Automatic Clearinghouse definition

Automatic Clearinghouse or “ACH” means the automatic deposit to or withdrawal from Drive-It’s designated bank account.
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Examples of Automatic Clearinghouse in a sentence

  • Employees may designate depository and direct automatic payroll deposits to banking institutions which are members of the National Automatic Clearinghouse Association (NACHA).

  • All cash payments by Buyer under this Section 2.01(c)(i) shall be effected by means of a wire transfer or Automatic Clearinghouse (ACH) on the day when due to such account or accounts as the Originators may designate from time to time.

  • The Employer shall promptly transmit all such moneys withheld to CUB on a monthly basis through the Automatic Clearinghouse (ACH), without charge to CUB.

  • I agree to be bound by the rules and regulations that govern the applicable funds transfer system, including the rules published by the National Automatic Clearinghouse Association.

  • The Employer shall promptly transmit all such moneys withheld to CUB on a bi-weekly basis through the Automatic Clearinghouse (ACH), without charge to CUB.

  • The Sponsor will require each selling broker-dealer to agree to forward to the Custodian upon the sale of each Plan the application for such Plan, the check, funds (by wire or Automatic Clearinghouse (ACH) transfer) or order for the payment of money representing the initial payment under such Plan, and any required Designation of Beneficiary.

  • Payment of all NetSpend Fees and ACE’s portion of any Customer Fees generated on the ACE/NetSpend Acquisition Website due for any such period will be made by NetSpend’s initiating a credit, through the Automatic Clearinghouse system, to a bank account designated by ACE no later than ten days after due date of the NetSpend Fee/Web Fee Calculation.

  • The Indenture Trustee agrees that Mellon may debit the Account for any Items (including, but not limited to, checks, drafts, Automatic Clearinghouse (ACH) credits or wire transfers or other electronic transfers or credits) deposited or credited to the Account which may be returned or otherwise not collected in accordance with its customary practices for the chargeback of returned items.

  • The Indenture Trustee agrees that the Depository Bank may debit the Account for any items (including, but not limited to, checks, drafts, Automatic Clearinghouse (ACH) credits or wire transfers or other electronic transfers or credits) deposited or credited to the Account which may be returned or otherwise not collected in accordance with its customary practices for the chargeback of returned items.

  • The teaching employees may designate a depository and direct automatic payroll deposits to banking institutions which are members of the National Automatic Clearinghouse Association (NACHA).