Operating Rules definition
Examples of Operating Rules in a sentence
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 rules in effect.
These transfers will be processed under the Operating Rules of the National Automated Clearing House Association ("NACHA") and you agree to comply with the NACHA rules.
The Contractor, the sponsoring bank, or the bank or financial institution that is otherwise utilized by the Contractor for processing payments must be and remain a member of the National Automated Clearing House Association (“NACHA”) and shall comply with all applicable NACHA Operating Rules throughout the term of the Contract.
Under the Operating Rules of the National Automated Clearing House Association which are applicable to ACH transactions involving your account, we are not required to give next-day notice to you of receipt of an ACH item, and we will not do so.
If you are a party to an ACH entry, you agree to be bound by such terms and conditions and the National Automated Clearing House Association (“NACHA”) Operating Rules, the Rules or any local Automated Clearing House, and the Rules of any other system through which the entry is made.