Stax

JUNE 23, 2025

Your bank (the ODFI) will collect all the transaction files you sent and forward them to an ACH operator. The operator will send the files to the recipient’s bank, which is called the RDFI (Receiving Depository Financial Institution). You will know if the RDFI has pulled the funds when you receive your payment.

ACH 88

ACH API Payment APIs and Integration ACH Network 88

Stax

APRIL 23, 2024

Many small businesses choose ACH operators because they are more convenient than most direct deposits. ACH transfers don’t come with high fees and transactions and they’re easily edited if an employer wants to adjust payroll, extend bonuses, or reimburse an employee.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

Payment Savvy

FEBRUARY 23, 2023

Originating Depository Financial Institution (ODFI) The ODFI receives the request from the Originator and passes it to the ACH Operator. ACH Operator The ACH Operator links the two accounts by processing transactions (e.g., It receives the ACH entry and submits it to the Receiver.

ACH 52

ACH Returns RDFI ODFI 52

Payment Savvy

NOVEMBER 10, 2022

When it comes to an ACH transaction, there are two main participants. There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. The request is then sent to an ACH operator.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52