Share Draft

Share Draft

A withdrawal from a share account, which is an account at credit union. While share accounts are structured differently from accounts at ordinary banks, share drafts behave the same as any other withdrawal.
Mentioned in ?
References in periodicals archive ?
She said the Population Policy has been reviewed and revised draft Population Policy 2010 has been shared with all stakeholders, public and private sectors, adding we are planning to separately share draft Population Policy with media and ulema before its finalization.
In Portsmouth, Peter Cronshaw, courier; Lisa Tower, real estate loan specialist; Gail Davis, real estate loan specialist; Cesar Espindola, project analyst, marketing department; Shannon Francois, ACH specialist, share draft department; and Brett Ward, host systems analyst, information technology department.
Remarkably, though, credit unions offer many of the same services as banks, including passbook savings accounts, money orders, interest-bearing share draft (checking accounts, traveler's checks, consumer loans and auto loans.
Pioneers of share draft processing and Check 21 imaging systems, Irmo, SC-based PCSi, LLC is a credit union service organization (CUSO) specializing in payment processing, in conjunction with Palmetto Cooperative Service, LLC a leader in statement/notice printing and electronic services.
The move marks a shift away from what CSCU Director of Payments Strategy Lou Grilli calls "pass-through," whereby money simply moves from one share draft account to another via the P2P app.
The Bid security must be in the amount of ten percent (10%) of the amount of the contract and must be in the form of a cashiers check or certified check drawn on a state-chartered or federally chartered bank, or a certified share draft drawn on a statechartered or federally chartered credit union, or the Bidder may provide a Bid Bond with corporate surety satisfactory to the governmental entity.
CenCorp offers its credit union and credit-union affiliate members with a comprehensive package of financial products and corresponding banking services, including overnight accounts, term investments, lending, share draft processing and ACH services.
The Bid security must be in the amount of ten percent (10%) of the amount of the contract and must be in the form of a cashiers check or certified check drawn on a statechartered or federally chartered bank, or a certified share draft drawn on a statechartered or federally chartered credit union, or the Bidder may provide a Bid Bond with corporate surety satisfactory to the governmental entity.
IBT, a leading innovator of financial services products and best of breed solutions in process innovation and customer experience, today announced that it has partnered with ShareTec Systems to complement their robust credit union core product suite offerings with an integrated solution for teller capture, branch capture and Share Draft processing.
The study calculated scores based on whether credit unions digitally offered services including online banking, audio response/phone-based services, ATMs, kiosks, mobile banking, member applications, new loans, account balance inquiry, share draft orders, new share accounts, loan payments, views of account history, share account transfers, bill payment, downloads of account history, electronic cash, account aggregation, electronic signature authentication/certification, e-statements, external account transfers, merchant processing services, remote deposit capture and mobile payments, as well as whether they had a website.
The company provides investment, lending and payment services including ACH, share draft and electronic bill-payment processing to about 900 credit union members in 44 states.
Certified Check, Share Draft, Or Bid Bond: 5% Of The Bid Total