ACH Origination Services. Member elects to originate credit, debit and/or zero dollar ACH Entries to and from accounts maintained at other participating depository financial institutions using Alloya’s ACH System.
ACH Origination Services. Customers requesting access to ACH Origination Services via the Bank’s Online Banking and Cash Management Module must also complete and agree to the terms and conditions of the Bank’s ACH Origination Agreement.
ACH Origination Services. Customer wishes to initiate credit and/or debit Entries (as hereinafter defined) by means of the Automated Clearing House Network pursuant to the terms of these Terms and those of NACHA. Pursuant to the terms of these Terms, Customer agrees to act as an Originator (as defined in the Rules) and Bank agrees to act as an Originating Depository Financial Institution (“ODFI”), in each case, with respect to such Entries. These Terms set forth the terms and conditions pursuant to which Bank will provide to Customer the ACH services outlined herein (the “ACH Services”).
ACH Origination Services. This portion of BOPonline will enable you to generate electronic funds transfers to or from your designated BOP accounts through the Automated ClearingHouse (“ACH”) network. Please contact the bank for more information on utilizing this service.
ACH Origination Services. (a) Overview. ACH Origination Services allows you to initiate electronic credit and/or debit entries (“Entries”) by means of the Automated Clearing House (“ACH”) Network through your Accounts maintained at Bank. Capitalized terms used but not defined in this Section or elsewhere in this Master Agreement shall have the meanings ascribed by the National Automated Clearing House Association ("NACHA") in their rules ("NACHA Rules).
ACH Origination Services. Customer wishes to initiate credit and/or debit Entries (as hereinafter defined) by means of the Automated Clearing House Network pursuant to the terms of these Terms and those of NACHA. Pursuant to the terms of these Terms, Xxxxxxxx agrees to act as an Originator (as defined in the Rules) and Bank agrees to act as an Originating Depository Financial Institution (“ODFI”), in each case, with respect to such Entries. These Terms set forth the terms and conditions pursuant to which Bank will provide to Customer the ACH services outlined herein (the “ACH Services”). The ACH Services permit you to initiate credit entries or payments to a third party (“Credit Entries”) and/or debit entries or collections from a third party (“Debit Entries”) in accordance with these terms and conditions, the Rules,
ACH Origination Services. A Customer may send entries for transfers (credit and debit) via the Automated Clearinghouse from its Accounts of the types Customer applies to issue and of such types and in such amounts, frequency and/or other limits as the Bank may approve.
ACH Origination Services. Through the Bank’s Automated Clearing House origination services (“ACH Services”), the Company will be permitted to initiate credit and/or debit Entries as an Originator by means of the Automated Clearing House Network (“ACH”) pursuant to the terms of this Agreement and the operating rules and guidelines of the National Automated Clearing House Association (“NACHA”) including, any exhibits or appendices thereto, as same may be amended from time to time (collectively, the “Rules”), which Rules are incorporated herein and made a part of this Agreement. Terms not defined herein shall have the meanings ascribed to them in the Rules. PLEASE NOTE THAT COMPANIES THAT INITIALLY ENROLLED IN BANKUNITED’S BUSINESS ONLINE BANKING PLUS MAY ONLY USE ACH SERVICES FOR TAX PAYMENTS AND PAYROLL PAYMENTS. To be eligible to enroll in and use the ACH Services, the Company must be approved by the Bank. The Company agrees to provide the Bank with such financial, business and operating information as the Bank may reasonably request in connection with the Bank’s approval process. The Company acknowledges that it has a copy of, or has access to a copy of, the Rules. The Company agrees to comply with and be bound by the Rules. The Company represents and warrants to Bank that Company’s actions with respect to Company’s use of the ACH Services including, without limitation, the preparation, transmittal and settlement of Entries, shall comply with the Rules and all applicable federal and state laws, rules and regulations. The Company acknowledges that Bank will charge the Company for any fines or penalties imposed by NACHA or any other organization which are incurred as a result of Company’s actions or inactions and Company agrees to fully reimburse and/or indemnify Bank for such charges or fines. It is the Company’s responsibility to deliver all credit and debit Entries to the Bank with all information necessary to complete the Company’s requested transactions in compliance with formatting and other requirements set forth in the Rules or as otherwise specified by the Bank. The Company must complete all required fields with accurate information. The Bank may reject or delay processing transactions if information and/or instructions are not complete or are inaccurate, do not comply with the terms of this Agreement or the Rules, or otherwise do not meet the criteria specified by the Bank for acceptance. The Company shall obtain authorization as required by the Rules from the person or en...
ACH Origination Services. The ACH Origination Service allows you to initiate debit and credit transfer instructions for execution by us for the ultimate posting to the accounts of others (each a "Participant”) if you have chosen this service on the Cash Management Application and Enrollment or Cash Management Amendment Form. This service may be used for payroll deposits, expense reimburse payments and pension plan payments. You may provide us with such test files, pre-notification files and actual payment files for processing as required under the Rules and our procedures. Files may be delivered or data transmitted in mutually agreed upon formats and according to delivery procedures established by us, which may change from time to time. We shall debit/credit your account ("Authorized Account”) specified in the transfer instructions for the full amount of the transfer instructions in accordance with our policy. We shall promptly debit/credit the Authorized Account in the amount of any transfer instructions that are returned for any reason by the Participant's financial institution. You may request us to affect a debit/credit transfer to the account of a Participant if the Participant was debited or credited erroneously or in an amount in excess of which you determined was properly due. We in our sole discretion may refuse to affect such Entry or may process and deliver it to the Participant's financial institution for further processing.
ACH Origination Services. ACH Origination is a Service that permits Customer (or its TPSP (defined below) as permitted by Bank) to initiate credit or debit ACH Transfers. Unless otherwise defined in this Agreement, capitalized terms used in this Schedule shall have the meanings provided in the Operating Rules. The term “
