Effective Entry Date means the date placed on an ACH transaction by the Originator of the transaction or the ODFI – it is normally the date the Originator or ODFI intends the transfer to take place.
Effective Entry Date means the date included in any Entry as the date upon or after which such Entry is to be effective.
Effective Entry Date is the date specified by the originator on which it intends a batch of entries to be settled.
Examples of Effective Entry Date in a sentence
Transmission of a File- until 12:00 p.m. EST (Standard or Daylight) on or after the Effective Entry Date.
The Effective Entry Date for an Entry is the date Merchant intends the Debit or Credit to post to the account of the Customer, as stated in the Entry or File of Entries.
If any of those requirements are not met, the Financial Institution shall use reasonable efforts to credit the Receiver’s account in the amount of such Entry no later than the next Business Day following such Effective Entry Date.
When prefunding is in place, the offset transaction to remove funds from Customer’s account will occur on the date the transactions are submitted rather than on the Effective Entry Date.
Entries shall be transmitted to Financial Institution no later than the time and the number of days prior to the Effective Entry Date specified in the Processing Schedule attached hereto and made a part hereof as Schedule B.
More Definitions of Effective Entry Date
Effective Entry Date means the date specified by the Company on which it intends a batch of Entries to be settled.
Effective Entry Date means the pre-set date you choose for the entry to post to the Designated Account Xxxxxx’s account. The actual posting will take place on the Settlement Date (see below).
Effective Entry Date. The Effective Entry Date is a date specified by you on which you intend an Entry to be posted and settled. The Effective Entry Date must be a future date and must not be a Saturday, a Sunday, or a holiday observed by the Federal Reserve Bank as listed in Schedule C. Business ACH Daily Limit for Debits / ACH Collections:50,000.00 Daily Limit ACH Payments: 50,000.00 Daily Limit for External Transfers: 15,000.00 Consumer ACH Daily Limit for External Transfers: 5,000.00 Schedule C - Holidays Use the list below or access the exact dates as provided by the Federal Reserve website at: xxxx://xxx.xxxxxxxxxxx.xxx/holidayschedules/index.html Holiday Calendar: HVCU will be closed on the following standard holidays observed by the Federal Reserve Bank. HVCU will not accept files for processing on the following days, as well as all Saturdays and Sundays. Be careful to make sure that these dates are not used as Effective Entry Dates: New Year’s Day (January 1) Xxxxxx Xxxxxx Xxxx’x Birthday (Third Monday in January) Presidents Day (Third Monday in February) Memorial Day (Last Monday in May) Independence Day (July 4) Labor Day (First Monday in September) Columbus Day (Second Monday in October) Veterans Day (November 11) Thanksgiving Day (Fourth Thursday in November) Christmas Day (December 25) Note: If January 1, July 4, November 11, or December 25 fall on a Sunday, the next following Monday is a standard Federal Reserve Bank holiday. Schedule D - Principal/Owner Guaranty The undersigned hereby individually and irrevocably guarantees the prompt payment and performance of all amounts, fees, and obligations of due and owing to HVCU arising under or in connection with that certain Addendum, dated of even date herewith between you and HVCU. This Guaranty is intended to cover all obligations of the Company under the Addendum, including, but not limited to, (a) the payment of fees and amounts arising under the Agreement or in connection with any deposit Account maintained by Company with HVCU, (b) the compliance by HVCU with all laws, regulations and rules related to your origination and processing of ACH Entries under the Addendum, (c) Company obligations with respect to Reserves and the return of ACH Entries under the Addendum and (d) the accuracy and performance of Company’s warranties under the Addendum. In order to secure the payment and performance of this Guaranty, the undersigned hereby grants to HVCU a security interest in and to all deposit Accounts owned by the under...
Effective Entry Date. The Effective Entry Date (contained in the Company/Batch Header Record(s) of the ACH input file) is a date specified by Company on which it intends an Entry to be posted and settled. The Effective Entry Date must be a future date and must not be a Saturday, a Sunday, or a holiday observed by the Federal Reserve Bank as listed in Schedule D. The Effective Entry Date may be, but isn’t necessarily always, the same date as the settlement of funds.
Effective Entry Date means the date specified by the originator on which it intends a payment to be settled. The “Effective Date” specified by a taxpayer or service provider is the date it intends the payment to be deposited into a State of Rhode Island bank account. Note: NACHA Rules state that for credit entries, “... the effective entry date shall be either one or two banking days following the banking day of process as established by the Originating ACH Operator (the processing date).”
Effective Entry Date means the date specified in an Automated Clearing House Origination or "ACH" service allows you to entry on which you instruct that the payment for that entry is to be made. initiate debit and credit entries through the automated clearing house, which is a funds transfer system for sending and settling for electronic (h) ".Ent a." means a request for a credit to or a debit from a entries among participating financial institutions. Details regarding receiver's deposit account as further defined in the rules and includes all ACH's functionality and certain formatting and other technical data we receive from you regarding an entry. requirements that you must follow when using the ACH origination service are provided in the ACH origination reference materials as we (i) ".Entry class codes."means the codes that distinguish the update them from time to time. various types of entries,as further defined in the rules. 2. .Functioning of the ACH Origination Service- Under the ACH 0) ".File." means a group of entries associated with a given origination service, we act as the originating depository financial transmittal register and related control totals, as further defined in the institution or"ODFI"with respect to entries that you send us or that are rules. sent to us on your behalf. You will be the "originator"for each of those entries. By confirming an ACH origination service profile, you agree to ".Final settlement" means the day an entry is posted to comply with and be bound by the rules(as defined below). the accounnt t of the RDFI the ACH operator. 3.
Effective Entry Date means the date Customer expects payment of an Entry to take place, as set forth in the Entry.