ACH Origination Service. Client (Company) has requested that Seaside National Bank & Trust (Financial Institution) permit it to initiate Entries to Accounts maintained at Financial Institution and other financial institutions by means of the Automated Clearing House (ACH) Network where standards, rules, and procedures are established by the National Automated Clearing House Association (NACHA). Financial Institution has agreed to do so on the terms of this Agreement.
ACH Origination Service. This Part applies to the ACH Origination Service.
ACH Origination Service. These CashCon terms and the company number, division number, division password and the conditions are expressly made a part of the terms and conditions for the appropriate location to log onto the corporate control service and send ACH origination service and are subject to the terms and conditions us a concentration entry for each reporting location account that we thereof. Terms that are defined in the terms and conditions for the ACH have included in your setup for the CashCon service. origination service have the same meanings when used in these CashCon terms and conditions. If there is any inconsistency on a The authorization codes are not user-specific. This means that all of particular issue between these CashCon terms and conditions and the your authorized users must use the same set of authorization codes to terms and conditions for the ACH origination service, these CashCon initiate a concentration entry for a particular reporting location account. terms and conditions will control. You understand and agree, however, We will send all of the authorization codes to the person(s) identified in that our agreement to provide the CashCon service does not permit you your CashCon service profiles as they are in effect at the relevant time. to use any other aspect of the ACH origination service unless we have Each such person will act as your "contact" with respect to the agreed to include it in our implementation of your setup for the ACH authorization codes we send to him or her and will have all of the rights origination service. and responsibilities described in the general terms and conditions. You agree that these security procedures are commercially reasonable. Cash Vault Service 1.
ACH Origination Service. 5.1. Description of ACH Origination Service The ACH Origination Service allows you to instruct us to create and/or send a NACHA formatted file on your behalf to execute the transfer of funds to/from another financial institution to disburse/concentrate funds or to make payments/collect funds to/from another party via the System. All transactions executed through the ACH Origination Service described above will be collectively known as (“ACH transactions”.) The ACH Origination Service is only accessible through the Online Banking Services. Your use of and access to the ACH Origination Service is separate and apart from your ability to facilitate transfers via ACH to a linked bank account (see Section 3.7). We will facilitate only Internet-Initiated/Mobile Entry (“WEB”) and Corporate Credit or Debit Entry (“CCD”) ACH transactions through the ACH Origination Service. We will select, at our sole discretion, whether to facilitate any given ACH transaction as a WEB transaction or CCD transaction. Unless otherwise defined in this Agreement, capitalized terms that appear in this Section 5 shall have the meanings set forth in the Operating Rules (the “Rules”) of the National Automated Clearing House Association (“NACHA”).
ACH Origination Service. This Service permits you to initiate credit entries or payments to a third party (“Credit Entries”) and/or debit entries or collections from a third party (“Debit Entries”) in accordance with these terms and conditions, the current NACHA rules (the “Rules”), within the “ACH Daily Limit” as we establish for your ACH transactions from time to time and as we otherwise agree to. We agree to act as the Originating Depository Financial Institution (ODFI) with respect to your Credit and/or Debit Entries. “
ACH Origination Service. (Business Eligible Accounts only) The ACH origination service facilitates regular and typical payroll and other xxxx payments (“ACH Origination Service”). We reserve the right to delay or decline processing direct deposit and similar transactions (i) that significantly differ, in our sole opinion, from your typical payment activity or volume of payment transactions, (ii) for which sufficient funds are not available in your account, (iii) that are otherwise in violation of this Agreement or the ACH rules as in effect from time to time, or (iv) that, in our sole opinion, may pose a risk of loss to us. Information to process a same day ACH transaction must be received by the Bank no later than 2:00 p.m. EST. We will debit your account for amounts payable after the cutoff time. Typically, we will send payment transactions through the Automated Clearing House (the "ACH") Network. You hereby authorize us to debit your bank account in order to pay monthly payroll service fees and exceptions fees as set forth on the Website and to credit your account to reverse any errors. This authorization will remain in effect until you cancel it in writing and in time to afford us a reasonable opportunity to act on it. You agree that your payment transactions will be governed by the ACH rules as in effect from time to time and that you will not initiate entries that violate the laws of the United States. You do not have any right to cancel or amend any entry after it has been submitted. However, the Bank shall use reasonable efforts to act on a request by you for cancellation of an entry prior to transmitting it to the ACH, but shall have no liability if such cancellation is not effected.
ACH Origination Service. Company wishes to initiate Credit or Debit Entries by means of the Automated Clearing House Network pursuant to the terms of this Agreement and the rules of the National Automated Clearing House Association (the “Rules”), and Credit Union is willing to act as an Originating Depository Financial Institution with respect to such Entries. Company shall, at its own expense, maintain a current subscription to or copy of the NACHA ACH Rules (available at xxx.xxxxx.xxx,) and shall take reasonable measures to remain informed of changes in the Rules. Unless otherwise defined herein, capitalized terms shall have the meanings provided in the Rules. The term “Entries” shall have the meaning provided in the Rules and shall also mean the data received from Company hereunder from which Credit Union prepares Entries.
ACH Origination Service
