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 does ACH Mean? What exactly does Automated Clearing House refer to? Automated: the system is made up of computers that work together to process payments automatically (without you or your biller needing to manually handle the payment).