Effective Entry Date definition

Effective Entry Date means the date placed on an ACH transaction by the Originator of the transaction or the ODFI – it is normally the date the Originator or ODFI intends the transfer to take place.

Effective Entry Date means the date included in any Entry as the date upon or after which such Entry is to be effective.

Effective Entry Date is the date specified by the originator on which it intends a batch of entries to be settled.

Examples of Effective Entry Date in a sentence

• If either of those requirements is not met, Bank shall use reasonable efforts to credit the Receiver’s account in the amount of such Request no later than the next Business Day following such Effective Entry Date.

• Client shall make payment no later than the date of transmittal by Bank of such Requests or any other date Bank, in its discretion, may determine (“Payment Date”), and the amount of each On-Us Entry at such time on the Effective Entry Date of such credit Request as Bank, in its discretion, may determine.

• We will adhere to all required transaction scanning as required by law, including OFAC scanning, and use reasonable efforts to process and transmit all Entries to the ACH Operator prior to the Effective Entry Date provided that such Entries are received before 3:00pm EST on a business day and the Effective Entry Date is at least one business day after our receipt of the Entries for processing.

• Except as provided in Section 12 (Rejection of Requests), in the case of a Request received for credit to an Account maintained with Bank (“On-Us Entry”), Bank shall credit the Receiver’s account in the amount of such Request on the Effective Entry Date contained in such Request, provided the requirements set forth in Section 2 (Transmittal of Requests by Client) are met.

• Bank shall notify Client by (email or electronic transmission) of such rejection no later than the Business Day such Request would otherwise have been transmitted by Bank to the network operator or, in the case of an On-Us Entry, its Effective Entry Date.

More Definitions of Effective Entry Date

Effective Entry Date refers to the date the Originator intends for ACH Entries to post.

Effective Entry Date means the date specified by the Company on which it intends a batch of Entries to be settled.

Effective Entry Date. The Effective Entry Date is a date specified by you on which you intend an Entry to be posted and settled. The Effective Entry Date must be a future date and must not be a Saturday, a Sunday, or a holiday observed by the Federal Reserve Bank as listed in Schedule C.

Effective Entry Date means the pre-set date you choose for the entry to post to the Designated Account Xxxxxx’s account. The actual posting will take place on the Settlement Date (see below).

Effective Entry Date. The Effective Entry Date (contained in the Company/Batch Header Record(s) of the ACH input file) is a date specified by Company on which it intends an Entry to be posted and settled. The Effective Entry Date must be a future date and must not be a Saturday, a Sunday, or a holiday observed by the Federal Reserve Bank as listed in Schedule D. The Effective Entry Date may be, but isn’t necessarily always, the same date as the settlement of funds.

Effective Entry Date means the date specified by the originator on which it intends a payment to be settled. The “Effective Date” specified by a taxpayer or service provider is the date it intends the payment to be deposited into a State of Rhode Island bank account. Note: NACHA Rules state that for credit entries, “... the effective entry date shall be either one or two banking days following the banking day of process as established by the Originating ACH Operator (the processing date).”

Effective Entry Date means the date specified in an Automated Clearing House Origination or "ACH" service allows you to entry on which you instruct that the payment for that entry is to be made. initiate debit and credit entries through the automated clearing house, which is a funds transfer system for sending and settling for electronic (h) ".Ent a." means a request for a credit to or a debit from a entries among participating financial institutions. Details regarding receiver's deposit account as further defined in the rules and includes all ACH's functionality and certain formatting and other technical data we receive from you regarding an entry. requirements that you must follow when using the ACH origination service are provided in the ACH origination reference materials as we (i) ".Entry class codes."means the codes that distinguish the update them from time to time. various types of entries,as further defined in the rules. 2. .Functioning of the ACH Origination Service- Under the ACH 0) ".File." means a group of entries associated with a given origination service, we act as the originating depository financial transmittal register and related control totals, as further defined in the institution or"ODFI"with respect to entries that you send us or that are rules. sent to us on your behalf. You will be the "originator"for each of those entries. By confirming an ACH origination service profile, you agree to ".Final settlement" means the day an entry is posted to comply with and be bound by the rules(as defined below). the accounnt t of the RDFI the ACH operator. 3.