Automated clearinghouse definition

Automated clearinghouse means the nationwide electronic funds transfer system that provides for an interbank exchange of either checks or automated debit or credit entries.[PL 2013, c. 480,
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Automated clearinghouse means any federal reserve bank, or an organization established by agreement with the National Automated Clearing House Association or any similar organization, that operates as a clearinghouse for transmitting or receiving entries between banks or bank accounts and that authorizes an electronic transfer of funds between those banks or bank accounts.
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Automated clearinghouse or “ACH” means a facility that clears debit and credit items for institutions.
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Examples of Automated clearinghouse in a sentence

  • Automated clearinghouse checks, payroll deductions or payments via coupon books will be acceptable.

  • Automated clearinghouse transaction payments to the borrower's account.

  • Automated clearinghouse entries on the day of receipt.c. “On-us” checks will receive same day availability.

  • Automated clearinghouse (ACH) transmissions will be postponed until the Hot-Site is operational and current credit union data is available.

  • The term "ACH" is defined in Regulation CC § 29.2(b), as follows:(b) Automated clearinghouse or ACH means a facility that processes debit and credit transfers under rules established by a Federal Reserve Bank operating circular on automated clearinghouse items or under rules of an automated clearinghouse association.

  • Statements will only be issued after the credit union is fully operational.Transmissions: Automated clearinghouse (ACH) transmissions will be postponed until the Hot-Site is operational and current credit union data is available.

  • The term "ACH" is defined in Regulation CC § 29.2(b) as follows: (b) Automated clearinghouse or ACH means a facility that processes debit and credit transfers under rules established by a Federal Reserve Bank operating circular on automated clearinghouse items or under rules of an automated clearinghouse association.

  • Automated clearinghouse fee Are you charged these fees?□ Yes □ No Are these fees included in your regular payment?□ Yes □ No $You may be required to enroll in a program in which your lease payments are made through an electronic transfer of funds cleared through an automated clearinghouse and there may bea fee associated with enrolling.

  • In the United States commercial banks today can supposedly issue notes, owing to the elimination ofbounce-proof (the seller phones the bank for payment verification before finalizing the sale).6 Automated clearinghouse payments, “direct deposit” of paychecks, and bill- paying by personal computer have the same advantages.

  • EFT services include:• Transfers through automated teller machines (ATMs),• Point-of-sale (POS) terminals,• Automated clearinghouse (ACH) systems,• Telephone bill-payment plans in which periodic or recurring transfers are contemplated,• Remote banking programs, and• Remittance transfers (Subpart B).


More Definitions of Automated clearinghouse

Automated clearinghouse. ’ means any federal reserve bank, or an organization established in agreement with the National Automated Clearinghouse Association, that operates as a clearinghouse for transmitting or receiving entries between banks or bank accounts and which authorizes an electronic transfer of funds between these banks or bank accounts.
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Automated clearinghouse means any federal reserve bank,
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Automated clearinghouse. ’ means any federal
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Automated clearinghouse means automated clearing house.
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Automated clearinghouse means the na- tionwide electronic funds transfer system that provides for an interbank exchange of either checks or automated debit or credit entries.
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Related to Automated clearinghouse

  • Clearinghouse means the Federal Motor Carrier Safety Administration Commercial Driver's License Drug and Alcohol Clearinghouse.

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • ACH means automated clearing house transfers.

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • Automated driving system means the same as that term is defined in Section 41-26-102.1.

  • Automated teller machine means a device, linked to a financial institution's account records, which is able to carry out transactions, including, but not limited to: account transfers, deposits, cash withdrawals, balance inquiries, and mortgage and loan payments.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Interstate means a telecommunications service that originates in one United States state, or a United States territory or possession, and terminates in a different United States state or a United States territory or possession.

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements.

  • Boarding house means a residence in which lodg- ing and meals are provided. Each resident of a boarding house is charged a lump sum to cover the costs of lodging and meals with no separate accounting for the fair selling price of the meals.