Third party deposits are defined as those deposits which originate from an account at a financial institution which is titled in a name other than that of the receiving DSX account holder(s).

As third party transfers have historically been viewed by the financial services industry and its regulators as being highly susceptible to acts of fraud and money laundering, they are strongly discouraged and, in most instances, rejected by DSX.

In the case of electronic transfers account holders should note that DSX reserves the right to reject any third party deposit and those of a large amount or frequent in nature are most susceptible to compliance inquiry and/or rejection.

Did this answer your question?