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

• You understand that in the event an International ACH Transaction (“IAT”) Entry that is transmitted to or from any of your accounts is identified and designated by the Credit Union’s screening criteria for review and examination under the OFAC Rules and Regulations (“OFAC Rules”).

• You acknowledge that in the event an International ACH Transaction (“IAT”) Entry that is transmitted to or from any of your Accounts is identified and designated by the Credit Union’s screening criteria for review and examination under the OFAC Rules and Regulations (“OFAC Rules”), then the settlement of such an IAT Entry may be delayed or suspended pending our review of the IAT Entry, and may be terminated under applicable OFAC Rules.

• The sum of estimated payments for each quarter must always reasonably approximate the liability for the quarter.NOTE: Your debit transaction will be ineligible for EFT if the bank account used for the electronic debit is funded or otherwise associated with a foreign account to the extent that the payment transaction would qualify as an International ACH Transaction (IAT) under NACHA Rules.

• Electronic direct deposits will be available on the day we receive the deposit, unless they involve an International ACH Transaction.

• In the case of an ACH Transaction being rejected for Non-Sufficient Funds (NSF) Client understands that Loyalty Health may at its discretion attempt to process the charge again within 30 days.

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

ACH Transaction. An electronic payment transaction originated by Merchant and processed through the ACH Network in the Federal Reserve System.