Stax

JUNE 23, 2025

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. This operator forwards the files to the recipient’s bank (RDFI). Q: What are some features included in API integration?

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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?

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ACH Returns RDFI ODFI 52

Stax

JUNE 27, 2024

ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details. This is the first step for both debits and credits. The bank then completes the payment on behalf of the customer.

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Wire Transfer Wires Wire ACH 88

Nanonets

MARCH 21, 2023

The ACH network then combines each message into a batch that is sent to the bank receiving the request (the receiving depository financial institution, or RDFI). Day 1, 10:00 PM: The processor works in conjunction with your bank (the ODFI) to submit a file to the ACH network. This happens every day at 6 predecided intervals.

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