ACH System definition

ACH System means the Automated Clearing House system of the U.S. Federal Reserve Board or a successor system providing electronic funds transfers between banks.
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ACH System means the automated clearinghouse system.
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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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Examples of ACH System in a sentence

  • Among other things, the Deposit Account Agreement shall provide that the Borrowers shall have no access to or control over the Deposit Account, that all available funds on deposit in the Deposit Account shall be transferred by wire transfer (or transfer via the ACH System) on each Business Day by the Deposit Bank into the Lock Box Account, for application in accordance with the Cash Management Agreement.

  • Merchant shall, at all times, maintain an account at a bank that is a member of the Federal Reserve ACH System (“Account”).

  • Such transfers may be transmitted through the Automated Clearing House (ACH) System.

  • Bank will receive instructions from Company for Entries transferring directly to or from another financial institution by Bank of funds from or to Company’s account(s) at Bank into the ACH System directly to or from another financial institution.

  • Nor does any transfer of funds through Fedwire or through a similar wire transfer system (such as the Automated Clearinghouse (ACH) System) that is used primarily for transfers between businesses, such as an ACH that is posted to your account with a corporate-to-corporate Standard Entry Class Code, constitute an “electronic fund transfer” for purposes of this disclosure.

  • MERCHANT also agrees that the monthly FBI Fee will be debited by a third party from the Account via the Federal Reserve ACH System on or about the first day of each month and will be debited separately from any other fee listed in this Agreement.

  • Payroll checks can be electronically deposited to any financial institution that is a member of the Automated Clearing House (ACH) System.

  • Among other things, the Deposit Account Agreement shall provide that the Borrowers shall have no access to or control over the Deposit Account, and that all available funds on deposit in the Deposit Account shall be deposited by wire transfer (or transfer via the ACH System) on each Business Day by the Deposit Bank into the Lock Box Account.

  • Yamaha will not be liable for the act or omission of any Automated Clearing House, financial institution, or any person who has obtained unauthorized access to the ACH System.

  • You can take paid extension in access period in certain circumstances.


More Definitions of ACH System

ACH System means the automated clearinghouse or other system used for bulk file transfers;
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ACH System means an automated clearing house network or system used to process electronic payments which are transferred to or from your Account through an automated clearing house network. Such payments shall be subject to all applicable Federal Reserve System regulations and circulars, NACHA Rules, and similar operating policies and procedures. Common examples include direct deposits of payroll, pension or government benefits such as Social Security.
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ACH System is closed and not a day on which banking institutions are authorized or obligated by law or executive order to close in New York, New York, United States.
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ACH System means the Automated Clearing House system of the U.S. Federal Reserve Board or a successor system providing electronic funds transfers between banks. “Act”, when used with respect to any Holders, has the meaning specified in Section 104.
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Related to ACH System

  • Alarm system means equipment and devices assembled for the purpose of:

  • Clearing System means Monte Titoli S.p.A., with offices in Piazza degli Affari no. 6, Milan, Italy ("Monte Titoli").

  • PV System means, a photovoltaic system, including Solar Photovoltaic Panels, Inverters, Racking Systems, wiring and other electrical devices, as applicable, conduits, weatherproof housings, hardware, remote monitoring equipment, connectors, meters, disconnects and over current devices (including any replacement or additional parts included from time to time).

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • 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.

  • Vapor collection system means a vapor transport system which used direct displacement by the gasoline being transferred to force vapors from the vessel being loaded into either a vessel being unloaded or a vapor control system or vapor holding tank.