Paying Bank definition

Paying Bank means the account holding bank of the accounts, from which the funds are debited in the interbank fund transfers transaction;

Paying Bank refers to the financial institution on which a check is drawn and through which it is payable.

Paying Bank means the United States Financial Institution ordered in an Item to make payment to the payee(s) named on the Item.

Examples of Paying Bank in a sentence

• Even if we do not initially identify an Electronic Item as an Exception Item when we review and process the Electronic Item to which the Exception Item relates, the Electronic Item, substitute check, or the purported substitute check created by us from it may nevertheless be returned to us because, among other reasons, the Paying Bank determines that such item or check is illegible or missing an image.

• The Paying Bank shall notify Monte Titoli whether it will make the payments through a RTGS or DCA account.

• The adopted settlement system provides for compensation, within the same operation, of the debited / credited amounts referring to the same Paying Bank, that operates in the double roles of Paying Bank and Beneficiary Intermediary.

• Where funds are received through an ATM and/or POST from the Paying Bank for the Cardholder’s account, BEA will credit the funds to the Cardholder’s account in accordance with BEA’s practice from time to time.

• The Issuer communicates the above information to Monte Titoli by means of a message entitled “Debt Securities Paying Bank".

More Definitions of Paying Bank

Paying Bank means the United States financial institution ordered in an Item to make payment to the payee(s) named on the Item.

Paying Bank in respect of a CITS Item shall mean a CITS participant to whom an Article is drawn.

Paying Bank means a financial institution which credits the funds remitted to the payee account or pays the same to the payee.

Paying Bank means the entity engaged by the Issuer to make the payments ordered by Monte Titoli, handled as part of the Corporate Events Support Service;

Paying Bank means a bank by which a Check is payable, unless the Check is payable at or through another bank and is sent to the other bank for payment or collection; or a bank at or through which a Check is payable and to which the Check is sent for payment or collection.

Paying Bank means the Bank who is obliged to pay the beneficiary the amount/sum of monies instructed by one to another party.

Paying Bank means the bank or building society at which a Direct Debit Instruction is lodged for a payer and that raises messages to advise of amendments or cancellations in relation to the Direct Debit Instruction.