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 is Automated Clearing House? Automated Clearing House, or ACH, is a massive financial network that processes interbank transactions in the U.S. Examples of ACH transfers include employee direct deposit, business-to-business fund transfers, and consumer payments made directly from a bank account.