External Account definition

External Account is your account at another financial institution (i) to which you are transferring funds from your Eligible Transaction Account; or (ii) from which you are transferring funds to your Eligible Transaction Account.

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External Account means an account held at: another Canadian financial institution; a registrant of the Investment Industry Regulatory Organization of Canada or the Mutual Fund Dealers Association of Canada; a card issuer; or an entity eligible for membership with the Canadian Payments Association; in each case, being an account in your name or on which you have the authority to independently authorize Transactions.

External Account means an Account held at another Canadian financial institution; an Investment Industry Regulatory Organization of Canada registrant; a card issuer; or an entity eligible for membership with Payments Canada, being an account in Your name or on which You have the authority to independently authorize Transactions.

Examples of External Account in a sentence

• You understand that Navy Federal does not manage or control the Income Data from your External Accounts, and, accordingly, you must reach out to the provider of your External Account directly to correct any errors or inaccuracies regarding your Income Data.

• We will not be liable for losses or damages arising from: (i) inaccurate content in an External Account; or (ii) your use or reliance on the contents of any External Account information for any purposes.

• Section 18 of the General Terms (Failed Or Returned Payment Instructions) applies if you do not pay our fees and charges for the Service, including without limitation if we debit the External Account for such fees, as described in this Section, and there are insufficient fees in the External Account; Section 18 of the General Terms should be interpreted as applying to the External Account, not just the Eligible Transaction Account, in such circumstances.

• We reserve the right to terminate any request from you, for any External Account, at any time.

• In using the Service, you understand transfers may be returned or fail for various reasons such as, but not limited to, the External Account number is not valid.

More Definitions of External Account

External Account means an account that you hold with an External Account Provider;

External Account means an eligible checking, money market or savings account maintained by you with an External Account Institution to which you may transfer funds from an Eligible Account, and from which you may transfer funds to an Eligible Account, in connection with the External Transfer Service.

External Account means an account held with another financial institution in Canada; “Family member” refers to their spouse or common-law partner; their child; their mother or father; the mother or father of their spouse’s or common law partner; and a child of their mother or father (sibling);

External Account means an account that you hold with another Canadian financial institution and which you have asked us to link to your Account.

External Account means the account held at another financial institution to which you authorise us to arrange for funds to be credited.

External Account is a transactional (i.e. checking or savings) account that, ordinarily, you maintain with a third-party U.S. FI (or sometimes with us) and designate to associate and link with one or more of your Eligible Accounts, electronically via ACH, subject to transactions limitations (see A2A Addendum to this Agreement; see also, Section I. C, above, A2A External Funds Transfer Service).

External Account. – means an account held in your name at another Canadian financial institution as indicated on page 1 of this Authorization.