ACH Service. The ACH Service allows you to initiate credit and/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 (“NACHA”) and the local Automated Clearing House Association (the "Rules"). We are willing to act as an Originating Depository Financial Institution (“ODFI”) with respect to such Entries. Accordingly, you may submit ACH Entries to us in accordance with the terms and conditions of this Agreement. You are responsible for all Entries to the fullest extent provided by law and as set forth in this Agreement.
ACH Service. The ACH Service will allow Customer to initiate credit and/or debit Entries through the Bank to accounts maintained at Bank and in other depository financial institutions by means of the ACH network pursuant to the terms of this Agreement and the Rules of NACHA (“NACHA Rules”) and Bank’s operating rules and procedures for electronic entries, including any exhibits or appendices thereto now in effect, or as may be amended from time to time, and Bank is willing to act as an ODFI with respect to such Entries. Customer and Bank agree that Customer shall be and remain the Originator and Bank shall be the ODFI, as those terms are defined in the NACHA Rules. This Agreement sets forth the terms and conditions pursuant to which Bank will provide to Customer the ACH Services outlined herein. Customer hereby requests Bank to provide the Services described in this Agreement. By executing this Agreement and/or using the Services described in this Agreement, Xxxxxxxx accepts and agrees to all terms, conditions, and provisions of this Agreement and agrees that this Agreement sets forth the terms and conditions pursuant to which Bank will provide to Customer the ACH Service outlined herein.
ACH Service. The Bank must provide ACH services for both debit and credit transactions. The Town requires the ability to generate ACH transactions for payroll transactions, vendor payments and provider transmittals. The proposal should include the methods of transmission, cut-off times, and any security features related to processing any of the above. These services MUST include ACH fraud functionality to ensure that only authorized transactions are processed. BankUnited will offer the Town ACH services for debit and credit transactions as requested. With BankUnited, the Town has multiple ways to send ACH transactions to the bank. The most common way for you to send a file is for the Town to build a NACHA file and transmit that file via FTP transmission to the bank. If the Town does not have FTP transmission capability, you can pass this file through our Online Treasury portal. If the Town does not have the capability to create a NACHA formatted file, the Town can create an ACH template within our On-line Treasury Management system and transmit directly from there. BankUnited is in the process of changing ACH processing times to add the rules of same day ACH processing. The current deadline is 8 pm EST to process a file for next day. BankUnited strongly cautions the Town that we recommend that ACH files be sent 2 days prior to settlement, especially for Payroll. If the ACH file has errors, the additional time allows for the necessary corrections to occur before it impacts your employees. If the Town decides to use our On-line Treasury Management system for passing the ACH file to the bank, BankUnited is committed to providing superior security in all your financial information and transactions. The On-line Treasury Management service contains multiple levels of security, including dual approvals, one-time passcodes, and multi-factor authentication designed to protect your data while providing control over user access to reports, accounts and services. Specific to our Wire and ACH Origination service, customers can define the approval requirements for the release of Wires and ACH batches (e.g. same user can enter and approve a batch, different user is required to approve a batch) as well as set user-level transaction limits for the dollar amount the user can input and/or approve. For the protection of the Town’s accounts, BankUnited offers ACH fraud control, a system that allows the Town to view and approve or view and reject ACH payments. Once a payment is approved, th...
ACH Service. This Agreement is entered into this 11th day of June, 1999, ("Effective Date"), by and between Norwest Bank Iowa, National Association, (the "Bank") and AEGIS Mortgage Acceleration Corp. (the "Company").
ACH Service. This ACH Service permits Customer to initiate debit and credit entries (as applicable, “Debit Entries,” “Credit Entries,” or “Entries”) to accounts maintained at Provident and other banks by means of the Automated Clearing House (“ACH”) Network. The following terms and conditions govern Provident’s ACH Service. The ACH Service is also subject to the other terms in this Agreement and the Nacha Operating Rules and Guidelines (the “Nacha Rules”) of the National Automated Clearing House Association (“Nacha”). Capitalized terms not otherwise defined within these ACH provisions have the meanings ascribed in the Nacha Rules. In the event of a conflict between these ACH Service provisions and other provisions of this Agreement, these ACH Service provisions shall control.
1. Provident will Act as ODFI. Provident is willing to act as an Originating Depository Financial Institution (“ODFI”) with respect to the Entries. Each Entry shall be deemed Customer's Payment Order and authorizes Provident to initiate an electronic funds transfer on Customer's behalf.
2. Implementation Procedures and Setup Form. Prior to implementation of the ACH Service, Customer must fulfill Provident’s requirements, including providing Provident such financial, business and operating information as Provident may reasonably request in connection with Provident's approval process, and designating its Authorized Representative(s) in the ACH Setup Form. The Authorized Representative(s) will be authorized to initiate Entries on behalf of Customer within predetermined limits, unless otherwise restricted by Provident. Provident shall be entitled to deem any person using the Security Procedures assigned to Customer and required to initiate Entries, to be an Authorized Representative.
ACH Service. In conjunction with the Services, Company may initiate credit and/or debit Entries by means of the ACH Network and agrees to be bound by the terms of this Service Description and the Rules. Bank will act as an ODFI with respect to such Entries. Company is responsible for all Entries to the fullest extent provided by law and as set forth in this Service Description. For the purposes of this Service Description, unless otherwise defined herein, all capitalized terms shall have the meaning set forth in the Rules.
ACH Service. 1This Part III applies to all automated clearing house (“ACH”) and associated services made available to Customer by Bank (the “ACH Service”).
ACH Service. The ACH network is a funds transfer system which provides for the interbank clearing of electronic credit and debit Entries for participating financial institutions. The ACH system is governed by the National Automated Clearing House Association's ("NACHA") Operating Rules and Operating Guidelines (collectively the "NACHA Rules").
ACH Service. MPB agrees to act as an Originating Depository Financial Institution (ODFI) with respect to Customer initiated 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 (NACHA) and the local ACH Association (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 Customer hereunder from which MPB prepares Entries.
1. Rules: Customer agrees to comply with and be bound by the Rules, as well as the terms of this Agreement, and any other applicable rules or regulations, including without limitation the Electronic Fund Transfer Act and Consumer Financial Protection Bureau’s Regulation E.
2. Transmittal of Entries by Customer: Customer shall transmit PPD (Prearranged Payments & Deposits) or CCD (Cash Concentration or Disbursement) credit or debit Entries to MPB and in compliance with the formatting and other requirements set forth in this Agreement.
ACH Service. The ACH Service will allow Customer to initiate credit and/or debit Entries through the Bank to accounts maintained at Bank and in other depository financial institutions by means of the ACH Network pursuant to the terms of this Agreement and the rules of the National Automated Clearing House Association (“NACHA”) and Bank’s operating rules and procedures for electronic entries, including any exhibits or appendices thereto now in effect, or as may be amended from time to time, (the "Rules"), and Bank is willing to act as an Originating Depository Financial Institution (“ODFI”) with respect to such Entries. Customer and Bank agree that Customer shall be and remain the Originator and Bank shall be the ODFI, as those terms are defined in the NACHA Rules. This Agreement sets forth the terms and conditions pursuant to which Bank will provide to Customer the ACH Services outlined herein. Customer hereby requests Bank to provide the Services described in this Agreement. By executing this Agreement and/or using the Services described in this Agreement, Xxxxxxxx accepts and agrees to all terms, conditions, and provisions of this Agreement and agrees that this Agreement sets forth the terms and conditions pursuant to which Bank will provide to Customer the ACH Service outlined herein. Terms not otherwise defined in this Agreement shall have the meaning ascribed to those terms in the Rules. The term "Entry" shall have the meaning provided in the Rules and shall also mean the data received from Customer hereunder from which Bank initiates each Entry.
