Funds transfer definition
Funds transfer means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order.
Funds transfer or “Transfer” means a transfer of funds, initiated through Online Banking Service, from one eligible account to another.
Funds transfer means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order.
Examples of Funds transfer in a sentence
Funds transfer - A funds transfer is the transaction or series of transactions that begin with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order.
More Definitions of Funds transfer
Funds transfer means any transaction carried out on behalf of an originator through a financial institution by electronic means with a view to making an amount of money available to a beneficiary person at another financial institution (the originator and beneficiary may be the same person);
Funds transfer means the series of transactions, begin- ning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order. “Funds transfer” includes any payment order issued by the originator’s bank or an intermediary bank intended to carry out the originator’s payment order. A funds transfer is completed by acceptance by the benefi- ciary’s bank of a payment order for the benefit of the beneficiary of the originator’s payment order.
Funds transfer means a transfer of funds to or from your Service Account. The term also includes a transfer of funds from your Service Account to a Deposit Only Account, as the case may be.
Funds transfer means the movement of funds from the Customer’s Account using Instructions or any Banking Services to other Account(s) or to a third party account within UAE or outside UAE.
Funds transfer. Means the allocation of funds from one accessible Account to another accessible Account.
Funds transfer means a transfer of funds, including one initiated through an electronic terminal, telephone, computer, or magnetic tape for the purpose of ordering, instructing or authorizing a “financial institution” to debit or credit an “insured’s” “account”. “Funds transfer” includes, but is not limited to, point-of-sale transfers, automated teller machine transfers, direct deposits or withdrawals of funds, transfers initiated by telephone, and transfers resulting from debit or credit card transactions, whether or not initiated through an electronic terminal.
Funds transfer means an electronic transfer of funds from Customer’s Account.