Process Date definition

Process Date means the calendar day the ASRS generates contribution withdrawal documents to be sent to a member.

Process Date means, for the purposes of external transfers, the date that we originate transfer payments on your account. This is typically 1-2 business days prior to you receiving a credit or debit on your account at another financial institution.

Process Date means the calendar day the ASRS gener- ates contribution withdrawal documents to be sent to a member.

Examples of Process Date in a sentence

• If the Transfer Process Date for an automatic transfer falls on a weekend or holiday, the transfer may be sent the following business day.

• For example, if there are not sufficient funds in your Account on the Process Date or if other payments we have been asked to make on your behalf (such as checks you write or debit card transactions you make) would reduce the Available Balance below the amount required to make the payment, we will not make the payment.

• If we remit your payment to a Payee by mailing your Payee a check drawn on an account we maintain for that purpose and the check has not been presented to us for payment within 90 days after the Process Date, we will place a stop payment order on the check and deposit the amount of the payment into your account.

• Based upon your selected frequency settings for the payment, a Process Date is calculated for the next occurrence of the payment.

• To initiate a transfer, you must specify the account to be debited, the account to be credited, the transfer amount, and the Transfer Process Date.

More Definitions of Process Date

Process Date is the date that the payment is initiated. For electronic payments, it is the date that the funds are verified and debited from the Pay From Account. For check payments, it is the date the check is mailed to the Payee.

Process Date is the date your Default Pay From Account will be debited. If the Process Date falls on a non-Business Day, it will be the first Business Day before the designated Process Date "Scheduled Payment" is a payment that has been scheduled through the Service, but has not begun processing. The option to “Edit” or “Stop” these payments will still be available.

Process Date means the Business Day on which you schedule the Payment to be debited from your Bill Pay Account, unless this date falls on a non- Business Day in which case it shall be the immediately preceding or following Business Day as indicated in the Scheduled Payment instructions. In any case, it is the date on which sufficient available funds must exist in the Bill Pay Account. Payments scheduled on the 29th, 30th, or 31st for processing: when that day does not exist in the month, the last calendar day of that month is used as the calculated process date.

Process Date is the date you select the funds for a xxxx payment to be withdrawn from your account and the payment to be processed.

Process Date means the date the funds will be withdrawn from your account.

Process Date means the date on which the payment is withdrawn from your xxxx pay account. The Process Date will be one (1) business day prior to the Deliver By date for electronic Payments and at least four (4) business days prior to the Deliver By date for check Payments. Other definitions appear within the text of this Agreement. To access our Service, you must have a qualified checking account with us and be enrolled in our Business Online Banking Service. Xxxx Payments can only be made from checking or money market accounts, not Cash Card or savings accounts. Transaction limitations apply on money market accounts. Using your Business Online Banking ID and Password, you can access the Service and use the system to instruct us to make Payments from your designated xxxx pay account to your Payees. You must provide us with information that sufficiently identifies each of your Payees to enable us to properly direct your Payment to the Payee and enable the Payee to identify you as the source of the Payment s/he receives. We reserve the right to refuse the designation of a “Payee” for any reason. You may pay any Payee within the United States (including U.S. territories and APO’s / AEO’s). We are not responsible for Payments that cannot be made due to incomplete, incorrect, or outdated information.

Process Date means the date opened and processed by the Bank.