Recurring Direct Deposit definition
Recurring Direct Deposit means that the Accountholder has arranged for the electronic deposit of Accountholder’s paycheck or benefits check, or a portion thereof, directly to the Card Account on at least a monthly basis and for at least three consecutive months.
Examples of Recurring Direct Deposit in a sentence
We reserve the right, in our sole discretion, to restrict eligibility to open a Savings Account to customers who have pre-existing Recurring Direct Deposit which exceeds a minimum threshold per calendar month.