Authorization IAT RDFI 
Payment Savvy
FEBRUARY 23, 2023
Some of the most common ACH return codes are caused by incorrectly entered information or insufficient funds available, while others can be more complicated and include issues with authorization and more. Receiving Depository Financial Institution (RDFI) The RDFI is the bank that is being charged or refunded.
Payment Savvy
NOVEMBER 10, 2022
There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. To put it simply, the ODFIs are the financial institutions that send the transaction, while RDFIs are the institutions that receive it.
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