Funds Transfer PAD definition

Funds Transfer PAD means, where the Payor and the Payee are the same individual, a PAD drawn on the account of a Payor for the purpose of transferring funds from his or her account at one Eligible Financial Institution to his or her account at another Eligible Financial Institution, including, but not limited to, registered savings plans, mutual funds, segregated funds, annuities, deposit accounts, cash accounts, and investment accounts.
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Funds Transfer PAD means a PAD where the Payor and Payee are the same person and is for the purpose of transferring deposit funds from one FI to another FI.
Sample 1
Funds Transfer PAD means, where the Payor and the Payee are the same individual, a PAD drawn on the account of a Payor for the purpose of transferring funds from his or her account at one Eligible Financial Institution to his or her account at another Eligible Financial Institution, including, but not limited to, registered savings plans, mutual funds, segregated funds, annuities, deposit accounts, cash accounts, and investment accounts. “Instrument” means a cheque, promissory note, xxxx of exchange, order for payment, securities, cash, coupon, note, clearing item, credit card slip for processing, other negotiable instrument, or item of deposit or withdrawal of a similar nature and its electronic equivalent, including electronic debit instructions.
Sample 1

Examples of Funds Transfer PAD in a sentence

  • Except for cheques and Business PADs returned by Royal Bank pursuant to this Service, no other Instrument or other debit drawn on an Account, including any Cash Management PAD or Funds Transfer PAD, will be returned by Royal Bank as part of this Service.

  • Monies transferred between Payments Canada members will be considered a Funds Transfer PAD where the Payee and Payor are the same.My financial institution is authorized to treat each debit as if I/we had issued a cheque authorizing such payment and debit.

  • SBIC will process a Funds Transfer PAD only at the request of, and in accordance with the instructions received from the Customer, and in accordance with the Rules of Payments Canada (the “Rules”) and this PAD Agreement for Funds Transfer.

  • Monies transferred between CPA members will be considered a Funds Transfer PAD where the Payee and the Payor are the same.

  • Monies transferred between CPA members will be considered a Funds Transfer PAD • you have certain recourse rights if any debit does not comply with this agreement.

  • It is the Customer’s responsibility to provide SBIC with the correct information necessary to complete a Funds Transfer PAD, including without limitation the amount of each PAD, the date of such PAD, the account and financial institution to and from which such funds shall be transferred, in order for SBIC to process the Customer’s Funds Transfer PAD.

  • Must attach Funds Transfer PAD Agreement To: Global Growth Assets Inc.

  • If you are a corporation or other entity, amounts debited to pay any amount owing to us under this Agreement shall be processed as Business PADs. In most other cases, funds will be transferred from the Bank Account held by you directly to the TD Mutual Fund Account that is the subject of this Agreement, in which case, the debit will be processed as a Funds Transfer PAD.

  • If you are a corporation or other entity, amounts debited to pay any amount owing to us under this Agreement shall be processed as Business PADs. In most other cases, funds will be transferred from the Bank Account held by you directly to the TD Mutual Funds Account that is the subject of this Agreement, in which case, the debit will be processed as a Funds Transfer PAD.

  • UV/Vis spectra were recorded using a Shimadzu 3600 UV/Vis/NIR spectrometer (Glasgow), a Varian Cary 6000i spectrometer (Barcelona), or a Cary 5000 UV/Vis/NIR spectrometer (Bochum).

Related to Funds Transfer PAD

  • 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 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.

  • 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.

  • 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.

  • 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;

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • ACH Transfer ACH Transfer: Credit and Collections: Credit and Collections:

  • ACH means automated clearing house transfers.

  • Transfer Period means a period of 10 Working Days before a Customer’s order can be activated;

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

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Reais Transfer Date means each Business Day of each calendar month following a Business Day when, as of the Balance Transfer Time for the Bond Administrator, there are available funds in the Collections Account for allocation in accordance with the Indenture.

  • Transfer Point means any point at which the passenger transfers between aircraft.

  • Award Transfer Program means any program instituted by the Committee which would permit Participants the opportunity to transfer any outstanding Awards to a financial institution or other person or entity approved by the Committee.

  • Wire Instructions To: _____________________________________

  • Transfer Payment Received As defined in Section 4.03.

  • Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States of America to such account or accounts as shall have been designated by notice to the paying party.

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • 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.

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

  • Administrative Instructions means the Administrative Instructions under the Treaty;

  • EFT means electronic funds transfer.