Transmit Date definition
Examples of Transmit Date in a sentence
Future Dated Transfers may be cancelled or changed through the Service at any time prior to the Transmit Date.
Future Dated Transfers will be initiated on the Transmit Date requested (even if the Transmit Date is not a Business Day), not the date the transfer is scheduled.
If we have not completed processing your termination request and you have not otherwise canceled a transaction, you will be responsible for transactions with a Transmit Date during the ten (10) Business Days following our receipt of your notice of termination.
If you have scheduled transactions with a Transmit Date within this ten-day period, you also must separately cancel those transactions.
Transmission of the payment occurs when your payment is sent to the Payee for delivery; the date the payment is actually sent to the Payee for delivery is the "Transmit Date." The date the Payee actually receives payment may be later than the Transmit Date, and will depend on whether the payment is made electronically or by check, as discussed below.
The transaction type, Payee name, payment amount, and the Transmit Date will be reflected for each payment made through the ▇▇▇▇ Payment Services.
The date the payment is actually sent to the payee is the "Transmit Date" of the payment.
Thus, the actual Transmit Date for any month may not be the Recurring Payment Date.
The date the payee receives the payment may be later than the Transmit Date and will depend on the method of payment as discussed below.
We reserve the right to debit your Designated Funding Account in the amount of the requested Payment on the Transmit Date or any time thereafter.