EBizCharge

OCTOBER 17, 2023

When this happens, the Receiving Depository Financial Institution (RDFI) automatically initiates a return of the funds to the Originating Depository Financial Institution (ODFI). Review and ACH return initiation: The RDFI will evaluate the transaction and identify the specific issue before initiating the return. What is an ACH return?

ACH 52

ACH Returns RDFI ODFI 52

Stax

JUNE 27, 2024

The utility company (the ODFI) passes the ACH files to the financial institution, which then sends a file with the payment request to the customer’s bank (the RDFI). Your bank sends the ACH files with the payment details based on the ACH instructions to the utility company (merchant).

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

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 52

ACH Returns RDFI ODFI 52