ACH Debit Entry definition

ACH Debit Entry. Refers to an Automated Clearing House Item that results in a debit to your Account. Affiliate: Refers to a company we own or control, a company that owns or controls us or a company that is owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control. Authorized Signer: Refers to any person whose signature appears on the Master Deposit Agreement covering an Account or whom you authorize with or without our knowledge to affect any transactions on your Account.
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ACH Debit Entry means an electronic instruction requesting the withdrawal of funds from your account through ACH.
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ACH Debit Entry. An electronic instruction requesting the withdrawal of funds from your account through ACH.
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Examples of ACH Debit Entry in a sentence

  • Company can elect to collect payments from its payors through the EBPP Service via ACH debit entry or credit/debit card transactions processed through Bank or a merchant service provider acceptable to Bank.

Related to ACH Debit Entry

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Debit Card Transaction means an electronic payment using a Card for the purchase of goods or services (which can include payment for CashBack), by a Cardholder, to a Retailer displaying the Visa logo and/or who is in the Visa Scheme.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.