Receiving Financial Institution definition

Receiving Financial Institution refers to us, when you are the Receiver, and the Receiver’s financial institution, when you are the Sender;
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Receiving Financial Institution means Credit Union, when Member is the Receiver, and the Receiver’s financial institution, when Member is the Sender.
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Receiving Financial Institution means the financial institution indicated in the Request where the Recipient should receive the Electronic Funds Transfer.
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Examples of Receiving Financial Institution in a sentence

  • Our sole obligation is to transmit the Return Request to the Receiving Financial Institution through the Real-Time Payments Service.

  • Contact the Receiving Financial Institution and verify this information prior to completing this section.

  • Our sole obligation is to transmit the Return Request to the Receiving Financial Institution through the Real- Time Payments Service.

  • Please verify wiring instructions with the Recipient and/or Receiving Financial Institution.

  • Always verify wiring instructions with the Beneficiary and/or Receiving Financial Institution before completing this section. Financial Institution Name – The Financial Institution where the wire will be sent. Financial Institution Address – The address of the receiving Financial Institution.

  • We will not be responsible or liable for the acts or omissions of any other person, including any Recipient, any Receiving Financial Institution, any correspondent or other intermediary financial institution or any Third Party Service provider.

  • This number may be printed on the receiver’s bank statement by the Receiving Financial Institution.

  • You are responsible for any loss or expense incurred by us or any Receiving Financial Institution which executes or attempts to execute the Request in reliance to the Required Information you provided.

  • Copies of the supporting cheques, application forms and any repayment cheques should be retained to provide an audit trail until the Receiving Financial Institution is informed by NDLEA or the investigating officer, that the records are of no further interest.

  • Each Member’s account balance, including yours, will be allocated to each selected Receiving Financial Institution in the same proportion that the total omnibus balance is allocated to each Receiving Financial Institution.


More Definitions of Receiving Financial Institution

Receiving Financial Institution means the financial institution that maintains an Account to which funds must be Credited pursuant to a Credit Instruction.
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Related to Receiving Financial Institution

  • Reporting Financial Institution means any Member State Financial Institution or San Marino Financial Institution, as the context requires, that is not a Non-Reporting Financial Institution.

  • Participating Financial Institution means a financial institution participating in Interac e-Transfer Services, Online Payment Services, or Western Union Services, as the case may be.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Licensed financial institution means a financial institution issued a license under this act.

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution identified as a Nonparticipating Financial Institution pursuant to paragraph 2 of Article 5.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • Qualified United States financial institution means an institution that:

  • Receiving Institution The college or university where a transfer student plans to enroll and to apply previously earned credit toward a degree program.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.

  • Receiving Bank means the bank to which the sender's instruction is addressed.

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;