NOW Accounts definition

NOW Accounts means those accounts from which withdrawals can be made by the use of negotiable orders of withdrawal, which term shall also include interest bearing negotiable order of withdrawal accounts.
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Examples of NOW Accounts in a sentence

  • Except where prohibited by applicable state law, we will consider an Account to be dormant if there has been no credit or debit activity initiated by you for a period of: (i) twelve (12) months for checking Accounts (including NOW Accounts), and (ii) thirty-six (36) months for savings and money market Accounts.

  • These types of Accounts covered include all business and personal checking and NOW Accounts.

  • Fiscal Agent shall make withdrawals of funds (and/or interest earned thereon) held in Master NOW Accounts at Participating Banks and shall transfer such withdrawn funds and/or interest via wire/ACH transfer instructions to Public Depositor or pursuant to Section 6(a) in accordance with written instructions delivered by Finistar to Fiscal Agent (“Withdrawal/Transfer Instructions”).

  • On or before the fifteenth Business Day of each calendar month, Finistar shall give Fiscal Agent Withdrawal/Transfer Instructions with regard to the Master NOW Accounts at the Participating Banks for purposes of this Section 6(a).

  • We are required by law to reserve the right to require at least seven (7) calendar days advance written notice prior to permitting any withdrawal or transfer from any savings account or money market account, or any interest- bearing checking account designated by us for consumer ownership (NOW Accounts).

  • Public Depositor authorizes Finistar, in its capacity as Agent, to disclose the Sub-Account Records, if reasonably necessary in connection with the deposit of funds in the Master NOW Accounts or the maintenance of FDIC insurance of any such funds.

  • First National Bank & Trust Company accounts that are accessible through Internet Banking include: Checking, Money Market Accounts, Savings Accounts, Business Checking, Certificate of Deposit, Business and Consumer Loans, IRA Accounts, Cradle to College, Checking NOW Accounts, Health Savings Accounts and Safe Box Accounts.

  • Each of the customer NOW Accounts will be linked to an MMDA in the name of the same customer, and the linked deposit accounts operated together as subaccounts that comprise a single Sweep Deposit Account made available to Broker’s eligible customers as a cash sweep option for holding available cash balances in the customer’s brokerage account.

  • Non-Interest Bearing deposits $ 236,063 10.00% $ 23,606 NOW Accounts 73,305 8.00% 5,864 Savings and Money Market Accounts 251,038 6.00% 15,062 Certificates of Deposit 68,506 0.00% 0 Total deposits $ 628,912 7.08% $ 44,533 Source: S&P Capital IQ Pro; Village-provided documents.

  • The Public Deposit Funds deposited into the Custodial Account and all such deposit funds deposited into Master NOW Accounts at Participating Banks are eligible for deposit into negotiable order of withdrawal accounts.

Related to NOW Accounts

  • Escrow Accounts means the ‘no-lien’ and ‘non-interest bearing’ account(s) opened with Escrow Collection Bank and in whose favour the Anchor Investors will transfer money through direct credit or NEFT or RTGS or NACH in respect of the Bid Amount when submitting a Bid;

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Collection Accounts As defined in Section 3.10(a).

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.