ACH Account definition

ACH Account means the deposit Account Company designates to be debited or credited in order to offset the debit and credit Entries Company originates.

ACH Account means the account designated in writing by Borrower and Agent as the ACH Account for purposes of this Agreement in the name of Borrower maintained at Bank.

ACH Account means each Deposit Account designated by Customer for access using the ACH Service in the ACH Service section of the Enrollment Form, and as otherwise permitted by Bank from time to time, and also means all of such ACH Accounts collectively. Bank may, without prior notice of demand, obtain payment of any amount due and payable to it under this ACH Addendum by debiting any ACH Account and shall credit such ACH Account for any amount received by Bank by reason of the return of an Entry transmitted by Bank for which Bank has previously received payment from Customer. Such credit shall be made as of the day of such receipt by Bank.

Examples of ACH Account in a sentence

• To use your ACH Account, you must agree to the terms set forth in the Stride Bank Demand Deposit Account Agreement provided by Stride Bank (“Stride Account Agreement”).

• All U.S. regulatory obligations associated with the movement of, and holding of, U.S. Dollars in connection with each ACH Account are the responsibility of Stride Bank.

• U.S. Dollars in your ACH Account are insured up to $250,000 per depositor by the FDIC in accordance with applicable law in the event Stride Bank fails if specific insurance deposit requirements are met.

• WT Digital Movement maintains an agreement with Stride Bank whereby Stride Bank provides the services associated with the provision of each ACH Account.

• You may fund your Wallet by sending U.S. Dollars from a valid External Account to your ACH Account as set forth in Appendix 1.

More Definitions of ACH Account

ACH Account means your business account to which Entries will be credited or debited.

ACH Account shall have the meaning given to such term in the Servicing Agreement.

ACH Account means the deposit account established by Servicer for the benefit of the lenders in the GreenSky® Program at Fifth Third Bank or such other financial institution customarily utilized by Servicer with respect to other lenders and approved by Buyers (which approval will not unreasonably be withheld or delayed), to which the Borrowers are instructed to remit ACH payments on the Loans.

ACH Account. The account established pursuant to the ACH Agreement by the Issuer at the ACH Bank in the name of the Indenture Trustee for the sole benefit of the Noteholders for receipt of ACH credits related to the Lease Receivables.

ACH Account. The account, if any, established by the Transferor for the sole benefit of the Certificateholders and MBIA pursuant to Section 12.02(f) hereof and in compliance with Section 3.03(d) of the Servicing Agreement, into which account shall be deposited payments related to the Lease Receivables and as to which account the Trustee shall have the sole ability to withdraw funds.

ACH Account. Any account maintained by an ACH Bank into which account shall be deposited electronic debit payments related to the Receivables.

ACH Account means an Account designated by the Customer for any ACH transaction. “ACH Operator” means the Federal Reserve Bank that provides ACH clearing services.