Receiving Bank

Receiving Bank

A bank that collects an electronic transfer from another bank. It is also called a receiving depository financial institution.
References in periodicals archive ?
The funds transfer is free but standard correspondent bank charges from the receiving bank will still apply.
In addition, the company has chosen Emirates NBD Capital Limited as the Lead Manager, Emirates NBD PJSC as the Lead Receiving Bank and Ajman Bank as the Receiving Bank that will also provide financing opportunities for Gulf Navigation shares.
In addition, the company has chosen Emirates NBD Capital Limited as the lead manager, Emirates NBD as the lead receiving bank and Ajman Bank as the receiving bank that will also provide financing opportunities for Gulf Navigation shares.
Environmental aspects : The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing comply with the EIB's environmental and social standards, as set out in the EIB Environmental and Social Handbook, and with national legislation.
Private corporations may have benefited from drug transactions inside the New Bilibid Prison (NBP), Justice Secretary Vitaliano Aguirre II said after receiving bank transaction reports from the Anti-Money Laundering Council (AMLC).
Emirates Financial Services (EFS) acted as the sole Book-runner of the Rights Issue, Emirates NBD acted as Lead Receiving Bank, and Al Tamimi & Company acted as the sole Rights Issue's counsel.
The event also featured the five-member FERN team receiving Bank Alfalah Rising Talent trophies from Atif Bajwa.
Where your bank finds clear evidence of a genuine mistake, they will contact the receiving bank on your behalf with a request to prevent the money being mistakenly spent.
National Bank of Abu Dhabi is acting as sole lead manager and lead receiving bank.
Banks are to establish internal procedures/policies for variants of the N5 million limits; Transactions above the N1 million limit could be delayed by the receiving bank for not more than one hour (as opposed to the current two minutes), before applying credit," the statement said.
The citizens will not be receiving bank interests from their funds, while the structures
Kuei, director general of Banking Bureau under Financial Supervisory Commission (FSC), who says most countries adopt the SWIFT system to charge about NT$900 (US$30) per transaction, NT$600 (US$20) of which paid to receiving bank and NT$300 (US$10) to sending bank.