfers shall contain Direct Deposits effective for that Business Day only.

  • To avoid delays in payment, vendors, contractors, and consultants should enroll in ACH and complete the Port Authority’s “Authorization Agreement For Direct Deposits And Direct Payments (ACH Credits)” form, which is available at https://www.panynj.gov/business-opportunities/pdf/Vendor-ACH-auth-form.pdf.

  • To cancel Direct Deposits to your Card, you must contact your employer or other authorized entity.

  • Funds from the following deposits are available on the first business day after the day of deposit: Wire Transfer (other than Electronic Direct Deposits).

  • Direct Deposits – You may make arrangements for certain direct deposits to be accepted into Your Share Draft Account.

  • The credits will be made in the Account the Depositor establishes in the authorization documents required to participate in Direct Deposits programs.

  • Direct Deposits If, in connection with a direct deposit plan, we deposit or credit any amount in your account which should have been returned to the state or federal government or any other third party for any reason, you authorize us to deduct the amount from your account or from any other account you have with us without prior notice and at any time, except as prohibited by law.

  • The Contractor must complete the Port Authority’s “Authorization Agreement For Direct Deposits And Direct Payments (ACH Credits)” form, which is available at http://www.panynj.gov/business-opportunities/pdf/ach-authorization-form.pdf, in order to receive payment.

  • Examples of these transfers include, but are not limited to: Direct Deposits.


More Definitions of Direct Deposits

Direct Deposits means a file of payments such as payroll payments to employees which the Customer has transmitted to Telpay for processing to the designated bank accounts;
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Direct Deposits means transactions initiated by an institution to process a deposit into a UBS Financial Services account.
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Direct Deposits shall have the meaning specified in Section 2.8.12.
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Direct Deposits. We may offer direct deposit options allowing you to pre-authorize deposits (i.e., payroll checks, Social Security or retirement checks, or other government checks) or transfers from your Accounts with us. You must authorize any such deposits or transfers by a separate authorization form. If you wish to cancel the direct deposit or pre-authorized transfer option, you must notify us at least 30 days prior to the next scheduled date for any direct deposit or preauthorized transfer. If you fail to cancel any direct deposit authorization upon a filing of a bankruptcy, you agree that we may make and apply direct deposits in accordance with your authorization on file with us. If a direct deposit is received for an account that is closed, you will be charged a fee to reopen the account or to specially handle such deposit as set forth in the Rate Schedule. Endorsements: Each of you appoint the other Account Owner(s) your attorney-in-fact with power to deposit funds and for that purpose to endorse any Item payable to any Account owner. You authorize us to supply any endorsement for you on an Item tendered for your Account. You agree to indemnify us from any loss due to an endorsement or other writing being placed on an Item in an incorrect manner or place under the Federal Reserve's Regulation CC or other applicable laws before it is accepted for deposit by us. Deposits: All non-cash Items credited to an Account shall be credited conditionally subject to final payment, and such Items may be charged back from any Account in which you have an ownership interest or the right to withdraw funds, at any time, until the proceeds thereof in money (U.S. Dollars) are received by us. If any Item deposited in an Account is returned unpaid, each of you is jointly liable to the Credit Union for the amount of the returned item and any charges, regardless of who deposited the Item or benefited from the transaction. We shall not be obligated to notify you that a non-cash Item has been dishonored or not otherwise collected. We will not be responsible for recognizing any conditions of payment contained on an Item deposited to or drawn on an Account, including, but not limited to, restrictive endorsements or postdated Items. If you make a deposit or payment at an un-staffed depository, you agree that the correct amount in the event of discrepancy between a written receipt or deposit slip will be the amount that we find in the envelope used to make the transaction. Account Termination: ...
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Direct Deposits. If for any reason we deposit an amount into the account which should have been returned to the Federal Government for any reason, you authorize us to deduct the amount of our liability to the Federal Government without prior notice and at any time except as prohibited by law. We may also use any other legal remedy to recover the amount of our liability. Stop Payments: You must make a stop payment order as required by law. This must be completed in a reasonable time necessary for the bank to act. It is your respon- sibility to provide the precise number, date, amount and the payee of the check. Our stop payment cut-off time is one hour after the opening of the next banking day after the banking day on which we receive the item. Laws provide additional limitations as to the bank’s obligation to stop payments. A release of the stop payment request can only be completed by the person who initiated the stop order. Withdrawals: Any authorized signer on the account as shown on the account appli- cation and POA Authorization, will be allowed to sign checks for withdrawal, endorse checks payable to you for deposit into this account or perform debit card transactions. We may honor withdrawals that overdraw the account, but are not obligated to do so. We are not required to honor any restrictive covenants you add to your check. An example of a restrictive covenant would be “Must be Presented within 60 days”. We have the right to refuse payment for any withdrawal if by any method we do not specifically permit. Honoring a nonconforming request does not obligate us to repeat that service in the future. We may treat continued misuse of your account as your act of closing the account. On interest bearing accounts we reserve the right to require at least seven days written notice before any with- drawal or transfer. Statements: You must examine your checking account statement in a “reasonable time.” If you discover any unauthorized signatures or alterations, you must prompt- ly notify us with the relevant information. If you fail to do either of these duties, you will bear the entire loss. Your loss could include items on the statement, or other items with unauthorized signatures or alterations by the same wrongdoer which we pay after the reasonable time period expires and before we receive noti- fication from you. You agree that the time that you have to examine the statement and report to us should not under any circumstance be more than 14 days after receipt of statemen...
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Direct Deposits. We may offer direct deposit options allowing you to pre-authorize deposits (i.e., payroll checks, Social Security or retirement checks, or other government checks) or transfers from your Accounts with us. You must authorize any such deposits or transfers by a separate authorization form. If you wish to cancel the direct deposit or pre- authorized transfer option, you must notify the Credit Union at least 30 days prior to the next scheduled date for any direct deposit or pre-authorized transfer. If you fail to cancel any direct deposit authorization upon a filing of bankruptcy, you agree that we may make and apply direct deposits in accordance with your authorization on file with us. If, in connection with a direct deposit plan, we deposit any amount in your Account by mistake, you authorize us to deduct the amount from your Account without prior notice and at any time.
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Related to Direct Deposits

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • 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;

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

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

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Payments or Deposits means the cash, check, or credit card amounts actually paid for Your Trip. Certificates, vouchers, discounts, credits, frequent traveler or frequent flyer rewards, miles or points applied (in part or in full) towards the cost of Your Travel Arrangements are not Payments or Deposits as defined herein.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Direct Account : means any Account which is not an ISA Account.

  • 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.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Assumed Deposits means Deposits.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Excluded Deposits means (w) those deposit liabilities that are or would be considered “brokered deposits” for purposes of the rules and regulations of the FDIC, any of which, as of the date hereof, are listed on Exhibit 1.1(e)(i), (x) Escheat Deposits, (y) those deposit liabilities (i) related to a financial advisory relationship with Seller’s Xxxxxxx Xxxxx Wealth Management or US Trust divisions, (ii) related to a client managed relationship in Seller’s Business Banking, Middle Market, or Large Corporate divisions or any other non-retail division, (iii) linked to affinity relationships or programs set forth on Exhibit 1.1(e)(iii) (and such Exhibit 1.1(e)(iii) shall be updated by Seller as of 5:00 p.m., Eastern time, on the date that is five (5) Business Days prior to the Closing Date (and delivered to Purchaser on or before the date that is three (3) Business Days prior to the Closing Date), or (iv) that constitute security for loans that are not to be transferred to Purchaser under the terms of this Agreement, and (z) those deposit liabilities that have been opened by an employee (other than a Transferred Employee) or former employee of Bank of America Corporation.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • 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.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

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

  • 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.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Deposit Liabilities means all of Seller's duties, obligations and liabilities relating to the deposit accounts of the Branches as of the Effective Time (including accrued but unpaid or uncredited interest thereon).

  • 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.

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