What does OCRF mean? is explained earlier. You might also like some similar terms related to OCRF to know more about it.
An Automated Clearing House (ACH) deposit is an electronic transfer of funds using the Automated Clearing House. The Automated Clearing House is a secure network in the United States through which banks and other financial institutions can transmit electronic transactions. An ACH deposit means that funds are electronically deposited into an account.
October 13, 2015 - DIRECT DEPOSIT VIA AUTOMATED CLEARING HOUSE (ACH) NOTICE. In an effort to streamline our processes and procedures, FORUM Credit Union will be updating our ACH depositing process. Beginning December 31, 2015 ACH deposits will no longer post to the account prior to their settlement/effective date. ACH deposits will be posted by 9 a.m. on the settlement date indicated by the company or organization funding the account.