Common use of Payment Transactions Clause in Contracts

Payment Transactions. Transactions initiated by the Client (bank transfer), by the payee (direct debit) or via the pay ee (payment by payment card), consisting of paying, transferring or withdrawing f unds from the payment account opened by the Client in the Bank’s books for any reasons whatsoever and independently of any obligation between the Client and the pay ee.

Appears in 2 contracts

Sources: Account Agreement, Account Agreement

Payment Transactions. Transactions initiated by the Client (bank transfer), by the payee (direct debit) or via the pay ee payee (payment by payment card), consisting of paying, transferring or withdrawing f unds funds from the payment account opened by the Client in the Bank’s books for any reasons whatsoever and independently of any obligation between the Client and the pay ee.payee. These are payment institutions, electronic money institutions, lending institutions and

Appears in 1 contract

Sources: Account Agreement