ACH Entry IAT RDFI 
Payment Savvy
FEBRUARY 23, 2023
Receiving Depository Financial Institution (RDFI) The RDFI is the bank that is being charged or refunded. It receives the ACH entry and submits it to the Receiver. Receiver The receiver is the individual or company that allows the Originator to initiate an ACH entry.
Payment Savvy
NOVEMBER 10, 2022
When it comes to an ACH transaction, there are two main participants. There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. CCD/CCD+ – Corporate Credit or Debit Entry.
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