ACH Credit Entry definition

ACH Credit Entry. Refers to an Automated Clearing House Item that results in a credit to your Account.
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ACH Credit Entry means an electronic instruction sent by you (as “Originator”) through us (an “Originating Depository Financial Institution” or “ODFI”) to the Receiving Depository Financial Institution (“RDFI”) of the party to whom you are making payment into the Receiver’s deposit account.
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ACH Credit Entry means a “credit Entry,” as such term is defined in the Operating Rules of the National Automated Clearing House Association.
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Examples of ACH Credit Entry in a sentence

  • If prefunding is required, Customer will be required to have sufficient collected funds on deposit in the Offset Account on ACH submission dates as a condition for Bank’s processing of any outgoing ACH Credit Entry.

  • We may accept an ACH Credit Entry or ACH Debit Entry on your behalf, which is subject to Regulation E and governed by the NACHA Operating Rules.

  • If prefunding is required, Customer will be required to have sufficient collected funds on deposit with Synovus on ACH submission dates as a condition for Bank’s processing of any outgoing ACH Credit Entry.

  • Credit given by us to you with respect to an ACH Credit Entry is provisional until we receive final settlement from the Federal Reserve Bank (UCC, Article 4A).

  • In regards to ACH Credit Entries, notwithstanding the foregoing, if you have made arrangements with an Originator to credit your Account at least once every sixty (60) days from the same entity (person and/or place of business), you may inquire about such ACH Credit Entry by calling (▇▇▇) ▇▇▇-▇▇▇▇ (Bask Bank Customer Support).

  • For state and local taxes, an ACH Credit Entry is used and will originate an ACH Credit Entry to the account of the governmental agency or entity owed the tax.

  • In the event you do not recognize an ACH Debit Entry (or ACH Credit Entry), notify us AT ONCE of the relevant facts by calling the number set forth in the Business Rate and Fee Schedule.

  • You acknowledge and agree that we may rely on the representations and warranties contained in the NACHA Operating Rules and may credit your Account in accordance to these Rules as instructed by the Originator of the ACH Credit Entry.

  • If an unauthorized ACH Credit Entry or ACH Debit Entry posts to Company’s Authorized Account, Company Rules determine if an ACH Credit Entry Exception or ACH Debit Entry Exception will be created.

  • Furthermore, we may accept an ACH Credit Entry on your behalf which is not subject to Regulation E and your rights and responsibilities with respect to such ACH Credit Entry shall be construed in accordance with the NACHA Operating Rules and the laws of the governing State as otherwise set forth in this Agreement.