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.

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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”);

ACH Entry. Refers to an Automated Clearing House Item.

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.

• In the event PeopleGuru determines, in its sole discretion, not to terminate this Agreement following Customer’s failure to fully fund an ACH Entry to Customer’s Payroll Funding Account, Customer unconditionally agrees to immediately pay PeopleGuru upon demand the sum of any unfunded payroll plus all fees and charges as set forth in this Agreement (including any debit which is returned to PeopleGuru because of insufficient or uncollected funds or for any other reason).

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

• Eligible ACH Entries received on a business day by the applicable cutoff hour for same-day Entries, will be treated as a “same-day” ACH Entry.

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

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

• 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 your ACH Entry identifies any bank by both a name and an identifying number and the number identifies a bank different from the bank identified by name, Bank and any RDFI may rely solely on the identifying number.

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

More Definitions of ACH Entry

ACH Entry means a credit or debit entry transmitted by ACH.

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.

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");1.4.1.2 "ACH System" means the automated clearinghouse or other system used for bulk file transfers;

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.

ACH Entry. An electronic item representing the transfer of funds via the ACH.

ACH Entry means an order or request for withdrawal of money from Deposit Account of End User.