Funds transfer means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order.

Funds transfer means the series of transactions, beginning with the originator’s payment order, made for the purpose of mak- ing payment to the beneficiary of the order. The term includes any payment order issued by the originator’s bank or an intermediary bank intended to carry out the originator’s payment order. A funds transfer is completed by acceptance by the beneficiary’s bank of a payment order for the benefit of the bene- ficiary of the originator’s payment order.

Funds transfer or “Transfer” means a transfer of funds, initiated through Online Banking Service, from one eligible account to another.

Examples of Funds transfer in a sentence

Delivery of some disclosures in electronic form does not require the Bank to deliver all disclosures or all disclosures of a particular type electronically, including, but not limited to, Privacy Notice or Error Resolution Disclosure required under the Electronic Funds Transfer Act.
It is agreed that the Company is authorized to continue to make payment of wages by Electronic Funds Transfer (EFT).
Customer shall pay the amounts due via check of Electronic Funds Transfer within thirty (30) days from the date of receipt of the weekly invoice.
PLEASE ATTACH A COPY OF VOIDED CHECK Name of Financial Institution: Address of Financial Institution : (or) Savings Account No.: Checking Account No.: Financial Institution Routing No. (Between these symbols |: |: on the bottom left of your check) : I hereby authorize the Oklahoma Tax Commission to use the above information in direct conjunction with the Electronic Funds Transfer Program.
The Bank, at its sole discretion, reserves the right to change External Funds Transfer Service Providers.

More Definitions of Funds transfer

Funds transfer means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary of the order.

Funds transfer means any transaction carried out on behalf of an originator through a financial institution by electronic means with a view to making an amount of money available to a beneficiary person at another financial institution (the originator and beneficiary may be the same person);

Funds transfer. Means the allocation of funds from one accessible Account to another accessible Account.

Funds transfer means a transfer of funds from one account to another, either yours or a third party whether both accounts are held at Suncorp or one account is held at another financial institution external to Suncorp.

Funds transfer means a transfer of funds, including one initiated through an electronic terminal, telephone, computer, or magnetic tape for the purpose of ordering, instructing or authorizing a “financial institution” to debit or credit an “insured’s” “account”. “Funds transfer” includes, but is not limited to, point-of-sale transfers, automated teller machine transfers, direct deposits or withdrawals of funds, transfers initiated by telephone, and transfers resulting from debit or credit card transactions, whether or not initiated through an electronic terminal.

Funds transfer means the movement of funds from the Customer’s Account using Instructions or any Banking Services to other Account(s) or to a third party account within UAE or outside UAE.

Funds transfer means a transfer to or from your Account which is (i) governed by Article 4A, and (ii) made by telephone, wire, automated clearing house transfer, computer instructions or written instructions other than a check.