Receiving Depository Financial Institution definition

Receiving Depository Financial Institution or "RDFI" means the institution that receives ACH entries from the ACH Operator and posts them to the accounts of its depositors.

Receiving Depository Financial Institution or “RDFI” has the meaning set forth in the Nacha Rules.

Receiving Depository Financial Institution or “RDFI” means a Participating DPI with respect to Entries (i) it receives from its ACH Operator to the accounts of Receivers, and (ii) on which it is designated as the RDFI in accordance with the Rules.

Examples of Receiving Depository Financial Institution in a sentence

• When the Fund initiates or receives Automated Clearing House credit and debit entries pursuant to these guidelines and the rules of the National Automated Clearing House Association and the New England Clearing House Association, the Transfer Agent will act as an Originating Depository Financial Institution and/or Receiving Depository Financial Institution, as the case may be, with respect to such entries.

• When the Fund initiates or receives Automated Clearing House credit and debit entries pursuant to these guidelines and the rules of the National Automated Clearing House Association and the New England Clearing House Association, State Street will act as an Originating Depository Financial Institution and/or Receiving Depository Financial Institution, as the case may be, with respect to such entries.

• If the Receiving Depository Financial Institution does not receive such final settlement or payment, then they shall be entitled to a refund from the receiver of the amount so credited, and We shall not be deemed to have paid the receiver the amount of such entry.

• When the Trust initiates or receives Automated Clearing House credit and debit entries pursuant to these guidelines and the rules of the National Automated Clearing House Association and the New England Clearing House Association, ALPS will act as an Originating Depository Financial Institution and/or Receiving Depository Financial Institution, as the case may be, with respect to such entries.

• When the Trust initiates or receives Automated Clearing House credit and debit entries pursuant to these guidelines and the rules of the National Automated Clearing House Association, the Transfer Agent will act as an Originating Depository Financial Institution and/or Receiving Depository Financial Institution, as the case may be, with respect to such entries.

More Definitions of Receiving Depository Financial Institution

Receiving Depository Financial Institution means the financial institution that receives Entries from an Automated Clearing House and posts the Entries to the accounts of its depositors.

Receiving Depository Financial Institution means a financial institution qualified by Xxxxx to receive ACH Transactions.

Receiving Depository Financial Institution or “RDFI” shall have the meaning as set forth in the Rules.

Receiving Depository Financial Institution. (“RDFI”) shall mean any financial institution qualified to receive ACH entries that agrees to abide by the NACHA Operating Rules and Guidelines.

Receiving Depository Financial Institution means the institution that receives ACH entries from the ACH Operator and posts them to the accounts of its depositors.

Receiving Depository Financial Institution or “RDFI” means in an Electronic Check Transaction, the financial institution which receives the

Receiving Depository Financial Institution or “RDFI” means the financial institution that holds the account of the Receiver identified in an ACH Entry and typically posts the ACH Entries to the Receiver’s account at the RDFI based on the information contained in the ACH file.