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.
Sample 1Sample 2Sample 3
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”);
Sample 1Sample 2Sample 3
ACH Entry. Refers to an Automated Clearing House Item.
Sample 1Sample 2Sample 3

Examples of ACH Entry in a sentence

  • However, we shall use reasonable efforts to act on a request by you to cancel an ACH Entry before transmitting it or crediting an on-us ACH Entry.

  • You may not initiate an ACH Entry after the termination or revocation of a consumer's authorization.

  • If evidence of the account owner's authorization is not delivered timely, or the evidence does not give us a reasonable basis for determining that an ACH Entry was authorized and without error, or if any alleged error did occur, we may charge you for the amount of the alleged error and for any penalty imposed on us.

  • If the RDFI does not accept a Reversing Entry, we will have no further obligations to you with respect to such ACH Entry.

  • In doing so, you warrant that you have initiated the ACH Entries within five Business Days of the original ACH Entry or ACH Entries and within 24 hours of discovery of the error.

  • If you transmit an ACH Entry to us exceeding the maximum limits, we shall have no obligation to accept such ACH Entry and will have no liability for any failure to process such ACH Entry.

  • You shall have no right to cancel or amend any ACH Entry after we receive it.

  • You agree to comply with and be bound by the Rules in their current form at the time of the ACH Entry, which such Rules may be amended from time to time.

  • Before you initiate the first ACH Entry to an account, you shall obtain proper authorization from the account owner in accordance with the Rules and applicable law.

  • We will process and submit ACH Entries by the applicable deposit deadline under the Rules if: (a) the ACH Entries are received in form and substance acceptable to us and in accordance with the Security Procedures by the cut-off time we establish in our sole discretion from time to time, (b) the ACH Entry date on the file satisfies the criteria we establish in our sole discretion from time to time, and (c) the Federal Reserve Bank is open for business on such day.


More Definitions of ACH Entry

ACH Entry means a credit or debit entry transmitted by ACH.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1
ACH Entry means an order or request for withdrawal of money from Deposit Account of End User.
Sample 1
ACH Entry. An electronic item representing the transfer of funds via the ACH.
Sample 1

Related to ACH Entry

  • 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 has the meaning given in paragraph 1 of Schedule 4;

  • 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.

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

  • 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.

  • 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 Parent 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 all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Verification Report As defined in Section 4.19.

  • 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.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.