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. A good example are pro service providers that allow their clients to pay via ACH for large amounts.

ACH 88

ACH API Payment APIs and Integration ACH Network 88

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

A clearing house is a network of over 10,000 financial service providers in the US, including banks and credit unions. 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).

Wire Transfer 88

Wire Transfer Wire Wires ACH 88