NACHA definition

NACHA means the National Automated Clearing House Association.

NACHA means National Automated Clearing House Association.

NACHA means the National Automated Clearing House Association, the regulatory body for the ACH Network.

Examples of NACHA in a sentence

• The ACH Origination Service allows you to instruct us to create and/or send a NACHA formatted file on your behalf to execute the transfer of funds to/from another financial institution to disburse/concentrate funds or to make payments/collect funds to/from another party via the system.

• Funds transfers to or from your Account will be governed by the rules of the funds transfer system(s) through which the transfers are made (“system rules”), including Fedwire and the National Automated Clearing House Association ("NACHA").

• ACHs are generally operated by the Federal Reserve, but can be operated privately, and use rules, procedures, and programs developed on a local basis by their participating financial institutions under the general direction of the National Automated Clearing House Association (NACHA).

• Returns on the basis that the transaction was unauthorized will be assigned a NACHA return status of R07 (“authorization revoked by customer”), R10 (“customer advises not authorized”), or R29 (“corporate customer advises not authorized”).

• The taxpayer must show timely initiation of the transaction, must have provided the correct information for the NACHA CCD+ entry and the required TXP Banking Convention addenda record, must show that there were sufficient funds in the account, and must show that the financial institution properly completed the transaction in a timely manner in order to prove timely compliance.

More Definitions of NACHA

NACHA means the National Automated Clearing House Association, an organization that establishes the standards and rules followed by financial institutions for transferring payments.

NACHA means the National Automated Clearinghouse Association. “NACHA Rules” means the operating rules of NACHA.

NACHA means National Automated Clearinghouse Association. See: https://www.nacha.org/

NACHA means the National Automated Clearing House Association. The following additional definitions as used in the Rules will apply to terms used herein with respect to the Service:

NACHA means the National Automated Clearing House Association, which establishes standards, rules, and procedures governing the ACH Network, including the ACH Rules.

NACHA means the National Automated Clearing House Association of the United States of America;

NACHA means the National Automated Clearing House Association - the Electronic Payments Association, which operates the ACH system.