ACH Entry NACHA 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.
Stax
JUNE 27, 2024
From $0-$15 for internal wire transfers and up to $35-$50 for external international wire transfer Security measures More secure since every ACH transfer goes through a clearinghouse network governed by NACHA More prone to scams and fraud. The bank then completes the payment on behalf of the customer.
Payment Savvy
NOVEMBER 10, 2022
The ACH network (Automated Clearing House network) allows banks to work with each other without the need to have their own network. Instead, they are under the jurisdiction of NACHA (The National Automated Clearing House Association), which establishes the rules and regulations that all the institutions that are part of the network follow.
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