Examples of Transaction Date in a sentence
Funds will be deducted from your Account on the business day on ·which a payment is to be "initiated." This date is referred to in this Agreement as the "Transaction Date." Funds must be available on the Transaction Date.
Therefore, in order to provide sufficient time for Bill Payments to be received by your payee, the Transaction Date should be at least 5 business days prior to the date the payment is due, excluding any applicable grace periods.
Funds will be deducted from your account on the business day on which a transfer is to be "initiated.” This date is refer red to in this Agreement as the "Transaction Date.” Funds must be available on the Transaction Date.
Because of the time it takes to send payments, your payee will generally not receive payment on the Transaction Date.