Debit Entries definition

Debit Entries are ACH transactions that withdraw funds from an Account and have the meaning provided in the NACHA Rules.
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Debit Entries shall have the meaning set forth in Exhibit C-4 (a).
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Examples of Debit Entries in a sentence

  • Before the initiation by Customer of the first Credit or Debit Entry to a Receiver’s account, the Customer will obtain from each of its Receiver’s an authorization to make one or more Entries to the Receiver’s account, and, in the case of Debit Entries, the Customer shall provide the Receiver with a copy of such authorization.

  • Where any customer has authorized Customer to initiate Debit Entries and the amount of billing day changes from the next preceding Debit Entry, Customer will notify such customer of the change at least seven 7 day before initiating the next Entry.

  • This information will consist of the number of payment transactions and aggregate dollar value of Debit Entries and Credit Entries in such file.

  • You agree to, at Bank’s request, maintain a balance in a non-interest bearing Account in the amount Bank determines based on a percentage of the amount of the Debit Entries and return history of your Debit Entries.

  • Customer acknowledges that it has received, reviewed and agrees to be bound by the provisions of the Rules governing refunds of Debit Entries and application of Adjustment Entries.

  • All ACH Debit Entries should be completed/authorized at least one (1) or two (2) Business Days prior to the “Effective Date” of the transactions.

  • To use the Service Customer shall specify one or more accounts of Customer at Bank, which are to be credited with all Debit Entries on the date finally settled and debited with all Credit Entries on the Entry Effective Date (the “Offset Account”).

  • In addition, Customer shall have a direct relationship with any Receiver and shall be responsible for collecting Receiver authorization for any ACH Debit Entries.

  • You may determine which individual employees are authorized to (i) input ACH Credit and Debit Entries, and (ii) transmit ACH Entries.

  • To use the ACH Positive Pay application, you will define whether you want to filter only ACH Debit Entries, or both ACH Debit and Credit Entries.

Related to Debit Entries

  • Entries means any catalog object registration in the Data Catalog (such as a table, view, measure, cluster or report).

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Financial Account means an account maintained by a Financial Institution, and includes: (1) in the case of an Entity that is a Financial Institution solely because it is an Investment Entity, any equity or debt interest (other than interests that are regularly traded on an established securities market) in the Financial Institution; (2) in the case of a Financial Institution not described in subparagraph 1(q)(1) of this Article, any equity or debt interest in the Financial Institution (other than interests that are regularly traded on an established securities market), if (i) the value of the debt or equity interest is determined, directly or indirectly, primarily by reference to assets that give rise to U.S. Source Withholdable Payments, and (ii) the class of interests was established with a purpose of avoiding reporting in accordance with this Agreement; and (3) any Cash Value Insurance Contract and any Annuity Contract issued or maintained by a Financial Institution, other than a noninvestment- linked, nontransferable immediate life annuity that is issued to an individual and monetizes a pension or disability benefit provided under an account that is excluded from the definition of Financial Account in Annex II. Notwithstanding the foregoing, the term “Financial Account” does not include any account that is excluded from the definition of Financial Account in Annex II. For purposes of this Agreement, interests are “regularly traded” if there is a meaningful volume of trading with respect to the interests on an ongoing basis, and an “established securities market” means an exchange that is officially recognized and supervised by a governmental authority in which the market is located and that has a meaningful annual value of shares traded on the exchange. For purposes of this subparagraph 1(q), an interest in a Financial Institution is not “regularly traded” and shall be treated as a Financial Account if the holder of the interest (other than a Financial Institution acting as an intermediary) is registered on the books of such Financial Institution. The preceding sentence will not apply to interests first registered on the books of such Financial Institution prior to July 1, 2014, and with respect to interests first registered on the books of such Financial Institution on or after July 1, 2014, a Financial Institution is not required to apply the preceding sentence prior to January 1, 2016.

  • Settlement Account means an account at a financial institution designated by Merchant as the account to be debited and credited by Bank for Transactions, fees, Chargebacks and other amounts due under the Merchant Agreement.