ACH Debit Entry definition

ACH Debit Entry means an electronic instruction requesting the withdrawal of funds from your account through ACH.
Sample 1Sample 2Sample 3
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 affect any transactions on your Account.
Sample 1Sample 2
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.
Sample 1

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.

  • You must also settle with the Bank the amount of each ACH Debit Entry returned by a Receiving Depository Financial Institution (“RDFI”) or ACH Debit Entry that the Bank dishonors.


More Definitions of ACH Debit Entry

ACH Debit Entry. An electronic instruction requesting the withdrawal of funds from your account through ACH.
Sample 1

Related to ACH Debit Entry

  • ACH means automated clearing house transfers.

  • 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;

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

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

  • Debit Card Transaction means an electronic payment using a Card for the purchase of goods or services (which can include payment for CashBack), by a Cardholder, to a Retailer displaying the Visa logo and/or who is in the Visa Scheme.

  • 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.

  • 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.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • 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.