Partner Bank definition
Examples of Partner Bank in a sentence
This means that if the interest rate paid by the Partner Bank for the deposit facility is higher than the interest rate agreed with the Customer, the additional amount will be due and owing to Raisin Bank, rather than the Customer.
The Customer agrees that Raisin Bank is authorised to collect interest payments from the Partner Bank on his/her deposits.
The Customer funds are deposited with the Partner Bank when Raisin Bank makes a deposit in its own name, at the conditions specified in the Deposit Offer, and discloses the Customer as the beneficial owner of the deposit to the Partner Bank.
As the Deposit Order contains an agreement to deviate from the German agency rules outlined above, Raisin Bank will not be obliged to pass on all interest payments from the Partner Bank to the Customer.
Its service is limited to placing deposits at the Partner Bank in accordance with this Agreement.