ODFI, Rules and Transaction Limits

Search:

DAY

WEEK

MONTH

YEAR

Select your country:
Sign up | Log in

ODFI

Rules

Transaction Limits

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

JUNE 27, 2024

Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. All banks in the network have to follow rules and guidelines set by the National Automated Clearing House Association (NACHA). This is the first step for both debits and credits.

Wire Transfer

Wire Transfer Wire Wires ACH

ACH Transfers: How long do they take?

Nanonets

MARCH 21, 2023

NACHA is a non-profit organization that is self-regulating, and they’re responsible for supervising and making rules for ACH transactions. Each transfer is sent as a message within a batch of outgoing requests by the bank making the request (known as the originating depository financial institution, or ODFI).

ACH

ACH RDFI ACH Network ODFI

Payments Space

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

ACH Transfers: How long do they take?

Stay Connected