Faster Payment definition

Faster Payment means a payment made using the Faster Payments Service operated by Faster Payments Scheme Limited (or any other person which takes over the administration of the Faster Payments Service).
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Faster Payment means Electronic Money in your Tide GBP E-Money Account being redeemed and the equivalent amount of money being transferred to the Beneficiary Bank Account via the United Kingdom’s faster payments network.
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Faster Payment means a service allowing you to make and receive electronic payments in the UK which is received by the recipient bank within 2 hours provided that the receiving organisation or bank is part of the Faster Payments Scheme.
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Examples of Faster Payment in a sentence

  • For setting up a new payee to make Faster Payment from your Account, you will need to provide name, account number and sort code of the person you wish to pay.

  • Payments originated from overseas by you or a third party are not eligible for the Faster Payment Scheme.

  • In the unlikely event that payments continue to be redirected to your New Account during the 13 months leading up to the end of the 3 year redirection period we will automatically extend the redirection service and the term of this Agreement until such time as there is a 13 month period when no Direct Debits, Bacs Direct Credits or Faster Payment transactions have been automatically redirected by the central redirection service.

  • This includes cash withdrawals, purchases you make straightaway with your debit card, and any money you ask us to send straightaway online, such as a Faster Payment.

  • You will arrange for your Cash Account to be appropriately funded, including via your Designated Bank Account, HKD cheque payment, bank transfers (online, telegraphic transfers or via Faster Payment System(FPS)) or real time direct debit instructions.

  • Faster Payment – A service allowing you to make and receive electronic payments in the UK which is received by the recipient bank within 2 hours provided that the receiving organisation or bank is part of Faster Payments Scheme.

  • If you hold a Full Account, you may transfer any Available Balance via Faster Payment to a UK bank account.

  • Any Sterling payments may be made by Faster Payment (providing the amount does not exceed £100,000) or by CHAPS, as selected by the Client.

  • If the Client does not make a selection the payment will be made by Faster Payment (providing the amount does not exceed £100,000) or by CHAPS for all other amounts.

  • Within this period, any Tide Platform User may at any time transfer any Available Balance on the Tide GBP E-Money Account to a UK bank account via Faster Payment (subject to Account Limits).


More Definitions of Faster Payment

Faster Payment. A service allowing you to make and receive electronic payments in the UK using your Amaiz Account which is received by the recipient bank within 2 hours provided that the receiving organisation or bank is part of the UK Faster Payments Scheme. “Fee” means each of our fees specified at ▇▇▇▇▇://▇▇▇▇▇.▇▇▇/pricing.
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Faster Payment means a close of business day plus one electronic bank payment made within the UK in sterling.
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Faster Payment means electronically transferring funds from one account to another as long as the Banking Institution receiving the funds is a member of the Faster Payment scheme.
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Faster Payment means a service allowing youtomake andreceive electronic paymentsinthe UK in GBP, whichare received by the recipient bank within 2 hours, provided that the receiving organisation or bank is part of the Faster Payments scheme. Full Deductible Amount means the full amount of the Card Transaction or Payment (as applicable), including the Future Dated Payments means individual, one-off, Payments set up to be made at a future date which will be received by the recipient bank on the day specified. Google Pay means a mobile payments app that allows Cardholders to make payments from their Card using their mobile device (subject
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Faster Payment means the electronic payments that can be made over the phone and in a branch. As long as the receiving bank or building society uses Faster Payments too, the payment will be completed almost immediately (though sometimes, it can take up to 2 hours).
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Faster Payment means a service allowing you to make and receive electronic payments in the UK in GBP, which are received by the recipient bank within 2 hours, provided that the receiving organisation or bank is part of the Faster Payments scheme.
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Related to Faster Payment

  • Delta Payment means as it is described in this Agreement.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Debit Payment means a particular transaction where a debit is made.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;