The word
"preauthorized" means giving permission or approval in advance for a certain action, typically relating to financial transactions.
Full definition
If you have arranged in advance to make regular electronic fund transfers out of your account (s) for money you owe others, you may stop payment of
preauthorized transfers from your account.
The EFT Act protects your right of choice in two specific situations: First, financial institutions can't require you to repay a loan
by preauthorized electronic transfers.
Making
preauthorized monthly contributions is generally not possible with ETFs, and adding small amounts to an ETF portfolio can be inconvenient and costly.
Excessive transaction charge of $ 20 per check, transfers to other accounts, and for payment to a third party by means of
preauthorized automatic transfers in excess of six allowed during statement cycle
Electronic direct deposits, wire transfers,
preauthorized credits and cash deposited at a People's United ATM that does not require an envelope are available the same Business Day.
Perhaps, Ideal charges
for preauthorized debits for bill paying and not for debits for funds transfer?
Stop payment orders for
preauthorized transactions must be directed toward the third party from whom you ordered the service or product.
Jumbo rates reflect a discount which includes a requirement that the borrower agree to monthly payments via
preauthorized electronic funds transfer.
When your regular monthly balance reaches $ 2,500, talk with us about moving your money to our Business Money Market Account, which pays a slightly higher dividend and lets you write checks and use
preauthorized withdrawals.
«Of course, contributing every month
through preauthorized contributions from your savings account is a good strategy to putting your money to work for you faster — especially in an RRSP,» says Allan Norman, a certified financial planner and chartered investment manager with of Atlantis Financial / Investment Planning Counsel in Barrie, Ont.
Claymore pioneered some innovative programs, such as
preauthorized cash contributions (PACCs) and dividend reinvestment plans (DRIPs), as well as the Scotia iTrade partnership that brought commission - free ETFs to Canada.
Practising lawyers can also pay their fees on a quarterly basis
via preauthorized payment options, on June 20, September 20, December 20 and March 20.
Premium options include annual payments by cheque or credit card and monthly payments by
preauthorized bank debit.
Claymore pioneered some innovative programs, such
as preauthorized cash contributions (PACCs) and dividend reinvestment plans (DRIPs), as well -LSB-...]
For either Money Market Account, federal regulations
limit preauthorized transfers to third parties or to another account of yours to 6 per month (including debit transactions, ACH transfers, telephonic transfers or similar order).
Shauna Hatfield, a case manager at the Patient Advocate Foundation, tells the story of a North Carolina man who was mid-surgery, having half his cancerous liver removed, when his health insurer called the operating room and declared that it would
not preauthorize the surgery.
For example, the company was the first to
create preauthorized contribution plans that allow investors to add money to their holdings each month without incurring trading commissions.
iShares has also pledged to honour any
existing preauthorized cash contributions (PACCs) and distribution reinvestment plans (DRIPs).
If you exceed the transfer limitations set forth above in any statement period, your account will be subject to the removal of the ability to
perform preauthorized transactions or reclassification.
«We,» «us,» and «our,» mean Alaska USA Federal Credit Union, which receives direct deposits or
disburses preauthorized payments on your behalf, or through whom you applied for your ATM and / or Visa Debit Card and PIN, and / or your UltraBranch service and PAC.
And for most people, the best way to enforce that discipline is to set up
preauthorized mutual fund contributions.
Excessive preauthorized transfers may result in fees being charged and / or a conversion of your account to a different account type.
It includes additional business banking features such as wire transfer capabilities, ACH transactions (direct deposit,
preauthorized drafts or cash concentration) and multi-user functionality that allows varying account authority or functionality by user.
1 Transfers from Savings accounts to another account or to third parties
by preauthorized automatic, telephone, or electronic transfers are limited to a combined total of six (6) per month.
Preauthorized Credits: If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, you can access your account history through UltraBranch or call the Member Service Center to find out whether or not the deposit has been made:
* Transfers from Money Market accounts to another account or to third parties by
preauthorized automatic, telephone, or electronic transfers are limited to a combined total of six (6) per month.
* Up to 6
preauthorized withdrawals per monthly statement cycle, including telephone or electronic transfers and check or point - of - sale transactions.
You may
stop preauthorized payments or transfers from your account to persons or companies other than the Credit Union.
The Premier Money Market Account has a limit of six
preauthorized monthly withdrawals which include automatic withdrawal, check, Internet, and phone transactions.
Payments / Transfers from Money Market and Savings Accounts Certain regulations applicable to the Bank in the United States limit the number of
preauthorized electronic fund transfers and telephone transfers - including the Services transactions from money market and savings accounts.
Federal Regulations
limit preauthorized transfers to third parties or to another account of yours to (6) per month (including debit transactions, ACH transfers, telephonic transfer or similar order).
During any statement cycle, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means
of preauthorized, automatic, telephone, computer, mobile, check or debit card.
Through our standard overdraft practices, we authorize and pay overdrafts for checks and overdrafts
for preauthorized automatic bill payments.
Premium options include annual payments by cheque or credit card and monthly payments by
preauthorized bank debits.
Phrases with «preauthorized»