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

• Credits given by the Transfer Agent with respect to an ACH credit entry are provisional until the Transfer Agent receives final settlement for such entry from the Federal Reserve Bank.

• The only requirement is that you have an active checking or savings account at a financial institution that can accept Automated Clearing House (ACH) credit files and remittance information electronically.

• Credits given by ALPS with respect to an ACH credit entry are provisional until ALPS receives final settlement for such entry from the Federal Reserve Bank.

• Prime Trust reserves the right to limit, suspend, restrict (including increasing clearing periods) or terminate the use of ACH, credit card and/or debit card transactions at its sole discretion.

• Payroll costs are considered paid on the day that paychecks are distributed or the Borrower originates an ACH credit transaction.

More Definitions of ACH credit

ACH credit means the electronic transfer of funds cleared through the ACH system that is generated by the taxpayer instructing the taxpayer's bank to charge the taxpayer's account and deposit the funds to the Department's bank account.

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 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 a payment initiated by an Entity a Participating District that is cleared through the Automated Clearing House (ACH) network for deposit to the OEBB account;