ACH Network definition
ACH Network means the funds transfer system, governed by the NACHA Rules, that provides funds transfer services to participating financial institutions.
ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions.
ACH Network means the funds transfer system (network) governed by the Operating Rules providing for the inter-financial institution clearing of electronic entries for participating financial institutions.
Examples of ACH Network in a sentence
I agree to be bound by the rules and regulations that govern any applicable funds transfer systems, including, but not limited to, the ACH Network, NACHA, Federal Reserve System and Clearing House Interbank Payment System (CHIPS).
I understand that the Credit Union uses a variety of banking channels and facilities to make funds transfers, but will ordinarily use the ACH Network.
Although the ACH Network is often used to execute person-to-person service payment transactions, other payment networks may be used to facilitate the execution and transmission of payment transactions.
I understand that BHFCU uses a variety of banking channels and facilities to make funds transfers but will ordinarily use the ACH Network.
Bayer Heritage Federal Union uses the ACH Network to execute my A2A requests, but other methods of transfer may also be used.
More Definitions of ACH Network
ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions. "Transaction Account" is a transaction account (checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information) from which your payments as a Sender will be debited, any Service fees will be automatically debited, or to which payments and credits to you will be credited. "Transfer Instruction" is the information provided by the Sender to the Service for a transfer or payment to be made to a Receiver (name, mobile telephone number, email address, and financial institution account and routing number information, etc.).
ACH Network means the funds transfer system, governed by the National Automated Clearing House Association Rules, that provides funds transfer services to participating financial institutions. "Affiliates" are companies related by common ownership or control. "Business Day" is every Monday through Friday, excluding Federal Reserve holidays or other days that banks are legally closed.
ACH Network or “Automated Clearing House Network” is a batch processing, store- and-forward system that accumulates and distributes ACH Transactions that are received from ODFI (defined below) and are forwarded to the specified RDFI (defined below) according to the specific schedules established by the participants.
ACH Network means the funds transfer system, governed by NACHA rules, which provides funds transfer services to participation financial institutions.
ACH Network means the funds transfer system, governed by the NACHA Rules that provides funds transfer services to participating financial institutions. "Affiliates" are companies related by common ownership or control. "Business Day" is every Monday through Friday, excluding Federal Reserve holidays or other days that banks are legally closed. "Eligible Transaction Account" is a transaction account from which your payments will be debited, your Service fees, if any, will be automatically debited, or to which payments and credits to you will be credited, that is eligible for the Service. Depending on the Service, an Eligible Transaction Account may include a checking, money market or other direct deposit account, credit card account, or debit card account, including any required routing information. "Payment Instruction" is the information provided for a payment to be made under the applicable Service, which may be further defined and described below in connection with a specific Service.
ACH Network means the automated clearinghouse payment network that the member organizations of Nacha control and manage.
ACH Network means the electronic funds transfer system governed by the rules of the North American Clearing House Association.