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.

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.

External Account means checking and savings accounts held by institutions other than us and registered for External Transfers. The account holder of the External Account must be the same individual or business entity as the account holder of the deposit or prepaid account, or line of credit, mortgage, installment loan or auto account who is authorized to access the Online Service;

Examples of External Account in a sentence

• 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.

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

• We, in our sole discretion, may refuse to process your request to link an External Account or may require you to send us a void cheque to complete your request.

• A new External Linked Account will be activated upon verification that you have authorized access to the External Account.

• You are solely responsible for ensuring that linking any External Account is permitted by the financial institution at which you hold the account.

More Definitions of External Account

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

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 a personal deposit account that you hold with another Canadian financial institution;

External Account means a transactional checking or savings account that, ordinarily, you maintain with a third-party U.S. FI (or sometimes with us) and designate to associate with one or more of your Eligible Accounts, electronically via ACH, subject to Transaction Limitations (see Agreement, at Section 1.C.);

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

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 the Canadian Payments Association, being an account in the Depositor's name or on which the Depositor has the authority to independently authorize Transactions.

External Account is the eligible checking, money market or savings account held at a third‐ party financial institution.