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.
What Does ACH Mean on My Checking Statements? ACH refers to Automated Clearing House, which is a national automated electronic funds transfer system. Many types of payments are made using the Automated Clearing House, including direct deposits, tax payments and bill payments.