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.
Commercial Deposit Services. Collection of ACH Funds (Automated Clearing House) Create electronic transfers to collect funds from other companies or individuals on a one-off basis or through scheduled recurrences from your clients electronically by originating ACH through First IB, crediting your account.