ACH debit definition

ACH debit means the EFT payment option in which the payer initiates the transfer of funds by authorizing the depart- ment’s depository bank to transfer the payment amount from the payer’s account.

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ACH debit means any completed or attempted debit to a Person’s account at a financial institution that is processed electronically through the Automated Clearing House Network.

ACH debit means an electronic transfer of funds initiated by Rhode Island Division of Taxation, upon taxpayer instruction, to debit a taxpayer's designated bank account and credit funds to a designated State of Rhode Island bank account.

Examples of ACH debit in a sentence

• A Stop Payment Order on an ACH debit will remain in effect until the earlier of 1) your withdrawal of the Stop Payment Order, or 2) the return of the debit entry, or, where a Stop Payment Order is applied to more than one debit entry under a specific authorization involving a specific payee (Originator), the return of all such debits.

• If there is a deterioration in your credit rating or if there is an increase in your usage, to continue receiving Service with Company, you may be required to promptly provide cash escrow or deposit, establish an ACH debit relationship with Company, or provide other reasonable assurances to Company to establish your credit worthiness.

• Requests to stop all future payments on an ACH debit transfer may require additional documentation to be supplied to us.

• If on any day the available funds in your checking account are not sufficient to cover checks and other items (ACH, debit card or ATM card transactions) posted to your account, those checks and items will be handled in accordance with our overdraft procedures and the terms of this Agreement.

• Merchant authorizes Purchaser to debit an Authorized Account on each Remittance Day, by initiating an ACH debit entry or by creating a remotely created check or electronically created item, in the amount of each Remittance.

More Definitions of ACH debit

ACH debit means an electronic transfer of funds from a payor’s account, as indicated on a signed authorization agreement, that is generated at a payor’s instruction on AZTaxes.gov and cleared through an ACH for deposit to the Department account.

ACH debit means an Automated Clearing House debit by a Collecting Bank.

ACH debit means an electronic payment where the electronic transfer of funds from the taxpayer's account at a financial institution is initiated either through the Data Collection Center or online (bank draft) upon the taxpayer's instruction and is cleared through the ACH for deposit to the North Carolina Department of Revenue.

ACH debit means any completed or attempted debit to a Person’s account

ACH debit means the electronic funds transfer payment method where transactions are generated by the Department upon the taxpayer's instruction and cleared through the ACH system for deposit to the State Treasury.

ACH debit means an electronic transfer of funds from a payer’s account:

ACH debit means the payment of funds by electronic means electronic transfer of funds from the taxpayer’s account which is generated upon the taxpayer’s instruction and cleared through the ACH for deposit to the State Treasury.