ACH Debit

An ACH debit occurs when the receiver’s account is debited.

Related Terms

  • COR (Notification of Change)

    A COR entry is initiated by a receiving depository financial institution (RDFI) to inform an originator of incorrect information submitted in an entry. The originator must correct...

    Learn More
  • Surcharge

    A surcharge is an extra fee that’s added to the regular total amount.

    Learn More