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.
Automated Clearing House (also referred to as ACH) is the network that processes electronic financial transactions in the United States. This contains large volumes of credit and debit transactions in batches from a variety of different types of organizations and businesses.xamples of ACH credit transactions would include direct deposit payroll and payments to vendors made electronically. ACH direct debit transfer examples include consumer payments on things like insurance premiums, mortgage loans, cell phone bills and other monthly types of expenses.