Business Day

Refers to any weekday with the exception of federal holidays.

Related Terms

  • Originator

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

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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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