Sentences with phrase «deposit by the depository institution»

If a trust account is established, a notarized or otherwise official notification of the deposit by the depository institution shall be filed with the Office of Financial Institutions.

Not exact matches

Certificates of deposit (CDs) offered by Edward Jones are bank - issued and FDIC - insured up to $ 250,000 (principal and accrued interest accrued but not yet paid) per depositor, per depository institution, for each account ownership category.

In compliance with the regulations of the deposit contract or by implementation of the depository institution, you are allowed to complete up to six distributions or transfers every month or statement cycle of no less than four weeks.

«Refund anticipation check» means a check, stored value card or other payment mechanism representing the proceeds of the consumer's tax refund that was issued by a depository institution or other person that received a direct deposit of the consumer's tax refund or tax credit and for which the consumer has paid a fee or other consideration.

A demand deposit consists of funds held in an account from which deposited funds can be withdrawn at any time from the depository institution, such as a checking or savings account, accessible by a teller, ATM or online banking.

Time deposits are issued by a depository institution in exchange for the deposit of funds.