PC account definition

PC account means the account maintained with us in respect of the PC facility and where the context requires, shall be deemed to include a Joint PC account and “Joint PC account” means a PC account jointly maintained in 2 names and a “joint customer” means a person in whose name a Joint PC account is maintained;
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PC account means the bank account of PC established as described in Sections 4.8 and 4.9.
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Examples of PC account in a sentence

  • We are entitled to debit your PC account with the amount previously credited in relation thereto if any cheques or drafts are subsequently dishonoured.

  • You may upon our prior written approval (which may be granted subject to such terms and conditions as we may impose) convert, in accordance with our prescribed procedure then prevailing, your PC account to a Joint PC account, or convert your Joint PC account to a PC account.

  • Thereafter we are not liable to you howsoever with respect to your PC account.

  • For this purpose, we may (but shall not be obliged to), at any time and from time to time, transfer any credit balances or part thereof in your PC interest account to your PC account to meet withdrawals and debits.

  • If you do not accept such changes, you may, within 10 days after we have given such notice of change, terminate your PC account in accordance with Clause 13(a).

  • We may, in our reasonable discretion, destroy any document relating to any transaction on your PC account or your PC account after microfilming or otherwise recording the same in such manner as we may deem fit as well as to destroy such microfilm and records(including any electronic records) at any time.

  • Notwithstanding the foregoing, we shall be entitled at all times to correct any errors or omissions in such PC statements and to debit or credit your PC account (as the case may be).

  • You shall not authorize, expressly or impliedly, any third party to operate your PC account (by power of attorney or otherwise) save with our prior written consent and unless we receive your written instructions in accordance with our prescribed procedure for establishing such third party authorization.

  • In addition thereto, we may at our reasonable discretion debit from your PC account a service charge or administration fee and any expenses we may have incurred in handling the dishonoured cheque or draft, including without limitation informing you of the dishonoured cheque or draft and reflecting the adjustments to your PC account in your PC statement.

  • You acknowledge that your CRC Card, Citibank ATM/Debit Card and your TBS Access Code may operate any other account(s) you may have with us other than your PC account.

Related to PC account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Sub-Account means any of the individual sub-accounts of a Participant's Account that is maintained as provided in Article VIII.