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.
Best Answer: ACH, Automated Clearing House, refers to the government's system that supports electronic transfers. EFT, Electronic Funds Transfer, refers to the process in which funds are sent through this clearinghouse system.hat does ACH means in referring to bank terms? I just was wondering what ACH stands for when financial institutions use it? I know when I log on to my online banking I see the letters ACH.