We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

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

  • The authorization must be in a form acceptable to us, must be readily identifiable as either an ACH credit or an ACH debit authorization, and must clearly and conspicuously state the terms of the authorization in order that the consumer or customer understands the authorization to which he or she is agreeing.


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 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;
ACH credit means an electronic funds transfer: Generated by a licensee, and