ACH Entry definition

ACH Entry means any electronic funds transfer initiated through the ACH System resulting in a credit to a Designated Account (“Debit Entry”) or a debit to a Designated Account (“Credit Entry”); (b) “ACH System” means the automated clearinghouse or other system used for bulk file transfers; (c) “Entry Data” means instructions, data or other information transmitted or otherwise communicated to Bank as provided in this Service Description; and (d) “Rules” means the rules of NACHA – The Electronic Payments Association® (“NACHA”) and any applicable local ACH rules and regulations as in effect from time to time.
Sample 1Sample 2Sample 3
ACH Entry means any electronic funds transfer initiated through the ACH System resulting in a credit to a Designated Account (“Debit Entry”) or a debit to a designated account (“Credit Entry”);
Sample 1Sample 2Sample 3
ACH Entry. Refers to an Automated Clearing House Item.
Sample 1Sample 2Sample 3

Examples of ACH Entry in a sentence

  • The Customer will deliver each same day ACH Entry (refer below for the definition of a “Qualifying Entry” for same day ACH) or file of same day ACH Entries to Bank no later than 12 p.m. Central Standard Time on the settlement date or in a schedule mutually agreed upon by Customer and Bank incorporated herein.

  • Customer acknowledges that the return of an ACH Entry is subject to dispute on the part of the Originator.

  • The ACH Fraud Control Service works as follows: • Input ACH Entry total information into Bank’s OLBB ACH Fraud Control Service prior to the time of transmission of the ACH file.

  • Bank will use reasonable efforts to notify you via Online Banking for Business, by mail, electronic transmission, phone or other reasonable means of the receipt of a returned ACH Entry no later than one Business Day after the Business Day of such receipt.

  • You have no right to cancel or amend any Entry Data or ACH Entry after it has been received by Bank.

  • You must notify Bank of any error, delay or other problem with any ACH Entry or funds transfers including unauthorized or incorrect transfers or debits as promptly as possible, within any required time parameters required by the Rules or otherwise, and in any case within thirty (30) days of the date you receive notice of the transfer through your Designated Account Statement or otherwise.

  • If an ACH Entry is returned, Bank will credit or debit the Designated Account upon receipt by Bank.

  • To the fullest extent permitted by law, Bank will have no liability to you based on the return of any ACH Entry.

  • Without limiting the foregoing, you acknowledge and agree to hold us harmless in the event it is later determined that the ACH Entry was authorized; thus, the Originator of such ACH Entry plans to seek retribution.

  • PPD – Prearranged Payment and Deposit – A credit ACH Entry or a debit ACH Entry initiated by an Organization to a Consumer Account of a Receiver based on a Single- Entry authorization from the Receiver.


More Definitions of ACH Entry

ACH Entry or “ACH Entries” means the electronic funds transfer disbursements which are originated by you under this Service Description; and (c) “Rules” mean the rules of the National Automated Clearing House Association (“NACHA”), applicable local ACH rules and regulations, and applicable law and regulations as in effect from time to time.
Sample 1Sample 2
ACH Entry means an electronic funds transfer payment instruction processed through the ACH Network in order to push a credit to a designated account or pull a debit from a designated account.
Sample 1
ACH Entry means an order or request for withdrawal of money from Deposit Account of End User.
Sample 1
ACH Entry. An electronic item representing the transfer of funds via the ACH.
Sample 1

Related to ACH Entry

  • ACH Transfer ACH Transfer: BNK: BNK: ABA: ABA: ACCT: ACCT: Credit and Collections: Credit and Collections: Attn: Attn: Phone: Phone: Email: Email: REC Deliveries and Standing Orders: REC Deliveries and Standing Orders: Attn: Attn: Phone: Phone: Email: Email: With additional Notices of an Event of Default or Potential Event of Default to: With additional Notices of an Event of Default or Potential Event of Default to: Attn: Attn: Phone: Phone: Email: Email:

  • ACH means automated clearing house transfers.

  • Collection Accounts As defined in Section 3.10(a).

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Merchant Establishment means any company, establishment, firm or person, wherever located and in whatever form (including the Internet), which is designated as a MasterCard/VISA merchant and/or with whom there is an arrangement for a Cardholder to obtain goods, services or cash advances by use of the Card or Card number and includes any establishment displaying the MASTERCARD/VISA symbol which appears on the face of the Card.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • ACH Transactions means any cash management or related services including the automatic clearing house transfer of funds by the Bank for the account of any Borrower pursuant to agreement or overdrafts.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Voice Initiated Funds Transfer Instruction means any Voice Initiated Redemption or Voice Initiated Election.For the purposes of these definitions, the singular includes the plural and the plural includes the singular, unless otherwise indicated. General Exclusions - Applicable to All Insuring Clauses2. This bond does not directly or indirectly cover:a. loss not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;b. loss due to riot or civil commotion outside the United States of America and Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power, war or insurrection;c. loss resulting from the effects of nuclear fission or fusion or radioactivity;d. loss of potential income including, but not limited to, interest and dividends not realized by the ASSURED or by any customer of the ASSURED;e. damages of any type for which the ASSURED is legally liable, except compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;f. costs, fees and expenses incurred by the ASSURED in establishing the existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE 11.;g. loss resulting from indirect or consequential loss of any nature; General Exclusions - Applicable to All Insuring Clauses(continued)h. loss resulting from dishonest acts by any member of the Board of Directors or Board of Trustees of the ASSURED who is not an Employee, acting alone or in collusion with others;

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Verification Report As defined in Section 4.19.

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Collection site means the location of waste containers on collection day.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.