ACH Entry definition

ACH Entry means any electronic funds transfer initiated through the ACH System resulting in a credit to a Designated Account (“Debit Entry”) or a debit to a Designated Account (“Credit Entry”); (b) “ACH System” means the automated clearinghouse or other system used for bulk file transfers; (c) “Entry Data” means instructions, data or other information transmitted or otherwise communicated to Bank as provided in this Service Description; and (d) “Rules” means the rules of NACHA – The Electronic Payments Association® (“NACHA”) and any applicable local ACH rules and regulations as in effect from time to time.
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ACH Entry. Refers to an Automated Clearing House Item.
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ACH Entry means any electronic funds transfer initiated through the ACH System resulting in a credit to a Designated Account (“Debit Entry”) or a debit to a designated account (“Credit Entry”);
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Examples of ACH Entry in a sentence

  • The Customer will deliver each same day ACH Entry (refer below for the definition of a “Qualifying Entry” for same day ACH) or file of same day ACH Entries to Bank no later than 12 p.m. Central Standard Time on the settlement date or in a schedule mutually agreed upon by Customer and Bank incorporated herein.

  • Customer acknowledges that the return of an ACH Entry is subject to dispute on the part of the Originator.

  • In the event PeopleGuru determines, in its sole discretion, not to terminate this Agreement following Customer’s failure to fully fund an ACH Entry to Customer’s Payroll Funding Account, Customer unconditionally agrees to immediately pay PeopleGuru upon demand the sum of any unfunded payroll plus all fees and charges as set forth in this Agreement (including any debit which is returned to PeopleGuru because of insufficient or uncollected funds or for any other reason).

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  • You have no right to cancel or amend any Entry Data or ACH Entry after it has been received by Bank.

  • The ACH Fraud Control Service works as follows: • Input ACH Entry total information into Bank’s OLBB ACH Fraud Control Service prior to the time of transmission of the ACH file.

  • You must notify Bank of any error, delay or other problem with any ACH Entry or funds transfers including unauthorized or incorrect transfers or debits as promptly as possible, within any required time parameters required by the Rules or otherwise, and in any case within thirty (30) days of the date you receive notice of the transfer through your Designated Account Statement or otherwise.

  • If your ACH Entry identifies any bank by both a name and an identifying number and the number identifies a bank different from the bank identified by name, Bank and any RDFI may rely solely on the identifying number.

  • In that instance, you are obligated to pay Bank the amount of the transfer originated by Bank on the basis of that ACH Entry.

  • If an ACH Entry is returned, Bank will credit or debit the Designated Account upon receipt by Bank.


More Definitions of ACH Entry

ACH Entry or “ACH Entries” means the electronic funds transfer disbursements which are originated by you under this Service Description; and (c) “Rules” mean the rules of the National Automated Clearing House Association (“NACHA”), applicable local ACH rules and regulations, and applicable law and regulations as in effect from time to time.
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ACH Entry means a credit or debit entry transmitted by ACH.
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ACH Entry means an order or request for withdrawal of money from Deposit Account of End User.
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ACH Entry means any electronic funds transfer initiated through the ACH System resulting in a credit to a Designated Account ("Debit Entry") or a debit to a designated account ("Credit Entry");1.4.1.2 "ACH System" means the automated clearinghouse or other system used for bulk file transfers;
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ACH Entry. An electronic item representing the transfer of funds via the ACH.
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ACH Entry means an electronic funds transfer payment instruction processed through the ACH Network in order to push a credit to a designated account or pull a debit from a designated account.
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Related to ACH Entry

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

  • ACH means automated clearing house transfers.

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

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

  • Completion Accounts means the consolidated balance sheet of the Group as at the Completion Date to be prepared in accordance with Schedule 8 (Completion Accounts);

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • 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.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

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

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

  • Excluded Deposits means (w) those deposit liabilities that are or would be considered “brokered deposits” for purposes of the rules and regulations of the FDIC, any of which, as of the date hereof, are listed on Exhibit 1.1(e)(i), (x) Escheat Deposits, (y) those deposit liabilities (i) related to a financial advisory relationship with Seller’s Xxxxxxx Xxxxx Wealth Management or US Trust divisions, (ii) related to a client managed relationship in Seller’s Business Banking, Middle Market, or Large Corporate divisions or any other non-retail division, (iii) linked to affinity relationships or programs set forth on Exhibit 1.1(e)(iii) (and such Exhibit 1.1(e)(iii) shall be updated by Seller as of 5:00 p.m., Eastern time, on the date that is five (5) Business Days prior to the Closing Date (and delivered to Purchaser on or before the date that is three (3) Business Days prior to the Closing Date), or (iv) that constitute security for loans that are not to be transferred to Purchaser under the terms of this Agreement, and (z) those deposit liabilities that have been opened by an employee (other than a Transferred Employee) or former employee of Bank of America Corporation.

  • 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.

  • 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.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • ACH Transactions means any cash management or related services (including the Automated Clearing House processing of electronic fund transfers through the direct Federal Reserve Fedline system) provided by a Bank Product Provider for the account of Borrower or its Subsidiaries.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Voice Initiated Funds Transfer Instruction means any Voice Initiated Redemption or Voice Initiated Election.For the purposes of these definitions, the singular includes the plural and the plural includes the singular, unless otherwise indicated. General Exclusions - Applicable to All Insuring Clauses2. This bond does not directly or indirectly cover:a. loss not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;b. loss due to riot or civil commotion outside the United States of America and Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;c. loss resulting from the effects of nuclear fission or fusion or radioactivity;d. loss of potential income including, but not limited to, interest and dividends not realized by the ASSURED or by any customer of the ASSURED;e. damages of any type for which the ASSURED is legally liable, except compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;f. costs, fees and expenses incurred by the ASSURED in establishing the existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;g. loss resulting from indirect or consequential loss of any nature; General Exclusions - Applicable to All Insuring Clauses(continued)h. loss resulting from dishonest acts by any member of the Board of Directors or Board of Trustees of the ASSURED who is not an Employee, acting alone or in collusion with others;

  • 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.

  • Verification Report As defined in Section 4.19.

  • Customer Deposits means deposits made by customers with respect to the purchase of goods or the performance of services.

  • Collection site means the location of waste containers on collection day.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.