ACH

Automated Clearing House – ACH is a reliable electronic funds transfer (EFT) system governed by National Automated Clearing House Association (NACHA).

Related Terms

  • RDFI (Receiving Depository Financial Institutions)

    A financial institution qualified by the National Automated Clearing House Association (NACHA) to receive ACH transactions.

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  • TEL (Telephone Initiated Entries)

    A standard entry class code that enables the originator to initiate a single entry debit to a consumer’s account pursuant to a consumer’s oral authorization obtained over...

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