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 the financial institution indicated in the Request where the Recipient should receive the Electronic Funds Transfer.
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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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Examples of Receiving Financial Institution in a sentence

  • 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.

  • The Request must provide the instructions and information that we need to credit the accounts of the Recipient, including the name, address and account number of the Recipient, the name and address of the Receiving Financial Institution, and any additional information we may require (the “Required Information”).

  • In addition to our Fees, intermediary or correspondent institutions that process the Electronic Funds Transfer and the Receiving Financial Institution may also charge fees and/or taxes which will be deducted from the amount of the Electronic Funds Transfer.

  • 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.


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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