ACH Transaction definition

ACH Transaction means an electronic payment, debit, or credit transfer processed through an automated clearing house.

ACH Transaction means an electronic payment, debit, or credit transfer processed through an ACH pursuant to an authorized ACH arrangement.

ACH Transaction means an entry complying with the NACHA ACH Record Format Specifications, for NACHA standard entry class codes ARC, WEB, POP, TEL, and BOC.

Examples of ACH Transaction in a sentence

• If additional review is required, the International ACH transaction will not be available to you until it passes final verification.

• For each ACH transaction, you agree that the transaction is subject to the National Automated Clearing House Association (NACHA) Operating Rules and any local ACH operating rules in effect.

• We will select, at our sole discretion, whether to facilitate any given ACH transaction as a WEB transaction or CCD transaction.

• By using the Check Deposit Services, you agree to comply with all applicable laws and regulations and NACHA rules that apply to remote deposit check capture processing and ACH transaction processing.

• Payment for Subscription Services will occur via ACH transaction, or if payment via ACH transaction is not authorized, TASC will invoice the Purchaser.

More Definitions of ACH Transaction

ACH Transaction means a transaction cleared through the Automated Clearing House.

ACH Transaction means the acceptance of a check, whether in electronic or paper form, or routing and account information associated with Payor’s bank account for payment for goods sold and/or leased or services provided to Payor by Merchant and receipt of payment by Merchant via the ACH Network.

ACH Transaction means a transaction cleared through the Automated Clearing House. “Available Balance” is the amount of funds available for your Account.

ACH Transaction means a deposit or payment transferred to or from your account through an ACH. “agent” has the meaning set forth in the Section titled “Opening Your Account.”

ACH Transaction means an electronic transaction by means of the Automated Clearing House network for the interbank clearing of electronic payments for participating depository financial institutions;

ACH Transaction refers to an Automated Clearing House debit or credit to your Account in order to transfer funds to another UMB Account or an External Account, or to or pay a bill.

ACH Transaction means an Electronic Record of amounts to be deposited or debited to a bank account at a financial institution participating in the ACH.