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What Does Return Mobile ACH Payment Mean?

Payment Savvy

FEBRUARY 23, 2023

Receiving Depository Financial Institution (RDFI) The RDFI is the bank that is being charged or refunded. If there is a problem with the payment processing, it is usually the RDFI that sends an ACH return message. It receives the ACH entry and submits it to the Receiver.

ACH

ACH Returns RDFI ODFI

ACH SEC Codes

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.

SEC Codes

SEC Codes ACH ODFI Wire Transfer

Payments Space

What Does Return Mobile ACH Payment Mean?

ACH SEC Codes

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