Provisional Credit means the ini- tial credit provided to a presenting bank by a Federal Reserve Bank. Pro- visional credit may be reversed by Treasury until the completion of first examination or final payment is deemed made pursuant to § 240.6(d).
Provisional Credit means that the credit is made to your account subject to final payment of the items and subject to the terms of the Deposit Agreement.
Provisional Credit means that the credit is made to Customer’s account subject to final payment of the Items and subject to the terms of the Deposit Account Agreement. For the purpose of determining availability of funds, the Bank may hold funds for the period of time permitted by Bank’s funds availability disclosure. Files will only be processed on Business Days.
Examples of Provisional Credit in a sentence
Provisional Credit: Credit given by us to you with respect to an ACH entry is provisional until we receive final settlement for the credit entry through a Federal Reserve Bank.
Upon Acceptance of the File, Bank shall grant Customer’s Account Provisional Credit, defined below, for the total amount of the File.
We reserve the right to adjust the Provisional Credit to consider these fluctuations in the currency exchange rate which under certain circumstances may result in you owing us more if, for example, an international transaction results in an Overdraft because of the fluctuation in the exchange rate between the time of the credit to your Account and the Final Settlement.
Changes in the currency exchange rate are likely to create a difference between the Provisional Credit we Memo Post at the time of the transaction and the actual amount received from the other institution at the time of Final Settlement of the Item.
Upon acceptance of the Mobile Deposit, Bank shall grant your Account Provisional Credit (as herein defined) for the total amount of the Mobile Deposit or the accepted Mobile Deposit, as applicable.
More Definitions of Provisional Credit
Provisional Credit means that when we post transactions to your account, the credit is made to your Account subject to final payment of the Checks and subject to the terms of the Deposit Account Agreement. For the purpose of determining availability of funds, Bank may hold funds for the period of time permitted by Bank's funds availability disclosure. Mobile Deposit funds are generally available the next Business Day after the Business Day of your deposit, unless a hold is placed. If a hold is placed, you will be notified.
Provisional Credit means the process by which the EBT account is immediately re-credited pending an audit review by the EBT contractor whenever the system incorrectly debits the household’s EBT account due to an electronic malfunction of the system caused by a telecommunication time-out or an error by the Processor.
Provisional Credit means that the credit is made to Customer's account subject to final payment of the Checks and subject to the terms of the Deposit Agreement. For the purpose of determining availability of funds, Bank may hold funds for the period of time permitted by Reg CC. For the purposes of determining the time for which funds may be held by Bank under Reg CC, the place of deposit shall be 0 Xxxxxx Xxxxxxxxx, Xxxxxxxxxx, Xxxxx Xxxxxxxx. Customer agrees to comply with all existing and future operating procedures used by Bank for processing of transactions. Customer further agrees to comply with, and be bound by, all applicable state or federal laws, rules, regulations, orders, guidelines, operating circulars, and pronouncements affecting checks and drafts and ACH transactions, including, but not limited to, all rules and procedural guidelines established by the Federal Trade Commission ("FTC"), the Board of Governors of the Federal Reserve, Electronic Check Clearing House Organization ("ECCHO"), and any other clearinghouse or other organization in which Bank is a member or to which rules Bank has agreed to be bound. The rules are incorporated herein by reference. These procedures, rules, and regulations (collectively the "RDC Rules") and laws are incorporated herein by reference. In the event of conflict between the terms of this Agreement and the RDC Rules, the RDC Rules will control. It shall be the responsibility of the Customer to ensure that the Check complies with U.S. law. This includes but is not limited to sanctions enforced by the Office of Foreign Assets Control (OFAC). It shall further be the responsibility of the Customer to obtain information regarding such OFAC enforced sanctions. (This information may be obtained directly from OFAC Compliance Hotline at 800-540-OFAC.) Bank, in its sole discretion, shall determine the manner in which Images shall be presented for payment to the drawee bank. Bank, in its sole discretion, shall select the clearing agents used to collect and present the Images, and Bank's selection of the clearing agents shall be considered to have been designated by Customer. Bank shall not be liable for the negligence of any clearing agent. Collection of Checks is also subject to the RDC Rules and the terms of the Deposit Agreement. You agree that, in the event you are unable to capture, balance, process, produce, or transmit a File to Bank, or otherwise comply with the terms hereof or the Security Procedures, for any reason, including, b...
Provisional Credit means that the credit is made to your Account subject to final payment of the Image Deposits and subject to the terms of the agreement governing the Account. For purposes of determining availability of funds, we may hold funds for the period of time permitted by Reg CC.
Provisional Credit. Credit given by SECU to you with respect to a wire transfer is provisional until we receive final payment. If we do not receive final payment, you are hereby notified and agree that we are entitled to a refund of the amount credited to your account.
Provisional Credit means that the credit is made to Customer’s Account subject to final payment of the checks and subject to the terms of the Account Agreement. Customer and Bank agree that Subpart B of Reg CC and Bank’s Funds Availability Policy do not apply to items deposited using this Service.
Provisional Credit. Credit given by GKCU to you with respect to a wire transfer is provisional until we receive final payment. If we do not receive final payment, you are hereby notified and agree that we are entitled to a refund of the amount credited to your account.