Posting Order. We post non-ACH transactions when and in the order we receive them. With regard to ACH transactions, which can be credits or debits, you have the ability to initiate ACH transactions both through One (“One-initiated ACH”) and outside of One (“One-received ACH”). We post One-initiated ACH transactions as follows: debits post in real-time, and credits generally post by the end of the third Business Day. We post One-received ACH transactions on a rolling basis as follows: in each batch, credits post first, by high to low dollar amount, and then debits post, by high to low dollar amount, unless otherwise specified by a transaction effective date.
Appears in 4 contracts
Samples: Accounts Agreement, One Spend and Save Accounts Agreement, Spend and Save
