Future Dated ACH Origination Sample Clauses
The Future Dated ACH Origination clause allows parties to schedule Automated Clearing House (ACH) transactions to be initiated on a specified future date rather than immediately. In practice, this means a business or individual can authorize a payment or transfer to occur at a later time, such as scheduling payroll deposits or recurring bill payments in advance. This clause provides flexibility in managing cash flow and ensures that payments are made on time, reducing the risk of missed or late transactions.
Future Dated ACH Origination. The Customer will deliver each Entry or file of Entries to Bank no later than 7 p.m. Central Standard Time on the day set forth below for credit or debit entries or in a schedule mutually agreed upon by Customer and Bank incorporated herein. All Entry information so delivered shall be in the medium required by the Bank and the format required by the Rules. For purposes of this Agreement, a Banking Day is every day on which the Bank is open to the public for purposes of carrying on substantially all of our business, except Saturdays, Sundays, and holidays that are observed by the Federal Reserve Bank.
Future Dated ACH Origination. The Customer will deliver each Entry or file of Entries to Bank no later than the established Cut-Off Time. All Entry information so delivered shall be in the medium required by the Bank and the format required by the Operating Rules. Unless otherwise agreed by Bank in writing: