ACH debit definition

ACH debit means any completed or attempted debit to a Person’s account at a financial institution that is processed electronically through the Automated Clearing House Network.
ACH debit means the EFT payment option in which the payer initiates the transfer of funds by authorizing the depart- ment’s depository bank to transfer the payment amount from the payer’s account.
ACH debit means an electronic transfer of funds initiated by Rhode Island Division of Taxation, upon taxpayer instruction, to debit a taxpayer's designated bank account and credit funds to a designated State of Rhode Island bank account.

Examples of ACH debit in a sentence

  • Pricing based on AGENCY absorbing the fees for the Services (“Absorbed Fee Model”) will result in fees being billed to the AGENCY monthly in arrears and will automatically be debited from AGENCY’s designated account via ACH debit.

  • CUTX prefunds each ACH debit entry you schedule on the date the External Transfer is set to process.

  • Accepted payment includes cash, check, PayPal, ACH debit and MC or Visa credit (not debit) cards.

  • You may place stop payment orders through Online Services on checks, preauthorized point of sale (POS) transfers and payments, and ACH debit entries that have not yet posted to your account.


More Definitions of ACH debit

ACH debit means an electronic transfer of funds from a payor’s account, as indicated on a signed authorization agreement, that is generated at a payor’s instruction on AZTaxes.gov and cleared through an ACH for deposit to the Department account.
ACH debit means any completed or attempted debit to a Person’s account
ACH debit means an electronic payment where the electronic transfer of funds from the taxpayer's account at a financial institution is initiated either through the Data Collection Center or online (bank draft) upon the taxpayer's instruction and is cleared through the ACH for deposit to the North Carolina Department of Revenue.
ACH debit means the electronic transfer of funds cleared through the ACH system that is generated by the taxpayer instructing the Department, using the Department’s telephonic or Internet Paperless Filing and Payment system, to charge the taxpayer’s bank account and deposit the funds to the Department’s bank account. See Rule 810-13-1-.10 entitled Procedures for ACH Debit Payment Method.
ACH debit means the payment of funds by electronic means electronic transfer of funds from the taxpayer’s account which is generated upon the taxpayer’s instruction and cleared through the ACH for deposit to the State Treasury.
ACH debit means an electronic transfer of funds from a payer’s account:
ACH debit means the payment of funds by electronic mean from the taxpayer’s account which is generated upon the taxpayer’s instruction and cleared through the Automated Clearing House ACH for deposit to the State Treasury.