Define: Refund Transfer

How is Refund Transfer defined in a legal contract?

• Refund Transfer means a banking service where clients receive income tax refunds in a deposit account via direct deposit from the treasury. The service also allows for authorized amounts to be deducted. Seen in 5 SEC filings.
• Refund Transfer or 'RT' means a tax refund deposit service that allows clients to receive their tax refund in a specified account. This amount can then be disbursed further as desired by the account holder. Seen in 2 SEC filings.
• Refund Transfer means a special deposit account service offered to taxpayers. This service allows taxpayers to have their federal and state tax refund proceeds deposited and disbursed to them, minus any authorized fees. Seen in 1 SEC filing.
• Refund Transfer means the direct deposit of your refund into your specified account. It involves the disbursement of payments from your account as directed by you, and the disbursement of any remaining balance. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of refund transfer' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Refund Transfer means a service for receiving income tax refunds into a deposit account, from which authorized deductions can be made.

Relevant Contract Types

• Banking Service Agreement
• Financial Service Contract

Relevant Circumstances

• Businesses that receive substantial income tax refunds.
• Companies looking for a streamlined method to receive tax refunds and distribute them.

Relevant Sectors

• Banking
• FinTech

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Genie Definition 2

• Refund Transfer means the process of directly depositing tax refunds into a specified deposit account, and authorizing further disbursements.

Relevant Contract Types

• Tax Service Agreement
• Account Holder Agreement

Relevant Circumstances

• Tax preparation firms that issue refunds to clients.
• Companies seeking to facilitate tax refund disbursements to their employees.

Relevant Sectors

• Accounting
• Human Resources

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