Eligible Transaction Account definition

Eligible Transaction Account is a transaction account from which your transfers will be debited, your Account to Account Transfer Service fees, if any, will be automatically debited, or to which transfers and credits to you will be credited, that is eligible for the Account to Account Transfer Service. An Eligible Transaction Account shall be limited to a checking, money market or savings account that you hold with us.

Eligible Transaction Account is as defined in Section 36 of the General Terms, except that it shall be limited to a checking, money market or savings account that you hold with us.

Eligible Transaction Account is a transaction account (checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information) from which your payments as a Sender will be debited, any Popmoney Service fees will be automatically debited, or to which payments and credits to you will be credited. “Payment Instruction” is the information provided by the Sender to the Popmoney Service for a payment to be made to a Receiver (such as, but not limited to, name, mobile telephone number, email address, and bank account and routing number information).

Examples of Eligible Transaction Account in a sentence

• Our ability to stop a Payment Instruction or recover funds associated with an unauthorized Payment Instruction will depend on the manner in which the Payment Instruction was initiated, and whether the Payment Instruction to the Receiver’s Eligible Transaction Account has begun processing.

• We or our Service Provider also reserve the right to select the method in which to remit funds on your behalf through the Service, and in the event that your Eligible Transaction Account is closed or otherwise unavailable to us, the method to return funds to you.

• For example, if the selected method of payment is a draft check drawn on your account, the draft check arrives earlier than the Scheduled Payment Date due to expedited delivery by the postal service, and the Xxxxxx immediately deposits the draft check, your Eligible Transaction Account may be debited earlier than the Scheduled Payment Date.

• You agree to pay such charges and authorize us to deduct the calculated amount from your designated Eligible Transaction Account for these amounts and any additional charges that may be incurred by you.

• If another person wants to initiate a Payment Instruction (including in response to a Zelle® Payment Request, if applicable) using the Zelle® Payment Service to an Eligible Transaction Account you hold or, as applicable, if you as a Requestor want to initiate a Zelle® Payment Request, he, she or you can do that from the Site or from an Eligible Transaction Account at a financial institution that participates in the Zelle® Payment Service or at a Zelle® Standalone Location.

More Definitions of Eligible Transaction Account

Eligible Transaction Account means Your AAFCU checking account

Eligible Transaction Account is a consumer checking account that is eligible for the Services from which a User’s payments will be debited or to which payments and credits to a User will be credited; “your” Eligible Transaction Account means the Eligible Transaction Account that you enrolled for the Services.

Eligible Transaction Account is as defined in Section 2.a. above (Key Definitions), except that it shall be limited to an account that you hold with us, and from which bill payments will be debited.

Eligible Transaction Account is a transaction account “Account”. Depending on the Service, an Eligible Transaction Account may include a checking, money market, or other direct deposit account, credit card account, or debit card account, including any required routing information.

Eligible Transaction Account means any ANZ Access Advantage account, ANZ One account, ANZ Equity Manager account or any other account which ANZ, in its discretion, determines to be an Eligible Transaction Account.

Eligible Transaction Account is a transaction account (checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information) from which your payments as a Sender will be debited, your Popmoney Service fees will be automatically debited, or to which payments and credits to you will be credited.

Eligible Transaction Account is a transaction account from which your payments will be debited, your Zelle® and Other Payment Services fees will be automatically debited, or to which payments and credits to you will be credited. An Eligible Transaction Account may include a checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information.