��������Ƶ

How is Banking Details defined in a legal contract?

• Banking Details means the specific information provided about a business bank account. This information usually includes the name of the account, the type of account, bank code, and other relevant details to facilitate transactions. Seen in 1 SEC filing
• Banking Details means the specified information required to perform banking transactions. This often comprises the name of the account, the bank where the account is held, the branch information, account type, and number. Seen in 1 SEC filing

Note: 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.

yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 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.

‍

Genie Definition 1

• Banking Details means the name, type, and code of an [organization] bank account.

Relevant Contract Types

• Service Agreement
• Payment Agreement
• Lease Agreement
• Employment Contract
• Freelance Contract

Relevant Circumstances

• Setting up automatic payroll for employees.
• Rent payment arrangements in lease agreements.
• Payment terms in service or freelance agreements.
• For any form of contract where money is to be transferred or received.

Relevant Sectors

• Consulting Services
• Real Estate
• Retail
• Healthcare
• Technology

‍