What does OCRF mean? is explained earlier. You might also like some similar terms related to OCRF to know more about it.
An Automated Clearing House (ACH) deposit is an electronic transfer of funds using the Automated Clearing House. The Automated Clearing House is a secure network in the United States through which banks and other financial institutions can transmit electronic transactions. An ACH deposit means that funds are electronically deposited into an account.
The Automated Clearing House (ACH) is the primary system that agencies use for electronic funds transfer (EFT). The regulations for ACH are in 31 CFR Part 210. Those regulations define both the rights and liabilities of all the people involved in the ACH system: government agencies, Federal Reserve banks, financial institutions, and the public.