ACH debit definition

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

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.

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

• All fees, charges and expenses incurred by either Party due to rejected electronic checks, failed ACH debit attempts, overdrafts or rejections by Seller’s banking institution shall be the sole responsibility of the Seller.

• Customer agrees that all payments will be made via automatic ACH debit by Athelas, as set forth in the Terms of Agreement, and to sign any additional authorization required to permit automatic ACH debit.

• Item A single transaction: for example, ACH debit, funds transfer, wire transfer, fee, or deposit.

• Charter School agrees to make payment of all Base Rent and Additional Rent to Foundation or its Assignee from legally available funds by an ACH debit according to the requirements of Section 5.6 hereof.

• 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.

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 any completed or attempted debit to a Person’s account

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 the electronic transfer of funds cleared through the ACH system that is generated by the taxpayer instructing the Department, using the Department's telephonic or Internet Paperless Filing and Payment system, to charge the taxpayer's bank account and deposit the funds to the Department's bank account. See Rule 810-13-1-.10 entitled Procedures for ACH Debit Payment Method.

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.

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

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