ACH credit definition

ACH credit means the EFT payment option in which the payer initiates the transfer of funds by authorizing the payer’s financial institution to transfer the payment amount to the depart- ment’s depository bank.
ACH credit means an electronic transfer of funds using the ACH network that is originated by a taxpayer through its financial institution to credit (deposit) funds to a designated State of Rhode Island bank account and debit (withdraw) funds from the taxpayer's bank account for a specified payment amount.
ACH credit means an electronic payment where the electronic transfer of funds is initiated by a taxpayer and is cleared through the ACH for credit to the North Carolina Department of Revenue.

Examples of ACH credit in a sentence

  • Any credit we give you with respect to an ACH credit entry is provisional until we receive final payment.

  • Any credit resulting from an ACH credit or other wire transfer is provisional until we receive final payment.


More Definitions of ACH credit

ACH credit means the electronic transfer of funds cleared through the ACH system that is generated by the taxpayer instructing the taxpayer's bank to charge the taxpayer's account and deposit the funds to the Department's bank account.
ACH credit means an electronic funds transfer generated by a payor, cleared through an ACH for deposit to the Department account.
ACH credit means the electronic transfer of funds generated by a Clerk, cleared through the ACH for deposit to the State Treasury.
ACH credit means an electronic funds transfer:
ACH credit means an electronic funds transfer: Generated by a licensee, and
ACH credit means the payment of funds by electronic means by the taxpayer, cleared through the Automated Clearing House for deposit to the State Treasury.
ACH credit means the payment of funds by electronic means electronic transfer of funds generated by the taxpayer, cleared through the ACH for deposit to the State Treasury.