Sending Bank definition

Sending Bank means the bank that sends a Funds Transfer to another bank.
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Sending Bank means the system user that sends cheque data and images through the ICS in order to collect payment on the cheque.
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Sending Bank means the branch of a bank, maintaining an account of and to which payment order is issued by the originator. When the originator is a participating institution, reference to sending bank shall be construed as referring to the sending EFT centre.
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Examples of Sending Bank in a sentence

  • You further agree to the Sending Bank Warranties and information regarding) any original check to any other person or entity Indemnification as provided in ECCHO Rules Section XIX(M).

  • A Sending Bank will be permitted to use the score only for purposes of evaluating the collectability of that particular Item and for no other purpose, and will not be permitted to save the score or reuse it for other purposes.

  • Funds deposited in a night depository or lockbox are considered • Beneficiary will be provisional until the Sending Bank gives the Beneficiary’s Bank final payment, and you agree that the Beneficiary’s Bank may reverse its provisional credit if the Sending Bank does not give the Beneficiary’s Bank final payment.

  • There shall be no additional document, no Sending Bank and its BO involvement and no Bank to Bank Communication shall take place.

  • You further agree to the Sending Bank Warranties and Indemnification as provided in ECCHO Rules Section XIX (M).