ACH Network definition

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

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

ACH Network means the funds transfer system (network) governed by the Operating Rules providing for the inter-financial institution clearing of electronic entries for participating financial institutions.

Examples of ACH Network in a sentence

• This Service allows Company to originate debit and credit Entries to Receiver Account(s) by means of the ACH Network.

• Without limiting SkyFi’s rights to terminate or suspend your access to the Services under the SkyFi Services Agreement, SkyFi may also terminate or suspend your access to the ACH Network for your violation of the Nacha Operating Rules, including if an ODFI Bank requires your suspension or termination, or if you exceed acceptable limits on returns.

• Nested Third Party Senders: You must not submit ACH Network Transactions as a Nested Third Party Sender (as defined in the Nacha Operating Rules) through the SkyFi Payments Services.

• SkyFi may suspend or terminate your access to the ACH Network immediately if you fail to provide information or documentation requested.

• By agreeing to use the ACH Services, you appoint us to act as your originating bank in order to transmit debit and/or credit Entries (i.e., requests on prescribed media and format for the transfer of money to and from the accounts of bank depositors (“Receivers”) maintained at banks participating in the ACH Network (“ACH Network”) (each, a “Participant”)) initiated by you (as an “Originator”) to the ACH Network as provided in the ACH Rules and this Agreement.

More Definitions of ACH Network

ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions. "Transaction Account" is a transaction account (checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information) from which your payments as a Sender will be debited, any Service fees will be automatically debited, or to which payments and credits to you will be credited. "Transfer Instruction" is the information provided by the Sender to the Service for a transfer or payment to be made to a Receiver (name, mobile telephone number, email address, and financial institution account and routing number information, etc.).

ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions. “Eligible Transaction Account” is a transaction account (checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information) from which your payments as a Sender will be debited, any Zelle Service fees will be automatically debited, or to which payments and credits to you will be credited. “Payment Instruction” is the information provided by the Sender to the Zelle Service for a payment to be made to a Receiver (such as, but not limited to, name, mobile telephone number, email address, and bank account and routing number information).

ACH Network means the funds transfer system, governed by the National Automated Clearing House Association Rules, that provides funds transfer services to participating financial institutions. "Affiliates" are companies related by common ownership or control. "Business Day" is every Monday through Friday, excluding Federal Reserve holidays or other days that banks are legally closed.

ACH Network or “Automated Clearing House Network” is a batch processing, store- and-forward system that accumulates and distributes ACH Transactions that are received from ODFI (defined below) and are forwarded to the specified RDFI (defined below) according to the specific schedules established by the participants.

ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions. "Affiliates" are companies related by common ownership or control. "Business Day" is every Monday through Friday, excluding Federal Reserve holidays or other days that banks are legally closed. "Eligible Transaction Account" is a transaction account from which your payments will be debited, your Service fees, if any, will be automatically debited, or to which payments and credits to you will be credited, that is eligible for the Service. Depending on the Service, an Eligible Transaction Account may include a checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information. "Payment Instruction" is the information provided for a payment to be made under the applicable Service, which may be further defined and described below in connection with a specific Service.

ACH Network means the funds transfer system, governed by NACHA rules, which provides funds transfer services to participation financial institutions.

ACH Network means the electronic funds transfer system governed by the rules of the North American Clearing House Association.