Returned Entries. We will notify you by email or via the Online Banking Services of the receipt of a returned entry from the Federal Reserve no later than one (1) business day after the business day of such receipt. We will have no obligation to re-transmit a returned entry if we complied with the terms of this Agreement with respect to the original entry. You agree not to exceed ninety five percent (95%) of any thresholds set forth in the Rules for returns on the basis that the Transaction was unauthorized, returns for administrative reasons, or all returns regardless of the cause in any thirty (30) day period. You further agree not to exceed one-half percent (0.5%) returns on the basis that the Transaction was unauthorized in any thirty (30) day period irrespective of whether any NACHA thresholds have been exceeded. Returns on the basis that the transaction was unauthorized will be assigned a NACHA return status of R07 (“authorization revoked by customer”), R10 (“customer advises not authorized”), or R29 (“corporate customer advises not authorized”). We reserve the right to limit, suspend, or terminate your ACH Origination Service privileges for any violation of this section.
Returned Entries. PROCESSOR will apply returned Entries to CUSTOMER’s account when they are received in accordance with the Rules. CUSTOMER is solely responsible for payment of any and all returned Entries. CUSTOMER acknowledges that PROCESSOR has the right to establish return rate thresholds, which may be changed from time to time. PROCESSOR has the right to immediately suspend processing and terminate this Agreement if returns exceed the established threshold.
Returned Entries. Bank shall use its best efforts to notify Customer of the receipt of Entries returned from the ACH or of any notification of change (“NOC”). Such notification may be given by phone, electronic transmission, or any other commercially reasonable means within a reasonable time after the Business Day on which Bank receives such returned Entries or NOC. Bank shall have no obligation to retransmit or re- execute any returned Entry. Customer agrees to check for returns and notifications of changes at least once a day.
Returned Entries. Xpress will apply returned Entries to Customer’s account when they are received. All returns will be processed and available through Xpress software or by other means as agreed to by Xpress and the Customer. With respect to each Notification of Change (“NOC”) Entry or Corrected Notification of Change (“Corrected NOC”) Entry transmitted by Xpress, the parties shall ensure that changes requested by the NOC or Corrected NOC are made by, or on behalf of, the Customer within six (6) banking days of Xpress receipt of the NOC information from the ODFI or prior to initiating another Entry to the Receiver’s account, whichever is later.
Returned Entries. We will use mutually agreed upon means to notify you of receipt of a returned Entry. We will have no obligation to re-transmit a returned Entry, unless we have agreed otherwise in writing. We will credit the Account(s) for any amount received by us by reason of the return of any Entry transmitted by us for which we have previously received payment from you.
Returned Entries. You shall promptly provide immediately available, fully collected funds to reimburse us for any debit Entry which is rejected or any adjustment Entry which is received by us after we have permitted you to withdraw funds in the amount thereof. You shall pay us interest on the amount of any such returned debit or adjustment Entry at the rate specified in the Account Disclosures between us and you with respect to overdrafts. We reserve the right to require you to deposit funds to be held by us in one of your ACH Accounts or in a separate Account held by and pledged to us for the purpose of paying for returned Entries or adjustment Entries, in the event that we determine, in our sole discretion, that such amount or Account is necessary due to a larger-than-usual number of returned Entries or adjustment Entries, or other adverse conditions with respect to you or Entries initiated by you. We shall have no obligation to re-transmit a returned Entry, and you agree not to reinstate Entries that have been returned except as permitted by the Rules.
Returned Entries. Alloya shall notify Member by e-mail or other means of the receipt of a returned Entry from the ACH Operator. Alloya shall provide Member all information with respect to each NOC Entry received by Alloya relating to Entries transmitted by Member. Alloya will provide such information to Member within two (2) banking days of the Settlement Date of each NOC Entry. Member shall ensure that changes requested by the NOC are made within six (6) banking days of Member’s receipt of the NOC information from Alloya or prior to initiating another Entry to the Receiver's account, whichever is later.
Returned Entries. Except for an entry or file retransmitted by Company in accordance with the requirements of this Service Description, Bank will have no obligation to retransmit a returned entry or file to the ACH or gateway operator if Bank complied with the terms of this Service Description with respect to the original entry or file.
Returned Entries. Company acknowledges that Entries initiated into the ACH Network may be returned for any reason, subject to limited exceptions. Processor shall notify Company of the receipt of a returned Entry, or Entries, from the ACH Operator no later than one business day after the business day of such receipt, and shall credit or debit such Entries to Company’s account or deduct such Entries from Company’s funds held by Processor. Company will provide collected funds to indemnify Processor if any debit is returned after Processor has credited funds to Company’s account. Processor may, but shall have no obligation to re-transmit a returned Entry.
Returned Entries. Bank shall notify you by either phone or electronic transmission, (including email) of the receipt of a returned Entry from the ACH operator no later than one business day after the business day of such receipt. Except for an Entry retransmitted by you in accordance with the requirements in Section I, Transmittal of Entries by You, Bank shall have no obligation to retransmit a returned Entry to the ACH operator if the Bank complied with the terms of this Section with respect to the original Entry. You will not reinitiate a returned Entry unless: • the Entry has been returned for insufficient or uncollected funds and re-initiation occurs within 180 days of the settlement date of the original entry or • the Entry has been returned for stopped payment and re-initiation has been authorized by the receiver The Bank may terminate this Agreement if the volume of returned Entries is determined by the Bank in its sole discretion to be excessive.
