Banking Day

A day on which the development financial institution (DFI) is open to the public and performing a majority of their banking functions, or, in the case of an ACH Operator, a day that the facility is operating.

Related Terms

  • ACH Debit

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

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  • Originator

    A company, individual or entity that initiates entries into the ACH network.

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