Processing Day definition
Examples of Processing Day in a sentence
Transfer requests submitted after 11 PM Pacific Time will be dated the next Transaction Processing Day.
Failure to repay a loan or pay loan interest will not cause this Policy to lapse unless the Net Cash Surrender Value on the Policy Processing Day is less than the monthly deduction due.
Not later than the first Payment Processing Day that any payment received from a third party becomes Identified Funds, the Servicer will deposit the payment into the Depository Account.
Preauthorized Electronic Fund Transfer (EFT) - An electronic transfer authorized in advance to recur at regular intervals (weekly, monthly, etc.) Processing Day - Processing days include Sunday through Saturday, to include holidays, allowing the Credit Union to process internal transactions and payments daily.
You should know that: A maximum of 5 per-item Overdraft fees will be charged on any Processing Day.