Funds Transfer Instruction definition

Funds Transfer Instruction means the instruction given by you via any Mode to debit funds from either your checking, saving accounts or Card Account maintained with us and to credit into a Funds Account through the Inter-bank GIRO System.
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Funds Transfer Instruction means the instruction given by me via any Mode to debit funds from either my checking or saving accounts maintained with you and to credit into a Funds Account through the Inter-bank GIRO System.
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Funds Transfer Instruction means an instruction to us to perform a Funds Transfer.
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Examples of Funds Transfer Instruction in a sentence

  • The ASSURED will record all Voice Initiated Funds Transfer Instruction.

  • Proof of loss involving Voice Initiated Funds Transfer Instruction shall include electronic recordings of such instructions.

  • An authorized User may give a Funds Transfer Instruction by telephone, and we will telephone an authorized Approver for purposes of approving such requests.

  • Beneficiary Account is the account maintained with the Receiving Institution that is identified by the Sender as the account to be credited with the amount specified in the Interbank Funds Transfer Instruction (as defined below).

  • You will be bound by the resulting Funds Transfer, whether or not you actually authorized such Funds Transfer Instruction.

  • You agree that the purpose of the security procedures in subsections (a) and (b) is only to verify that a Funds Transfer Instruction is authentic and authorized by you, and not to detect errors in Funds Transfer Instructions.

  • You acknowledge that we offer other methods of transferring funds and making payments with different security procedures, and you agree that these security procedures are commercially reasonable in view of the size, type, and frequency of Funds Transfers you make, and we may act upon any Funds Transfer Instruction that complies with these security procedures.

  • You must designate the User or Users authorized to originate the Funds Transfer Instruction, the maximum amount they may transfer, and the User or Users authorized to approve the Funds Transfer (“Approvers”) if any.

  • The User originating the Funds Transfer Instruction and the Approver must provide confidential Codes and a Password to log into the Site, and the Funds Transfer Instruction will be encrypted during transmission and must otherwise conform to any content specifications we may establish.

  • Voice Initiated Funds Transfer Instruction$ 1,350,000$ 10,00010 .


More Definitions of Funds Transfer Instruction

Funds Transfer Instruction means an Instruction by the Customer, instructing and authorizing the Bank to provide one or more types of the Funds Transfer Service. "Salary Amount" means each individual amount that the Customer requests for each transfer from a Customer's Account to a Receiving Account as a salary, which shall not be more than an amount as may be determined from time to time by the Bank or the Customer.
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Funds Transfer Instruction means an Instruction by the Customer, instructing and authorizing the Bank to provide one or more types of the Funds Transfer Service. "IFT Service" has the meaning given to it under clause 5.
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Related to Funds Transfer Instruction

  • Voice Initiated Funds Transfer Instruction means any Voice Initiated Redemption or Voice Initiated Election.For the purposes of these definitions, the singular includes the plural and the plural includes the singular, unless otherwise indicated. General Exclusions - Applicable to All Insuring Clauses2. This bond does not directly or indirectly cover:a. loss not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;b. loss due to riot or civil commotion outside the United States of America and Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;c. loss resulting from the effects of nuclear fission or fusion or radioactivity;d. loss of potential income including, but not limited to, interest and dividends not realized by the ASSURED or by any customer of the ASSURED;e. damages of any type for which the ASSURED is legally liable, except compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;f. costs, fees and expenses incurred by the ASSURED in establishing the existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;g. loss resulting from indirect or consequential loss of any nature; General Exclusions - Applicable to All Insuring Clauses(continued)h. loss resulting from dishonest acts by any member of the Board of Directors or Board of Trustees of the ASSURED who is not an Employee, acting alone or in collusion with others;

  • Transfer Instruction is a specific information provided for a transfer to be made that you provide to the Account to Account Transfer Service for a transfer of funds.

  • Transfer Instructions are the information that you provide when using the Service. “Us,” “We,” and “Our” means Credit Union.

  • 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.

  • Proper Instruction means a writing signed or initialed by one or more person or persons as the Board shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be deemed to be Proper Instructions if (a) FAS reasonably believes them to have been given by a person previously authorized in Proper Instructions to give such instructions with respect to the transaction involved, and (b) the Investment Company, or the Fund, and FAS promptly cause such oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the Investment Company, or the Fund, and FAS are satisfied that such procedures afford adequate safeguards for the Fund's assets. Proper Instructions may only be amended in writing.

  • Funds-transfer system means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.

  • RBC instructions means the RBC report, including risk-based capital instructions adopted by the NAIC, as the RBC instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC.

  • Proper Instructions means Written Instructions.

  • Authorized Instructions shall have the meaning set forth in Section 1.5.

  • Transfer Agent Instruction Letter means the letter from the Company to the Transfer Agent which instructs the Transfer Agent to issue Underlying Shares pursuant to the Transaction Documents, in the form of Exhibit B attached hereto.

  • Wire Instructions To: _____________________________________

  • Dispatch Instruction has the meaning set forth in the CAISO Tariff.

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

  • Delivery Instructions means the instructions set out in the Contract for the provision of the Goods and Services, including any other information the Authority considers appropriate to the provision of the Goods and Services.

  • Disbursement Instruction Agreement means an agreement substantially in the form of Exhibit M to be executed and delivered by the Borrower pursuant to pursuant to Section 6.1(a)(xi), as the same may be amended, restated or modified from time to time with the prior written approval of the Administrative Agent.

  • Service Instructions means such instructions given to the Bank via any Telephone Banking Service;

  • Instruction Letter means written instructions in a form acceptable to NCPS and executed by Issuer Party with Issuer Party directing NCPS to promptly disburse the Escrow Funds to Issuer pursuant to Section 4(a).

  • Payment Instructions has the meaning set forth in Section 5.2(a) of the Loan Agreement.

  • Funds-transfer business day of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders.

  • Administrative Instructions means the Administrative Instructions under the Treaty;

  • Direct instruction means any instruction given by the person required to provide the notification or any person controlled by that person within the meaning of Article L. 233-3 of the Commercial Code, stipulating how the management company or the investment service provider should exercise the voting rights under given circumstances;

  • Irrevocable Transfer Agent Instructions means, with respect to the Company, the Irrevocable Transfer Agent Instructions, in the form of Exhibit E, executed by the Company and delivered to and acknowledged in writing by the Transfer Agent.

  • Type II transfer means that phrase as defined by Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Special Instruction Form means a standardized form prescribed by the Management Company to be duly filled by the investor to change his/her particulars and will be stated in this Offering Document.

  • Indirect instruction means any general or specific instruction given in any form by the person required to provide the notification or any person controlled by that person within the meaning of Article L. 233-3 of the Commercial Code that limits the discretion of the management company or the investment service provider in the exercise of the voting rights in order to serve the commercial interests of the person required to provide the notification or the controlled person.