ACH Rules definition

ACH Rules means collectively, the National Automated Clearing House Association (“NACHA”) Operating Rules and NACHA Operating Guidelines, as the same are amended from time to time.

Examples of ACH Rules in a sentence

  • Notwithstanding ACH Rules 2.1.2, 4.1.3, and Appendix Two, section 2.2 (listing general ledger and loan ac- counts as permissible transaction codes), an ACH credit entry rep- resenting a Federal payment other than a vendor payment shall be depos- ited into a deposit account at a finan- cial institution.

  • As Fiscal Agent, each Federal Reserve Bank shall be re- sponsible only to the Treasury and not to any other party for any loss result- ing from the Federal Reserve Bank’s action, notwithstanding Section 11.5 and Article 8 of the ACH Rules.

  • An agency that reverses an entry shall indemnify the RDFI as provided in the applicable ACH Rules, but the agency’s liability shall be limited to the amount of the entry.

  • If the Federal Government reverses a file, the Federal Government shall indemnify the RDFI as provided in the applicable ACH Rules, but the extent of such liability shall be limited to the amount of the entries comprising the duplicate or er- roneous file.

  • Reversals under this sec- tion shall comply with the time limita- tions set forth in the applicable ACH Rules.


More Definitions of ACH Rules

ACH Rules means, collectively, the National Automated Clearing House Association ("NACHA") Operating Rules and NACHA Operating Guidelines, as the same are amended from time to time. "Address Verification Service" (AVS) is a Card fraud prevention tool designed for mail order, telephone order and electronic commerce (internet) merchants and other electronic Transactions. Use of AVS is not a guarantee that a Transaction is valid.
ACH Rules means the NACHA Operating Rules and Operating Guidelines, which govern the interregional exchange and settlement of ACH transactions.
ACH Rules means the Operating Rules and the Operating Guidelines published by NACHA—The Electronic Payments Association (NACHA), a na- tional association of regional member clearing house associations, ACH Oper- ators and participating financial insti- tutions located in the United States.
ACH Rules means the ACH Operating Rules and Guidelines published by the National Automated Clearing House Association.
ACH Rules means collectively, the National Automated Clearing House Association (“NACHA”) Operating Rules andNACHA Operating Guidelines, as the same are amended from time to time.
ACH Rules means the NACHA Operating Rules and NACHA Operating Guidelines, as in effect from