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ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

OCTOBER 17, 2023

ACH transfers have become widely adopted as a fast, efficient, and cost-effective way to send and receive payments without physically handling cash or checks. When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI).

ACH

ACH Returns RDFI ODFI

What Does Return Mobile ACH Payment Mean?

Payment Savvy

FEBRUARY 23, 2023

Receiving Depository Financial Institution (RDFI) The RDFI is the bank that is being charged or refunded. If there is a problem with the payment processing, it is usually the RDFI that sends an ACH return message. It receives the ACH entry and submits it to the Receiver. types incorrectly, out of sequence, etc.)

ACH

ACH Returns RDFI ODFI

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ACH Reversals vs. ACH Returns: What’s the Difference?

What Does Return Mobile ACH Payment Mean?

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