Automated Clearing House definition

Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.
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Automated Clearing House or “ACH” means a national and governmental organization with authority to process electronic payments, including the National Automated Clearing House Association and the Federal Reserve System.
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Automated Clearing House. Network or "ACH Network" shall mean the network of participants involved in an ACH transaction, including parties originating Entries, ODFIs, RDFIs and parties receiving Entries.
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Examples of Automated Clearing House in a sentence

  • Unless otherwise provided herein, all distributions to the Partners will be made as Automated Clearing House (ACH) deposits into an account designated by each Partner.

  • All items or Automated Clearing House (ACH) transfers credited to your account are provisional and subject to our receipt of final payment.

  • We receive data files every day from the Federal Reserve with Automated Clearing House (ACH) transactions.

  • We may rely on the number even if it identifies a financial institution, person, or Account other than the one named.‌‌ ACH (Automated Clearing House) Credits and Debits – For each ACH transaction, you agree that the transaction is subject to the National Automated Clearing House Association (“NACHA”) Operating Rules and any local ACH operating rule then in effect.

  • Company wishes to initiate ACH Entries (as defined below) pursuant to the terms of this ACH Origination Agreement and the rules of the National Automated Clearing House Association (NACHA) (the “Rules”) and local, State and Federal regulations (“Applicable Law”).


More Definitions of Automated Clearing House

Automated Clearing House or “ACH” shall mean the automated clearing house as designated by Buyer and agreed upon by the Parties.
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Automated Clearing House means any corporation or association which operates an electronic clearing and transfer mechanism for the transfer of preauthorized recurring debits and credits between financial institutions on behalf of the financial institutions’ costumers.
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Automated Clearing House or “ACH” means an electronic network for financial transactions administered by NACHA-The Electronic Payments Association.
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Automated Clearing House or “ACH” means a central distribution and settlement point for the electronic clearing of debits and credits between financial institutions.
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Automated Clearing House means a facility that processes debit and credit transactions under rules established by a Federal Reserve Bank operating circular on automated clearing house items or under rules of an automated clearing house association.
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Automated Clearing House. (ACH) means any entity that operates as a clearing house for elec- tronic debit or credit entries pursuant to an agree- ment with an association that is a member of the National Automated Clearing House Association.
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Automated Clearing House or “ACH” means the network operated by the Federal Reserve and financial institutions to electronically process and settle funds transfers between financial institutions.
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