Examples of ACH Entry in a sentence
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.
However, to the extent permitted by the Rules, Bank will use reasonable efforts to act on your request to cancel or amend Entry Data before Bank transmits the related ACH Entry to Bank’s selected ACH Operator or, in the case of an On-Us Entry, before debiting or crediting the Receiver’s account, but Bank will have no liability if such cancellation or amendment is not effected.
If an ACH Entry is returned, Bank will credit or debit the Designated Account upon receipt by Bank.
You further agree to maintain such balance in such Account for a period of at least ninety (90) days after the date of your last ACH Entry prior to termination of this Service to pay Bank for any Debit Entry returned to Bank.
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.
To the fullest extent permitted by law, Bank will have no liability to you based on the return of any ACH Entry.
If you fail to provide in the Designated Account sufficient good, collected funds to cover any Credit Entry or returned or reversed Debit Entry when required, Bank may debit any other Account of yours with Bank or any of Bank’s affiliates for the amount due for such ACH Entry, and Bank may suspend the provision of Services to you.
If you receive an NOC, you must investigate and make corrections within six (6) Business Days of receipt of the NOC information or prior to initiating another ACH Entry to the Receiver’s account.
You agree to maintain in the applicable Designated Account a balance of available funds to pay for any Credit Entry or returned or reversed Debit Entry (including any Reversing Entry) and Bank will debit the Designated Account for the total amount of each such ACH Entry.