Examples of NACHA Rules in a sentence
Member acknowledges and agrees that Xxxxxxxxx Financial has no obligation to monitor Member’s use of any Service for transactions and activity that is impermissible or prohibited under the terms of this Agreement, NACHA Rules or applicable Laws; provided, however, that Xxxxxxxxx Financial reserves the right to decline to execute any transaction or activity that Xxxxxxxxx Financial believes violates the terms of this Agreement, NACHA Rules or applicable Laws.
A recurring transfer with proper authority, according to the National Automated Clearing House Association (NACHA) Rules, may be created to transfer funds to/from another financial institution through the Automated Clearing House (ACH).
For ACH Services only, Xxxxxxxxx Financial’s liability for loss of interest resulting from its error or delay will be calculated in accordance with the method prescribed by the NACHA Rules.