Effective Entry Date definition
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.
Any machine or equipment shall be returned cleaned and in a well-maintained condition and free from damage.
More Definitions of Effective Entry Date
Effective Entry Date refers to the date the Originator intends for ACH Entries to post.
Effective Entry Date means the date specified by the Company on which it intends a batch of Entries to be settled.
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.
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 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. 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 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.