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.
Additionally, when you deposit a check, the ACH system means that the funds from the writerâs bank will not be cleared until the batch is run. So you will not have access to all of your money until at least the next day in many cases (and sometimes longer).