Process Date definition
Process Date means the calendar day the ASRS generates contribution withdrawal documents to be sent to a member.
Process Date means, for the purposes of external transfers, the date that we originate transfer payments on your account. This is typically 1-2 business days prior to you receiving a credit or debit on your account at another financial institution.
Process Date is the date that the payment is initiated. For electronic payments, it is the date that the funds are verified and debited from the Pay From Account. For check payments, it is the date the check is mailed to the Payee.
Examples of Process Date in a sentence
A single payment will be processed on the business day (generally Monday through Friday, except certain holidays) that you designate as the payment’s Process Date, provided the payment is submitted prior to the daily cut-off time on that date.
Based upon your selected frequency settings for the payment, a Process Date is calculated for the next occurrence of the payment.
If the calculated Process Date is a non-business date (generally weekends and certain holidays), it is adjusted to the first business date prior to the calculated Process Date.
More Definitions of Process Date
Process Date means the calendar day the ASRS gener- ates contribution withdrawal documents to be sent to a member.
Process Date is the date your Default Pay From Account will be debited. If the Process Date falls on a non-Business Day, it will be the first Business Day before the designated Process Date "Scheduled Payment" is a payment that has been scheduled through the Service, but has not begun processing. The option to “Edit” or “Stop” these payments will still be available.
Process Date is the date you select the funds for a ▇▇▇▇ payment to be withdrawn from your account and the payment to be processed.
Process Date means the Business Day on which you schedule the Payment to be debited from your Bill Pay Account, unless this date falls on a non- Business Day in which case it shall be the immediately preceding or following Business Day as indicated in the Scheduled Payment instructions. In any case, it is the date on which sufficient available funds must exist in the Bill Pay Account. Payments scheduled on the 29th, 30th, or 31st for processing: when that day does not exist in the month, the last calendar day of that month is used as the calculated process date.
Process Date means the date the funds will be withdrawn from your account.
Process Date is the date automatically designated by ▇▇▇▇ Pay based on the Payment Date you select (and additional factors if the payment will be made by draft check). For electronic payments, the Process Date is the date funds are debited from your Pay-from Account for the payment. For payments by draft check, the Process Date is the date the check is printed.
Process Date or "Payment Date" or “Withdraw On Date” or “Withdrawal Date” shall mean the Business Day on which you schedule the Payment to be debited from your Funding Account, unless this date falls on a non-Business Day in which case it shall be the immediately preceding or following Business Day as indicated in the Scheduled Payment instructions. In any case, it is the date on which sufficient available funds must exist in the Funding Account.