ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?
Stax
JUNE 27, 2024
ODFI submits ACH file – The originator’s bank or payment processor, also known as the originating depository financial institution (ODFI) submits the ACH entry containing the payment details. If you wish to set up and make a recurring ACH transfer, say for a monthly bill, you can set up a recurring ACH payment through your bank.
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