Effective Entry Date definition
Effective Entry Date means the date placed on an ACH transaction by the Originator of the transaction or the ODFI – it is normally the date the Originator or ODFI intends the transfer to take place.
Effective Entry Date means the date included in any Entry as the date upon or after which such Entry is to be effective.
Effective Entry Date is the date specified by the originator on which it intends a batch of entries to be settled.
Examples of Effective Entry Date in a sentence
The Bank shall notify the Company in accordance with Attachment 1 and Attachment 1-1 of such rejection no later than the business day such Entry would otherwise have been transmitted by the Bank to the ACH Operator or, in the case of an On-Us Entry, the day before its Effective Entry Date.
Financial Institution shall notify You of Incomplete or Error displayed in Transfer Module no later than the business day such Entry would otherwise have been transmitted by Financial Institution to the ACH or, its Effective Entry Date.
More Definitions of Effective Entry Date
Effective Entry Date refers to the date the Originator intends for ACH Entries to post.
Effective Entry Date means the date specified by the Company on which it intends a batch of Entries to be settled.
Effective Entry Date. The Effective Entry Date is a date specified by you on which you intend an Entry to be posted and settled. The Effective Entry Date must be a future date and must not be a Saturday, a Sunday, or a holiday observed by the Federal Reserve Bank as listed in Schedule C.
Effective Entry Date means the pre-set date you choose for the entry to post to the Designated Account ▇▇▇▇▇▇’s account. The actual posting will take place on the Settlement Date (see below).
Effective Entry Date means the date specified by the originator on which it intends a payment to be settled. The “Effective Date” specified by a taxpayer or service provider is the date it intends the payment to be deposited into a State of Rhode Island bank account. Note: NACHA Rules state that for credit entries, “... the effective entry date shall be either one or two banking days following the banking day of process as established by the Originating ACH Operator (the processing date).”
Effective Entry Date means the date included on any Entry as the date upon or after which such Entry is to be effective.
Effective Entry Date means the date upon which an Entry is posted to the Receiver’s account at the RDFI.