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.
Each deposit included in the Company / Batch Header Record of an ACH file includes one Entry Detail Record with the following information (position numbers are listed in parentheses). An ACH file is a simple ASCII-format file that adheres to Automated Clearing House specifications.