Recurring Debit definition

Recurring Debit means payments made directly from a Deposit account to a third party on a regularly scheduled basis pursuant to arrangements between the owner of the account and the third party receiving the payments directly.
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Recurring Debit means payments made directly from a Deposit account to a third party or to Seller (or to another customer's account with Seller) on a regular, scheduled basis pursuant to arrangements between the owner of the account and the third party receiving the payments directly (or with Seller, if applicable).
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Examples of Recurring Debit in a sentence

  • Buyer shall continue such ACH arrangements and such Recurring Debit arrangements as are originated and administered by third parties and for which Buyer need act only as processor; Buyer shall also continue Recurring Debit arrangements that were originated or administered by Seller.

  • At least fifteen (15) Business Days prior to the Closing Date, Seller will deliver to Buyer (i) a listing of account numbers for all accounts being assumed by Buyer subject to ACH Items and Recurring Debit arrangements, and (ii) all other records and information necessary for Buyer to administer such arrangements.

  • These are Debit Card, Recurring Debit Card, BACS, Standing Order or by Cheque.

  • Buyer shall continue such ACH arrangements and such Recurring Debit arrangements as are originated and administered by third parties and for which Buyer need act only as processor; Buyer shall have no obligation to continue Recurring Debit arrangements that were originated or administered by Seller, and Seller, if so directed by Buyer, shall terminate such arrangements on or prior to the Closing Date.

  • At least 15 Business Days prior to the Closing Date, Seller will deliver to Buyer (i) a listing of account numbers for all accounts being assumed by Buyer subject to ACH Items and Recurring Debit arrangements, and (ii) all other records and information necessary for Buyer to administer such arrangements.

  • Examples: a monthly subscription, automatic bill payments, utilities or rent The merchant processing the transaction determines if the transaction is processed as an Everyday Debit Card Transaction or a Recurring Debit Card Transaction.

  • When it won’t be charged: • If Recurring Debit Card Transaction is Declined: Transaction will NOT go through and you will NOT be charged a fee For Chase Sapphire Checking accounts, we waive the Insufficient Funds and Returned Item fees if item(s) are presented or withdrawal request(s) are made against an account with insufficient funds on four or fewer business days in the past 12 months.

  • Examples: groceries, gas or a meal at a restaurant Recurring Debit Card Transactions are transactions made using your debit card that you authorize to pay more than once and on an ongoing basis.

  • Effective as soon as administratively practicable on or after , 20 , I authorize recurring after-tax contributions to be made to my BA account equal to $_ _.These contributions will be made by Payroll deduction from my employer (unless made by employer check, return Employer Authorization Agreement for Recurring Debit (ACH))Automatic debit (ACH) from my bank account (complete the bank information below).

  • An instalment plan using Recurring Debit / Credit Card Payment or Direct Debit must be set up at registration in each academic year.

Related to Recurring Debit

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Excess Cash Flow Payment Date means the date occurring 120 days after the last day of a fiscal year of the Borrower (commencing with the fiscal year ending on December 31, 1998).