Payment Order definition

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

Payment Order means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;

Payment Order means any instruction by a payer or payee to his payment service provider requesting the execution of a payment transaction;

Examples of Payment Order in a sentence

• Payment Order of Items - All deposits and credits to your account for the business day will be posted to your account in timestamp order before any checks or other Debits.

• If We have not received Your Payment Order by then it shall be deemed to have been received on the next Business Day.

• The Fee for a Notice of Postdating is the same as the fee for a Stop Payment Order; please refer to our Fee Schedule for the amount of the fee.

• We shall have no liability to you for the payment of an identified transfer contrary to a Stop Payment Order if the information provided, such as the dollar amount or account number, is not accurate.

• We will ensure that a Payment Transaction is credited to the Payee’s account promptly following completion of all internal compliance checks that are required in respect of each Payment Order received (taking into account the currency of the Payment Order and the time of its receipt).

More Definitions of Payment Order

Payment Order means an instruction, issued by the Customer to the Bank, requesting the execution of a payment transaction.

Payment Order means an instruction validly made by you to us requesting the execution of a payment transaction.

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary, provided that (1) the instruction does not state a condition to payment to the beneficiary other than time of payment; (2) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from the sender; and (3) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

Payment Order means a credit transfer order, a liquidity transfer order or a direct debit instruction,

Payment Order means a credit transfer order, a liquidity transfer order, a direct debit instruction, a PM to T2S DCA liquidity transfer order or a PM to TIPS DCA liquidity transfer order,

Payment Order means an instruction of a sender to a receiving bank, transmitted oral- ly, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or deter- minable amount of money to a beneficiary if:

Payment Order means an instruction of a sender to a