Direct Deposits definition
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.
Direct Deposits are Automated Clearing House (“ACH”) funds transfers made using your Card Account and routing number.
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.
Examples of Direct Deposits in a sentence
Such transfers shall contain Direct Deposits effective for that Business Day only.
To cancel Direct Deposits to your Card, you must contact your employer or other authorized entity.
Direct Deposits – You may make arrangements for certain direct deposits to be accepted into Your Share Draft Account.
Funds from the following deposits are available on the first business day after the day of deposit: Wire Transfer (other than Electronic Direct Deposits).
The credits will be made in the Account the Depositor establishes in the authorization documents required to participate in Direct Deposits programs.
More Definitions of Direct Deposits
Direct Deposits. We may offer preauthorized deposits (e.g. payroll, Social Security, etc.
Direct Deposits means transactions initiated by an institution to process a deposit into a UBS Financial Services account.
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...
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;
Direct Deposits. If, in connection with a direct deposit plan, we deposit any amount in this account which should have been returned to the State or Federal Government for any reason, you authorize us to deduct the amount of our liability to the State or Federal Government from your 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.
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: ...
Direct Deposits shall have the meaning specified in Section 2.8.12.