Automated clearinghouse definition
Automated clearinghouse means the nationwide electronic funds transfer system that provides for an interbank exchange of either checks or automated debit or credit entries. [PL 2013, c. 480,
Automated clearinghouse means any federal reserve bank, or an organization established by agreement with the National Automated Clearing House Association or any similar organization, that operates as a clearinghouse for transmitting or receiving entries between banks or bank accounts and that authorizes an electronic transfer of funds between those banks or bank accounts.
Automated clearinghouse or “ACH” means a facility that clears debit and credit items for institutions.
Examples of Automated clearinghouse in a sentence
Automated clearinghouse services are also subject to the ACH Rules.
El subdestinatario entiende que el Beneficiario transferirá la subadjudicación a través de ▇▇ ▇▇▇▇▇▇ de compensación automatizada (Automated clearinghouse, ACH) a la cuenta bancaria indicada en el formulario de Autorización de ACH.
Automated clearinghouse (ACH) transmissions will be postponed until the Hot-Site is operational and current credit union data is available.
More Definitions of Automated clearinghouse
Automated clearinghouse. ’ means any federal reserve bank, or an organization established in agreement with the National Automated Clearinghouse Association, that operates as a clearinghouse for transmitting or receiving entries between banks or bank accounts and which authorizes an electronic transfer of funds between these banks or bank accounts.
Automated clearinghouse means any federal reserve bank,
Automated clearinghouse means the na- tionwide electronic funds transfer system that provides for an interbank exchange of either checks or automated debit or credit entries.
Automated clearinghouse. ’ means any federal
Automated clearinghouse means automated clearing house.