ACH Transaction definition

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

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.

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

Examples of ACH Transaction in a sentence

• We are also required by law to scrutinize or verify any international ACH transaction (IAT) that we receive against the Specially Designated Nationals (SDN) list of OFAC.

• For each ACH transaction, you agree that the transaction is subject to the Nacha Operating Rules and any local ACH operating rules in effect.

• Information subject to Banc's right of inspection shall include all information maintained by such Originator’s policies, procedures, processes, and business, accounting, and operations practices, as well as such Originator’s customers, clients, vendors and processors if, in the opinion of Banc, such Originator’s relationship with such parties is materially related to Third-Party Sender's ACH transaction activity, conducted for the benefit of such Originator, conducted through Banc under this Agreement.

• If your stop payment order is for an ACH transaction, it will expire in accordance with the ACH Rules.

• You agree that we may rely on the representations and warranties contained in these operating rules and either credit or debit your account, as instructed by the originator of the ACH transaction.

More Definitions of ACH Transaction

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

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

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.