Funds Balance definition

Funds Balance means an amount equal to the United States Dollar amount you add to your Card initially and from time to time thereafter, minus any amount obtained by you through the use of your Card, and minus any fees, charges, conversion fees and other expenses incurred in connection with your Card. Our business days are Monday through Friday, excluding federal holidays, even if we are open. Any references to “days” found in this Agreement are calendar days unless indicated otherwise. Write down your Card number and the customer service number (0-000-000-0000) provided in this Agreement on a separate piece of paper in case your Card is lost, stolen, or destroyed. Keep the paper in a safe place. Please read this Agreement carefully and keep it for future reference.
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Funds Balance means the amount in the funding account including deposits and prizes (after required withholdings are successfully completed) but not bonuses.
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Funds Balance means an amount equal to the United States Dollar amounts You add to Your Card initially and from time to time thereafter, minus any amounts obtained by You through the use of Your Card, and minus any fees, charges, conversion fees and other expenses incurred in connection with Your Card. “SCU”, “We” and “Us” means Services Credit Union, the financial institution issuing Your Card. “PIN” means the personal identification number which You choose for Your Card. “You” and/or “Your” means the individual to whom the Card is issued. Using the Card. You must sign the back of Your Card and activate Your Card before use at xxx.XXXXXXX.xxx or by calling 0-000-000-0000 and following the instructions. Your initial access code is the last 4 digits of Your telephone number. You may add funds in a minimum amount of $100 but the Funds Balance may not to exceed $5,000 at any time. There is a 3 to 5 day hold on funds transferred from Your account to Your Card. You may use the Card to withdraw funds, receive cash advances, make PIN-based transactions, and/or merchant purchases. At the time of each purchase, You may be asked to sign a receipt or enter your PIN for the transaction. The dollar amount of the purchase will be deducted from Your Funds Balance. If You plan to make a purchase for an amount which exceeds the Funds Balance, You must inform the merchant before making the purchase; the merchant will require payment for the excess. For merchant PIN transactions, You may make twenty-five (25) transactions per day with a $1,500 daily maximum or Your Funds Balance, whichever is less. For merchant signature purchases, You may make 25 transactions per day with a daily maximum of $5,000 or Your Funds Balance, whichever is less. If You improperly receive value greater than the Funds Balance, You will be liable for the amount by which Your transaction exceeds the Funds Balance. SCU is not responsible for a merchant’s refusal to accept Your Card. You may request 2 cash advances per day, with a maximum $1,000 daily limit. Your Card may not be refunded or exchanged for cash or credit. If You give Your Card to another person or allow another person to access Your Funds Balance, You will be deemed to authorize all transactions until You give SCU notice that further transactions are not authorized. ATM Transactions. You may use Your Card to make ATM withdrawals. You will need to enter Your PIN and follow the ATM instructions. You may make up to three 3 ATM withdrawals per day, with a ...
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Examples of Funds Balance in a sentence

  • If you give your Card to another person or allow another to access your Funds Balance, you will be deemed to authorize all transactions until you give us notice that further transactions are not authorized.

  • The dollar amount of the purchase will be deducted from your Funds Balance.

  • For merchant signature purchases, you may make 25 transactions daily with a $5,000 daily maximum or your Funds Balance, whichever is less.

  • For merchant PIN transactions, you may make 25 transactions daily, with a $1,500 daily maximum or your Funds Balance, whichever is less.


More Definitions of Funds Balance

Funds Balance means an amount equal to the balance on Your Card, minus any amount obtained by You through the use of Your Card, and minus any fees, charges, conversion fees and other expenses incurred. “SCU”, “we” and “us” means Services Credit Union, the financial institution issuing Your Card and ICUL Service Corporation, to which SCU assigns its rights for servicing. “PIN” means the personal identification number which You choose for Your Card. “You” and/or “Your” means the adult who establishes and maintains the debit card account to which this Agreement relates and purchases, loads and reloads funds on the Card (“Account Owner”) and authorized users who are at least 13 years old to whom Cards are issued (“Cardholders”). The Account Owner acknowledges and agrees that the subject debit card account is not linked to a deposit account, savings deposit or other asset account at SCU.
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Related to Funds Balance

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Pool Balance means, as of any date, the aggregate Principal Balance of the Receivables (exclusive of all Administrative Receivables for which the Servicer has paid the Administrative Purchase Payment, Warranty Receivables for which the Seller has paid the Warranty Purchase Payment and Defaulted Receivables) as of the close of business on such date.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Scheduled Balance Not applicable.

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Available Balance means, in relation to any Account, the aggregate of:

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to: