ACH payments definition

ACH payments. An ACH payment, or automatic payment, is an electronic deposit to, or withdrawal from, your HMBradley Account that we receive or send through the ACH Network. Direct deposits of your payroll and your one-time or recurring payments are examples of ACH payments. Automated Teller Machine or ATM: A machine that allows you to make cash withdrawals from your HMBradley Account and view your available balance. Available balance: The amount of your previous day’s account balance, plus pending credit transactions, such as ACH direct deposits (but excluding pending debit card purchase returns) minus: (1) pending charges that we authiorized or are legally obligated to pay or have already paid, such as debit card purchases, electronic payments or other transactions, (2) the amount of deposits that are not yet available for withdrawal under our Funds Availability Policy, (3) balances in any Plans; and (4) the amount of any legal holds on your account balance. Business day: Any day except Saturdays, Sundays, federal holidays and any day the Bank is not open for business. Check: A written order to pay a specific amount of money drawn on, payable through, payable at or processed by a bank or other depository institution. If a check is sent or returned as an electronic image or as a substitute check, it still is a check. Debit card transaction: Any purchase or bill payment using a debit card or debit card code or token. A debit card transaction may be either a non-recurring, one-time purchase transaction (such as a purchase at a restaurant) or a recurring payment (such as a cellphone bill). Direct deposit: An automatic electronic deposit made through the ACH Network to your HMBradley Account by a third party (such as an employer issuing payroll or a government paying benefits). Electronic funds transfer (“EFT”): Any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument that is initiated through an electronic terminal, telephonic instrument, computer, electronic device (including tablets, mobile devices or cell phones), the Internet, EuroPay, MasterCard and VISA chip (emv chip), or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit your HMBradley Account. Endorsement: A signature, stamp, or other mark made on a check to transfer the check to another person (i.e., negotiation) or for deposit to the HMBradley Account. Hold on your account: The amount of money in your HM...
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ACH payments means electronic payments made on the Loans pursuant to the Automatic Clearinghouse payment system.
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ACH payments. An ACH payment, or automaNc payment, is an electronic deposit to, or withdrawal from, your HMBradley Account that we receive or send through the “ACH” Network. Direct deposits of your payroll and your one-Nme or recurring payments are examples of ACH payments. Automated Teller Machine or ATM: A machine that allows you to make cash withdrawals from your HMBradley Account and see your available balance.
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Examples of ACH payments in a sentence

  • Our payment terms are normally driven by the client, but preference would be ACH payments with Net 30 terms.

  • Availability of Check Deposits; Generally We will delay the availability of funds from your deposits in accordance with Sections 7.03 (Next-Day Availability), 7.04 (Second-Day Availability), and 7.05 (Longer Delays May Apply) of this Agreement and you will not be able to withdraw the funds and we will not use the funds to pay your debit card transactions, wire transfers, ACH payments or other payment orders.

  • ACH Payments and NACHA Rules You acknowledge that we process all ACH payments and transfers under the Operating Rules of the National Automated Clearing House Association (NACHA) and we are bound by and comply with the NACHA rules.

  • Instructions for you to make direct bank to bank wire transfers or ACH payments will be provided upon request.

  • CLA’s electronic online bill pay platform xxxxxxxxxx.xxx/xxxxxxx accepts credit card and Automated Clearing House (ACH) payments.

  • The parties agree that these damages are a good faith estimate of the damages caused by such a breach of the Agreement, including the increased resources required to be expended by Purchaser to respond to the breach, the increased cost of funds to Purchaser caused by the failure to receive expected funds, the risk to Purchaser’s ability to request ACH payments through the NACHA system caused by initiating rejected ACHs, and other damages and expenses caused by the breach.


More Definitions of ACH payments

ACH payments means payments of Monthly P&I received from Mortgagors ------------ subscribing to the automatic debit option offered by the Servicer.
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ACH payments. We receive data files every day from the Federal Reserve with Automated Clearing House (ACH) transactions. These include, for example, automatic bill payments you have authorized. ACH transactions for your account are posted throughout the day in order of receipt. ◦ PIN-Based Debit Card Purchase Transactions: These are purchase transactions using your debit card for which a merchant may require you to enter your personal identification number (PIN) at the time of sale. They are processed through a PIN debit network. These transactions are similar to ATM withdrawal transactions because the money is usually deducted from your account immediately at the time of the transaction. However, depending on the merchant, a PIN-based transaction may not be immediately presented for payment. ◦ Signature-Based Debit Card Purchase Transactions: These are purchase transactions using your debit card that are processed through a signature-based network. Rather than entering a PIN, you typically sign for the purchase; however, merchants may not require your signature for certain transactions. Merchants may seek authorization for these types of transactions. The authorization request places a hold on funds in your account when the authorization is completed. The “authorization hold” will reduce your available balance by the amount authorized but will not affect your actual balance. The transaction is subsequently processed by the merchant and submitted to us for payment. This can happen hours or sometimes days after the transaction, depending on the merchant and its payment processor. These payment requests are received in real time throughout the day and are posted to your account when they are received. The amount of an authorization hold may differ from the actual payment because the final transaction amount may not yet be known to the merchant when you present your card for payment. For example, if you use your debit card at a restaurant, a hold will be placed in an amount equal to the bill presented to you; but when the transaction posts, it will include any tip that you may have added to the bill. This may also be the case where you present your debit card for payment at gas stations, hotels and certain other retail establishments. We cannot control how much a merchant asks us to authorize, or when a merchant submits a transaction for payment.
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ACH payments. An ACH payment, or automatic payment, is an electronic deposit to, or withdrawal from, your HMBradley Account that we receive or send through the “ACH” Network. Direct deposits of your payroll and your one-time or recurring payments are examples of ACH payments. Automated Teller Machine or ATM: A machine that allows you to make cash withdrawals from your HMBradley Account and see your available balance.
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ACH payments. Bank: Bank of America NT&SA 0000 Xxxxxxx Xxxx. Concord, CA 94520-3282 Routing Number: [***]Account Number: [***]Account Name: Digital Loudoun Parkway Center North, LLCReference: Tenant Account No./Invoice No. Wire Transfer: Bank: Bank of America NT&SA 000 Xxxx 00xx Xx. Xxx Xxxx, XX 00000 Routing Number: [***]SWIFT: [***]Account Number:[***]Account Name: Digital Loudoun Parkway Center North, LLCReference: Tenant Account No./Invoice No. Check Payments: Regular Mailing Address: Digital Loudoun Parkway Center North, LLCP.O. Box 418833Boston, MA 02241-8833 Overnight Mailing Address: Bank of America Lockbox ServicesDigital Loudoun Parkway Center North, LLC 418833MA5-527-02-000 Xxxxxxxxx Xxxx.Dorchester, MA 02125 Contact Information: Director of Cash ManagementDigital Realty TrustFour Embarcadero Center, Suite 0000Xxx Xxxxxxxxx, XX 00000X: (415) 738-6500F: (415) 848-9363Email: Xxxxxxxx@xxxxxxxxxxxxx.xxx
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Related to ACH payments

  • Payments has the meaning set forth in Section 8.11.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Reimbursement Amounts As defined in Section 3.22.

  • Processing Fees means all routine, generally applicable City-wide fees required by the City for processing applications and permits including, but not limited to, fees for land use applications, building applications, building permits, and certificates of occupancy.

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).