Fund Transfer Transaction definition

Fund Transfer Transaction means instructions or transactions made through the Electronics Services system to authorize the Bank to debitany sum from the Applicant’s Account and transfer such sum to any accounts.
Fund Transfer Transaction means instructions or transactions made through the Electronics Services system to authorize the Bank to debit any sum from theApplicant’s Account and transfer such sum to any accounts.

Examples of Fund Transfer Transaction in a sentence

  • In this regard, the Applicant may make the Fund Transfer Transaction without limitation of times (except for excess of maximum amount limit), except for Outward Remittance which the Applicant has to fill in Application and submit all relating documents to the Bank via channels prescribed by the Bank for obtaining the Bank’s approval and the amount limit approved by the Bank.

  • The Bank notified the Applicant of any temporary interruption of the fund transfer and/or payment and/or provision of services before or during the Fund Transfer Transaction, the Bill Payment Transaction and/or the use of services.

  • In case of the occurrence of the Fund Transfer Transaction or the Bill Payment Transaction through the Bank’s Electronic Services system is fraudulent and without the Applicant’s fault.

  • In case of the Real-Time transaction, the Bank will proceed each fund transfer transaction pursuant to the details of such Fund Transfer Transaction only when the Bank is able to immediately debit the sum equal to the amount of such transaction together with the applicable fees or service charges payable to the Bank from the Applicant’s Account specified in Fund Transfer Transaction.

  • In case of the pre-set transaction, the Bank will proceed each fund transfer transaction pursuant to the details of such Fund Transfer Transaction, on the date specified by the Applicant to be the transaction date pursuant to Fund Transfer Transaction, only when the Bank is able to immediately debit the sum equal to the amount of such separately transaction together with the applicable fees or service charges payable to the Bank from the Applicant’s Account specified in Fund Transfer Transaction.

  • Our Liability for Failure to Complete an Electronic Fund Transfer Transaction.

  • In case of the pre-set transaction, the Bank will proceed each fund transfer transaction pursuant to the details of such Fund Transfer Transaction, on the date specified by the Applicant to be the transaction date pursuant to Fund Transfer Transaction, only when the Bank is able to immediately debit the sum equal to the amount of such separately transaction together with the applicable fees or service charges payable to the Bank from the Applicant’s account specified in Fund Transfer Transaction.

  • In case of the Real-Time transaction, the Bank will proceed each fund transfer transaction pursuant to the details of such Fund Transfer Transaction only when the Bank is able to immediately debit the sum equal to the amount of such transaction together with the applicable fees or service charges payable to the Bank from the Applicant’s account specified in Fund Transfer Transaction.

  • Durability ensures that once a transaction completes, i.e successfully commits, the changes it has made to the database persist, even if there are system failures Example of Fund Transfer Transaction to transfer $50 from account A to account B:1.

  • The Applicant may use the Electronic Services for 24 hours a day and may make the Fund Transfer Transaction and/or the Bill Payment Transaction pursuant to the amount limit and the conditions prescribed by the Bank as follows: Maximum amount limit for making transactions aforementioned is subject to change upon the Bank’s announcement and the Applicant may request for change of such maximum amount limit pursuant to the criteria, means, and conditions prescribed by the Bank.

Related to Fund Transfer Transaction

  • IDR Transfer Agreement means an agreement to transfer, subject to the terms of Tariff, Part VI, section 237, Incremental Deliverability Rights to a party for the purpose of eliminating or reducing the need for Local or Network Upgrades that would otherwise have been the responsibility of the party receiving such rights. Immediate-need Reliability Project: “Immediate-need Reliability Project” shall have the same meaning provided in the Operating Agreement.