Bank Account Numbers Clause Samples

Bank Account Numbers. If we are required to deposit money into a bank account on your instruction, for example, paying the proceeds of sale on the settlement of a property transaction, we require either a coded deposit slip, screen shot of your bank account number, bank statement or a bank deposit slip with a teller stamp on it. The bank account details can be scanned to us or sent in hard copy via post or hand delivered to our offices. We maintain a trust account for all funds that we receive from clients. If we are holding significant funds on your behalf, we will normally lodge those funds on interest bearing deposit (IBD) with ASB bank. In that case we will charge an administration fee of 5% of the net interest received. In determining what constitutes significant funds such that the funds should be lodged on IBD we will consider the prevailing interest rates, the time costs to you for putting funds on IBD and retrieving funds from IBD and any other matters that we consider relevant. AML/CFT rules apply to our IBD deposits. We will not transfer funds onto IBD unless or until we have received satisfactory identification of all relevant parties and a fully completed self-certification. Please contact us directly if you have any questions regarding this. If we do not have your IRD number and we are instructed to put funds on IB, which we can only do if you complete our bank’s self- certification requirements, with effect from 1 April 2020 our bank (ASB Bank Limited) is required to deduct resident withholding tax (RWT) at a non-declaration rate of 45% We hold professional indemnity insurance that meets or exceeds the minimum standards specified by the Law Society.
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Bank Account Numbers. If we are required to deposit money into a bank account on your instruction, for example, paying the proceeds of sale on the settlement of a property transaction, we require either a coded deposit slip, screen shot of your bank account number, bank statement or a bank deposit slip with a teller stamp on it. The bank account details can be scanned to us or sent in hard copy via post or hand delivered to our offices. We maintain a trust account for all funds that we receive from clients. If we are holding significant funds on your behalf, we will normally lodge those funds on interest bearing deposit (IBD) with ASB bank. If we are required to hold funds on IBD, we charge the following fees:
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Bank Account Numbers. The Stockholders shall have delivered to the Purchaser a list of all of the Companies’ bank account numbers and safe deposit box numbers.
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Related to Bank Account Numbers

  • Account Numbers State Street shall process all payment orders on the basis of the account number contained in the payment order. In the event of a discrepancy between any name indicated on the payment order and the account number, the account number shall take precedence and govern. Financial institutions that receive payment orders initiated by State Street at the instruction of the Client may also process payment orders on the basis of account numbers, regardless of any name included in the payment order. State Street will also rely on any financial institution identification numbers included in any payment order, regardless of any financial institution name included in the payment order.

  • Account Number This authorization shall remain in effect until revoked or until a subsequent Notice of Account Designation is provided to the Administrative Agent.

  • Account Name The Grant will be paid in instalments by the Commonwealth in accordance with the agreed Milestones, and compliance by the Grantee with its obligations under this Agreement.

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Contact Numbers The Parties agree to provide one another with toll-free nation- wide (50 states) contact numbers for the purpose of ordering, provisioning and maintenance of services.