ACH Exception definition

ACH Exception means either an ACH Credit Entry Exception or ACH Debit Entry Exception.
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ACH Exception means an Entry that does not match the Filtering Rules.
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Examples of ACH Exception in a sentence

  • In some cases, Client may correct an Exception Item or ACH Exception after researching a discrepancy.

  • Business Entity shall review and specify which exceptions Business Entity decides to pay or return and provide an electronic decision of the ACH Exception Item through Extraco’s E-Business service no later than 10:30 AM CST of the same day the ACH Exception Item Report is received.

  • Extraco may finally pay and charge to the Authorized Account any ACH Exception Item provided that Business Entity has not objected to such payment in a timely Return Request.

  • Business Entity agrees to promptly review and verify the Exception ACH Item Report and submit a timely Return Request to Extraco as provided in this Agreement for any ACH Exception Items the Business Entity objects to pay.

  • Extraco will identify all ACH Exception Items on an ACH Exception Item Report.

  • The Bank will make reasonable efforts to make ACH Exception Reports available to Customer on each business day that ACH Debit and Credit Entries are received against Customer’s account.

  • ACH Excluded Items are specifically excluded from ACH Items and ACH Exception Items, and will post to the Authorized Account so long as funds are available in the Authorized Account.

  • Extraco then will process the ACH Exception Item in question according to the instructions provided by the Business Entity, if any.

  • Items that meet the Block criteria will be presented as an ACH Exception.

  • We may charge an ACH Exception Fee if you provide third parties with incorrect account information related to an incoming ACH transfer.

Related to ACH Exception

  • Permitted Exception means (a) liens for Taxes and other governmental charges and assessments which are not yet due and payable, (b) liens of landlords and liens of carriers, warehousemen, mechanics and materialmen and other like liens arising in the ordinary course of business for sums not yet due and payable, (c) other liens or imperfections on property which are not material in amount or do not materially detract from the value or the existing use of the property affected by such lien or imperfection, (d) such statements of fact and exceptions shown on any title insurance policies delivered to Global.

  • Clearing Exception means an exception from the clearing requirement set forth in Section 2(h)(1) of the Act because one counterparty to the transaction is entitled to the exception from the clearing requirement set forth in Section 2(h)(7) of the Act, CFTC Regulations or CFTC Staff No- Action Letters.

  • Title Objection shall have the meaning assigned thereto in Section 8.5.

  • Title Defects has the meaning set forth in Section 5.15(b).

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).