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.
ACH is a type of wire transaction. it is a debit or credit you have authorized to allow to occur. typically on a recurring basis. for example direct deposit paychecks are ACH's.ACH's can also be withdrawals. David Z Â· 6 years ago.hat does the ACH mean on my checking statment. I&#39;m trying to figure out if this means it&#39;s an online purchase or purchase at a store?