Debit Card Debit Transaction RDFI 
Nanonets
MARCH 21, 2023
The ACH network then combines each message into a batch that is sent to the bank receiving the request (the receiving depository financial institution, or RDFI). Day 2, 12:00 PM: The ACH network delivers this latest round of files as ACH credit requests to every bank where your employees have an account (the RDFIs).
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. Another thing is that payment methods such as credit or debit cards have expiration dates.
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