ACH credit definition

ACH credit means the EFT payment option in which the payer initiates the transfer of funds by authorizing the payer’s financial institution to transfer the payment amount to the depart- ment’s depository bank.
ACH credit means an electronic transfer of funds using the ACH network that is originated by a taxpayer through its financial institution to credit (deposit) funds to a designated State of Rhode Island bank account and debit (withdraw) funds from the taxpayer's bank account for a specified payment amount.
ACH credit means an electronic payment where the electronic transfer of funds is initiated by a taxpayer and is cleared through the ACH for credit to the North Carolina Department of Revenue.

Examples of ACH credit in a sentence

  • Customer is also responsible for paying any and all fees, including ACH, credit card, or bitcoin (BTC) transaction fees.

  • The Credit Union may accept an ACH credit to return an account to active status, and the receipt of an ACH credit may be accepted as a request to re-open, re-activate, and/or return a membership to good standing.

  • Funds received electronically through ACH credit, deposits of cash, wire transfers, and the first $6,725 of a day’s total deposits of cashiers, certified, tellers, travelers, and federal, state, and local government checks will be available on the first business day after the day of deposit if the checks are payable to you.

  • Funds received electronically through an ACH credit, deposits of cash, wire transfers, and the first $5,525 of a day’s total deposits of cashiers, certified, tellers, travelers, and federal, state, and local government checks will be available on the first business day after the day of deposit if the checks are payable to you.

  • Each ACH credit transfer shall be received by SBC-12STATE no later than the Bill Due Date of each bill or Late Payment Charges will apply.


More Definitions of ACH credit

ACH credit means an electronic funds transfer generated by a payor, cleared through an ACH for deposit to the Department account.
ACH credit means the electronic transfer of funds generated by a Clerk, cleared through the ACH for deposit to the State Treasury.
ACH credit means an electronic funds transfer:
ACH credit means the electronic funds transfer payment method where transactions are initiated and generated by the taxpayer, cleared through the ACH system for deposit to the State Treasury.
ACH credit means an electronic funds transfer: Generated by a licensee, and
ACH credit means the payment of funds by electronic means by the taxpayer, cleared through the Automated Clearing House for deposit to the State Treasury.
ACH credit means the payment of funds by electronic means electronic transfer of funds generated by the taxpayer, cleared through the ACH for deposit to the State Treasury.