DAY ENTRIES. Subject to Bank’s approval, the ACH Service permits Client to elect to have Client’s ACH Entry originated on a “same-day” basis, for settlement on the same day as the Effective Entry Date. Eligible ACH Entries received on a business day by the applicable cutoff hour for same-day Entries, will be treated as a “same-day” ACH Entry. For this purpose “
DAY ENTRIES. A Credit or Debit Entry with an Effective Entry Date of the date of or a date prior to the date of the transmission of the Entry or File to Financial Institution and received by Financial Institution prior to the applicable cut-off time set forth in Schedule B shall be considered a Same Day Entry. Prior to March 20, 2020, the Rules imposed a per-transaction Entry limit of $25,000. Effective March 20, 2020, the per-transaction Entry limit increased to $100,000. Effective March 18, 2022, the per-transaction Entry limit was further increased to $1,000,000. Entries above the amount allowed in the Rules are not eligible for Same Day ACH processing. In addition to any other fees that Member Client is obligated to pay Financial Institution, Member Client hereby agrees to pay Financial Institution the Same Day Entry fee established by Financial Institution from time to time for Same Day Entries transmitted to Financial Institution by Member Client. Signature Page Follows
DAY ENTRIES. A Credit or Debit Entry with an Effective Entry Date of the date of the transmission of the Entry or File to Bank and received by Bank prior to 12:00pm PT shall be considered to be a Same Day Entry. Entries above $1,000,000 are not eligible for Same Day ACH processing. In addition to any other fees that Customer is obligated to pay Bank, Customer hereby agrees to pay Bank the Same Day Entry fee established by Bank from time to time for Same Day Entries transmitted to Bank by Customer (the “Same Day Fee”). For the avoidance of doubt, if Customer submits an Entry as a Same Day Entry in error, Customer shall be liable for the Same Day Fee and for any other liabilities or losses associated with the erroneous or unauthorized initiation of an Entry on a same day basis, including but not limited to, the debiting of an account prior to the date on which such account should have been debited.
DAY ENTRIES. A Credit or Debit Entry with an Effective Entry Date of the date of or a date prior to the date of the transmission of the Entry or File to Bank and received by Bank prior to the applicable cut-off time set forth in Schedule B shall be considered to be a Same Day Entry. IAT and Entries above $25,000 are not eligible for Same Day ACH processing. In addition to any other fees that Business Entity is obligated to pay Bank, Business Entity hereby agrees to pay Bank the Same Day Entry fee established by Bank from time to time for Same Day Entries transmitted to Bank by Business Entity. Please see the EXTRACO BANKS TREASURY MANAGEMENT MASTER DISCLOSURE AGREEMENT - Treasury Management Fee Schedule for Same Day ACH pricing.
DAY ENTRIES. A Credit or Debit Entry with an Effective Entry Date of the date of or a date prior to the date of the transmission of the Entry or File to Financial Institution and received by Financial Institution prior to the applicable cut-off time set forth in Schedule B shall be considered a Same Day Entry. Prior to March 20, 2020, the Rules imposed a per-transaction Entry limit of $25,000. Effective March 20, 2020, the per-transaction Entry limit increased to $100,000. Effective March 18, 2022, the per-transaction Entry limit was further increased to $1,000,000. Entries above the amount allowed in the Rules are not eligible for Same Day ACH processing. In addition to any other fees that Third-Party Sender is obligated to pay Financial Institution, Third-Party Sender hereby agrees to pay Financial Institution the Same Day Entry fee established by Financial Institution from time to time for Same Day Entries transmitted to Financial Institution by Third-Party Sender. Signature Page Follows Effective December 7, 2022 15
DAY ENTRIES. A Credit or Debit Entry with an Effective Entry Date of the date of or a date prior to the date of the transmission of the Entry or File to the Institution and received by the Institution prior to the applicable Same-Day ACH cut-off time may be sent as a Same-Day Entry. The Institution does not generally send Same-Day Entries on a daily basis. As such, the Company must notify the Institution according to the contact information in Schedule A for approval prior to sending Entries for Same-Day processing. If the Institution elects to approve the Entries for Same-Day processing, it shall not be considered a waiver of the Institution’s rights to refuse to do so at any other time nor shall it be an agreement by the Institution to send Same-Day Entries for the Company on a daily basis. The Rules impose a per-transaction Entry limit of $100,000. Entries above the amount allowed in the Rules are not eligible for Same-Day ACH processing. In addition to any other fees that the Company is obligated to pay the Institution, the Company hereby agrees to pay the Institution the Same-Day Entry fee established by the Institution from time to time for Same-Day Entries transmitted to the Institution by the Company. The cut-off time for delivery of Same-Day Entries from the Company to the Institution is specified in Schedule A). Agreement Acknowledgements and Signatures I UNDERSTAND THAT THIS AGREEMENT IS BINDING BETWEEN CACHE VALLEY BANK AND THE COMPANY. AUTHORIZED AGREEMENTS ARE SUBMITTED TO CACHE VALLEY BANK AND ARE EFFECTIVE UPON APPROVAL BY CACHE VALLEY BANK. Company Authorization *Company Corporate Official's Name & Title (Print Name): X *Company Corporate Official's Signature: Date (MM DD/YYYY): X Cache Valley Bank Approval Authorized Bank Officer (Print Name): X Authorized Bank Officer Signature: Date (MM DD/YYYY): X *The "Company Corporate Official" above MUST be authorized to bind the entity [company] in a contractual agreement. If any requests are denied, a bank representative will call to let you know. FOR OFFICE USE ONLY ►Initial Employee Contacted – complete the following: Yes N/A Employee Date • Existing Online User: the “Cash Mgmt. Agreement – Addendum” is not needed. However, is there an original “Online Banking Bus App – Cash Mgmt. Agreement” on file? (It is REQUIRED.) • ACH Agreement signed & dated by appropriate company & bank officials (signature verified). • ACH Agreement Delivered to: Q2 Central Personnel OR E-mailed to: xxxxxxxxxxxxxxxxx@xxxxxxxxxxxxxx...
DAY ENTRIES. A Credit or Debit Entry with an Effective Entry Date of the date of or a date prior to the date of the transmission of the Entry or File to Bank and received by Bank prior to the applicable cut-off time set forth in Schedule B shall be considered to be a Same Day Entry. IAT and Entries above $25,000 are not eligible for Same Day ACH processing. In addition to any other fees that Business Entity is obligated to pay Bank, Business Entity hereby agrees to pay Bank the Same Day Entry fee established by Bank from time to time for Same Day Entries transmitted to Bank by Business Entity. Please see the EXTRACO BANKS TREASURY MANAGEMENT MASTER DISCLOSURE AGREEMENT - Treasury Management Fee Schedule for Same Day ACH pricing. **Please note that if Business Entity would like Same Day payments, the Effective Date in the file must be for that day. Please make sure your Effective Date is for the intended date of payment. Schedule B ODFI Processing Schedule Consumer & Business ACH Debit Transactions Deadline: 2:00pm CST Day of Delivery: 1 Banking Business Day Prior to Effective Entry Date Consumer & Business ACH Credit Transactions Deadline: 2:00pm CST Day of Delivery: 1-2 Banking Business Days Prior to Effective Entry Date Consumer & Business SAME DAY ACH Credit / Debit Transactions Deadline: 12:30pm CST to meet the 1:45pm Fed Deadline 2:30pm CST to meet the 3:45pm Fed Deadline Day of Delivery: Same Day **Please note that if Business Entity would like Same Day payments, the Effective Date in the file must be for that day. Please make sure your Effective Date is correct. Schedule F Exposure Limit Disclosure Credit Origination: Maximum File Value Maximum Entry Value Maximum Per Day Debit Origination: Maximum File Value Maximum Entry Value Maximum Per Day Overall: Maximum Monthly Aggregate Credits Maximum Monthly Aggregate Debits Frequency Note: ACH Exposure limits are subject to periodic review by the Bank which may or may not result in an increase (or decrease) of established limits. EXTRACO BANKS TREASURY MANAGEMENT MASTER AGREEMENT POSITIVE PAY / ACH POSITIVE PAY / REVERSE POSITIVE PAY SERVICES AGREEMENT Extraco and Business Entity agree that Business Entity has requested Extraco to provide Positive Pay/ACH Positive Pay/Reverse Positive Pay Services and Extraco has agreed to provide such services in accordance with the terms and conditions in this Agreement. Therefore, Extraco and Business Entity agree as follows: DEFINITIONS
