Recipient Account definition

Recipient Account is the account to which your funds will be credited.

Recipient Account. Is the account to which your funds will be credited. “Transaction Account” Is the Account from which your funds will be debited, your Service fees will be automatically debited, or to which funds will be returned. “Transfer Instruction” Is the information provided by you to the Service for a transfer of funds to a Recipient Account.

Recipient Account means account to which your funds will be credited.

Examples of Recipient Account in a sentence

• We will make a reasonable effort to stop or recover a transfer made to the wrong Recipient Account once informed, but we do not guarantee such recovery; and/or, • Circumstances beyond our control (such as, but not limited to, fire, flood, network or system down time, issues with the financial institution(s), or interference from an outside force) prevent the proper execution of the transfer and we have taken reasonable precautions to avoid those circumstances.

• You must be an owner of the Transaction Account and the Recipient Account and have all necessary legal right, power and authority to transfer funds from the Transaction Account to the Recipient Account.

• Transfers may be returned for various reasons such as, (but not limited to) Recipient Account number is not valid.

• When we receive a Transfer Instruction from you, you authorize us to debit your Transaction Account and remit funds on your behalf to the Recipient Account designated by you on the date selected by you.

• You also authorize us to reverse a transfer from your Recipient Account if the debit is returned from the Transaction Account for any reason, including but not limited to nonsufficient funds.

More Definitions of Recipient Account

Recipient Account means the account to which you are sending your funds.

Recipient Account is the account to which your funds will be credited; if you are sending funds from your FNB account to a third‐party bank account, the third‐party bank account is the Recipient Account; if you are sending money from an external third‐party bank account to FNB, the FNB account is the Recipient Account.

Recipient Account means an account that you maintain at another financial institution (i) to which you are transferring funds from an Eligible Account; or (ii) from which you are transferring funds to an Eligible Account. "Transfer Instruction" is a specific instruction that you provide for a transfer of funds from an Eligible Account to a Recipient Account or from a Recipient Account to an Eligible Account.

Recipient Account means the account (for example the Global Reach Wallet of the Recipient or the bank account or other account of the Recipient) where the monies or Stored Value which are subject to a Payment will be sent.

Recipient Account means, in a Points-Roll-Up scenario only, a Rewards Account to which Points “roll-up” to one or more Originating Accounts.

Recipient Account is your account at another financial institution located in the United States (i) to which you are transferring funds from your Eligible Transaction Account; or (ii) from which you are transferring funds into your Eligible Transaction Account.

Recipient Account is your account at another financial institution located in the United States (i) to which you are transferring funds from your Eligible Transaction Account; or (ii) from which you are transferring funds into your Eligible Transaction Account. “Requestor” is a person that requests an individual to initiate a Payment Instruction through the Popmoney® Service. “Scheduled Payment” is a payment that has been scheduled through the Bill Payment Service but has not begun processing. "Scheduled Payment Date" is the day you want your Xxxxxx to receive your bill payment and is also the day your Payment Account will be debited, unless the Scheduled Payment Date falls on a non-Business Day in which case it will be considered to be the previous Business Day. "Sender" is a person or business entity that sends a Payment Instruction through the applicable Service. “Service Provider” means companies that we have engaged (and their Affiliates) to render some or all of NYCB Online to you on our behalf. “Site” is the New York Community Bank NYCB Online site or mobile banking site. "Transaction Account" is the Account from which your funds will be debited, your applicable Service Use Fees will be automatically debited, or to which funds will be returned. "Transfer Instruction" is a specific Payment Instruction that you provide to the applicable Service for a transfer of funds. "You," "your," and "yours" means the person(s) or entity that is the owner, or authorized signer or any other party-in-interest, of Accounts and who has enrolled to use NYCB Online and each person or entity who uses any service of NYCB Online with the authorization of an owner, authorized signer, or any other party-in-interest, of Accounts. "We," "us," “our,” and "Bank" mean (i) New York Community Bank, including any of its divisions, (ii) NYCB Mortgage Company, LLC, (iii) New York Commercial Bank, with respect to mortgage loans owned by New York Commercial Bank and subserviced by New York Community Bank or its Affiliate, or (iv) any agent, affiliate, licensor, service provider, supplier, independent contractor, designee, assignee, or any other third party that we may, at our sole discretion, involve in the provision of NYCB Online services. B.