Memo Posted Credits definition

Memo Posted Credits. Any credits being posted to the account for the business day. For example, ACH credit transactions and wire transfers.
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Memo Posted Credits are any credits for a current or next Business Day, which may be posted to an Account intraday or during nightly processing (e.g., ACH transactions, wire transfers, and teller deposited items).
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Examples of Memo Posted Credits in a sentence

  • Memo Posted Credits: Any pending credits posted to the Account for a given Business Day.

Related to Memo Posted Credits

  • Credits means the Federal and State Housing Tax Credit program.

  • Open-end credit means credit extended by a creditor under an agreement in which: