ACH Debit Entry definition

ACH Debit Entry means an electronic instruction requesting the withdrawal of funds from your account through ACH.
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ACH Debit Entry. Refers to an Automated Clearing House Item that results in a debit to your Account. Affiliate: Refers to a company we own or control, a company that owns or controls us, or a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control. Authorized Signer: Refers to any person whose signature appears on the Master Deposit Agreement covering an Account or whom you authorize with or without our knowledge to effect any transactions on your Account.
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ACH Debit Entry means an electronic instruction sent by you ( “Originator”) through us as ODFI to the RDFI of the party from who you are requesting payment to pay an amount from the Receiver’s deposit account, based on a prior authorization given by the Receiver to you.
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Examples of ACH Debit Entry in a sentence

  • Customer authorizes Xpress to initiate an electronic ACH Debit Entry from Customer’s bank account provided in Exhibit C on or about the 5th day of each month for the amount of all Fees that accrued during the prior month for any service, support, or maintenance Fee that is due as described in Exhibit A.

  • Prior to the Service detecting and creating unauthorized ACH Debit Entry Exception(s), Company shall create and maintain Company Rules by using Login Credentials to access the System.

  • You acknowledge and agree that this rule has a sixty (60) day return timeframe from the Settlement Date of the respective ACH Debit Entry.

  • If an unauthorized ACH Credit Entry or ACH Debit Entry posts to Company’s Authorized Account, Company Rules determine if an ACH Credit Entry Exception or ACH Debit Entry Exception will be created.If Company creates a Rule in the System to monitor for a specific Credit Entry or Debit Entry and chooses the value, Email Notification Only, Company will receive an email notification, but no ACH Credit Entry Exception or ACH Debit Entry Exception will be created.

  • If our ACH Debit Entry to your Account for your federal taxes is returned for any reason, the ACH Debit Entry from the taxing authority to the impound account may be returned, and you may be subject to fees and penalties.

  • Under certain rules afforded by the NACHA Operating Rules, you may have rights and responsibilities to return an ACH Debit Entry as revoked or unauthorized.

  • For federal Tax Payments, we originate an ACH Debit Entry to your designated Account for credit to an impound account maintained by us.

  • Under such circumstances, a written notice to you is not required in accordance to the NACHA Operating Rules as long as the ACH Debit Entry is within the agreed upon range.

  • Such notice must be sent to you within 10 calendar days from the date on which the ACH Debit Entry is scheduled to take place.

  • You agree that we will not be liable to you if you provide us with any incorrect information, or if you request a stop payment on an ACH Debit Entry or Recurring Electronic Transfer we have already paid.


More Definitions of ACH Debit Entry

ACH Debit Entry. An electronic instruction requesting the withdrawal of funds from your account through ACH.
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Related to ACH Debit Entry

  • 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 means automated clearing house transfers.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Collection Accounts As defined in Section 3.10(a).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • EFT means electronic funds transfer.

  • Cash Management Order means the Final Order (A) Authorizing the Debtors to (I) Continue Using Their Existing Cash Management System, (II) Maintain Existing Bank Accounts and Business Forms, and (III) Continue Using Certain Investment Accounts; (B) Authorizing Continued Intercompany Transactions and Netting of Intercompany Claims; and (C) Granting Postpetition Intercompany Claims Administrative Expense Priority [D.I. 801].

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • ACH Transfer ACH Transfer: Credit and Collections: Credit and Collections:

  • CREFC® Advance Recovery Report A monthly report substantially in the form of, and containing the information called for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Credit Card Advance Rate means 90%.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.