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.
Bank statements can be confusing â especially when they include puzzling terminology like âACH.â You are not alone if you have ever looked at your checking account statement and wondered to yourself, What does ACH mean?. ACH refers to Automated Clearing House, which is a national automated electronic funds transfer system.