Provisional Credit definition
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.
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.
Examples of Provisional Credit in a sentence
As used herein, "Provisional Credit" means that the credit is made to Member's Account subject to final payment of the Checks and subject to the terms of the Deposit Agreement.
Provisional Credit - You agree to be bound by the automated clearing house association operating rules that provide that payments made to you or originated by you by funds transfer through the automated clearing house system are provisional until final settlement is made through a Federal Reserve Bank or otherwise payment is made as provided in Article 4A-403(a) of the Uniform Commercial Code.
Upon acceptance of the File, AMHFCU shall grant Member's Account Provisional Credit (as herein defined) for the total amount of the Corrected File or the Accepted File, as applicable.
More Definitions of Provisional Credit
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 ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇. 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 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 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 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. We may, if we so choose, give you credit for a wire transfer before we receive final settlement of the funds. If we give you credit, payments made to you, or originated by you, are provisional until final settlement is made through a Federal Reserve Bank or payment is otherwise made as provided in Article 4A-403(a) of the Oklahoma Uniform Commercial Code. If we do not receive such final settlement, we are entitled to a refund from you in the amount credited to your Account and the party originating such payment will not be considered to have paid the amount so credited. Fees: We may charge fees (as set forth in the Fee Schedule) for sending or receiving a funds transfer. We may deduct the fee from your Account or from the amount of the funds transfer. Other financial institutions involved in the funds transfer may also charge fees.
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 Bank's funds availability disclosure. Bank further reserves the right to charge to Customer's account at any time, any Check Bank subsequently determines is a Prohibited Check or other item, or is otherwise subject to a charge back as described in the Deposit Account Agreement. Customer agrees that Bank is not liable for any loss, costs or fees Customer may incur as a result of our charge back of an ineligible item. In all cases, Customer is responsible for any loss or overdraft plus any applicable fees to Customer's account due to a Check being returned.