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ACH Debit
An ACH debit occurs when the receiver’s account is debited.
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ACH Credit
An ACH credit occurs when the receiver’s account is credited.
Related Terms
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ODFI (Originating Depository Financial Institution)
Financial institutions that originate ACH transactions on behalf of its customers. ODFI's must abide by the National Automated Clearing House Association (NACHA) Operating Rules.
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