Electronic check definition

Electronic check means an elec- tronic image of a check drawn on the United States Treasury, together with information describing that check, that meets the technical requirements for sending electronic items to a Fed- eral Reserve Bank as set forth in the Federal Reserve Banks’ operating cir- culars.
Electronic check is a demand debit you authorize us to make from your Payment Account on your behalf based on your Payment Instructions.
Electronic check refers to the definition provided in Regulation CCAvailability of Funds and Collection of Checks: electronic image of, and electronic information derived from, a paper check or paper returned check, respectively, that— (1) Is sent to a receiving bank pursuant to an agreement between the sender and the receiving bank; and (2) Conforms with ANS X9.100- 187, unless the Board by rule or order determines that a different standard applies or the parties otherwise agree.

Examples of Electronic check in a sentence

  • You may authorize a merchant or other payee to make a one-time Electronic Check Transaction from your checking account using information from your check to (1) pay for purchases or (2) pay bills.

  • You may make Electronic Check Transactions only to the extent that you have available funds in your checking account.

  • Prior to activation of Demonstrator’s Web Site, Demonstrator shall have executed and delivered to the Company a Direct Deposit, Electronic Check and/or Credit Card Authorisation Agreement.

  • Electronic Check Transactions may be made from your checking account only.

  • All transactions affected by use of ATMs, POS terminals, Electronic Check Transactions, Digital Banking, or other electronic transaction contemplated hereunder which would otherwise require your actual signature, or other authorization, will be valid and effective as if actually signed by you when accomplished by use of an Electronic Check Transaction, the Card(s) and/or PIN(s), or as otherwise authorized under this Agreement.


More Definitions of Electronic check

Electronic check. (E-Check) means an ACH debit transaction.
Electronic check means the electronic image of, and electronic information derived from, a paper check. After we receive your transmission, we will review each Electronic Check. For each Electronic Check that we determine is eligible for processing as described below, we will:
Electronic check means a digitized image of an Item cleared and settled directly with a Payor Financial Institution without conversion to a Substitute Check.
Electronic check means the electronic image of the front and back of each Paper Check, and is deemed to be an “item” for purposes of the Uniform Commercial Code.
Electronic check refers to the definition provided in Regulation CCAvailability of Funds and Collection of Checks: electronic image of, and electronic information derived from, a paper check or paper returned check, respectively, that— (1) is sent to a receiving bank pursuant to an agreement between the sender and the receiving bank; and (2) conforms with ANS X9.100-187, unless the Board by rule or order determines that a different standard applies or the parties otherwise agree. SYSTEM REQUIREMENTS. Online Services provides you with the convenience and flexibility to perform certain banking transactions and functions for designated Account(s) through internet access on your personal computer or via a wireless handheld device. You must meet the following minimum software and hardware requirements for each device you use to access Online Services: In order to use Online Banking, you must have the following: personal computer (PC) with a secure Web Xxxxxx with 128 bit encryption and Java Script enabled and Internet access through an Internet Service Provider (ISP). We support most current commercially accepted browsers. Bank may periodically upgrade service provided. Should any of these upgrades impair your ability to use Online Banking, you have the option to withdrawal from Online Banking.. If you decide not to maintain such hardware and software, you may cancel Online Services at any time.
Electronic check refers to the definition provided in Regulation CCAvailability of Funds and Collection of Checks: electronic image of, and electronic information derived from, a paper check or paper returned check, respectively, that— (1) is sent to a receiving bank pursuant to an agreement between the sender and the receiving bank; and (2) conforms with ANS X9.100-187, unless the Board by rule or order determines that a different standard applies or the parties otherwise agree. SYSTEM REQUIREMENTS. Online Services provides you with the convenience and flexibility to perform certain banking transactions and functions for designated Account(s) through internet access on your personal computer or via a wireless handheld device. You must meet the following minimum software and hardware requirements for each device you use to access Online Services: HARDWARE, SOFTWARE AND OPERATING SYSTEM: You are responsible for installation, maintenance, and operation of your computer, browser and software. Centric Bank is not responsible for errors or failures from any malfunction of your computer, browser or software. Centric Bank is also not responsible for computer viruses or related problems associated with use of an online system. The following are the minimum hardware, software and operating system requirements necessary to use Centric Bank Online Banking and receive Electronic Communications:  A personal computer or other device capable of accessing the internet  A web browser which supports 128-bit SSL encrypted communications  Software that permits you to receive and access Portable Document Format (PDF) files, such as Adobe Acrobat Reader version 6.0 or higher.  A computer, operating system and internet access capable of receiving, accessing, displaying and either printing or electronically storing Communications provided by Centric Bank. If you decide not to maintain such hardware and software, you may cancel Online Services at any time.
Electronic check means anelectronic image of a check drawn on the United States Treasury, together with information describing that check, that meets the technical requirements for sending electronic items to a Federal Reserve Bank as set forth in the Federal Reserve Banks’ operating circulars.