Frequently Asked QuestionsWhat Does RDFI (Receiving Depository Financial Institution) mean?

RDFI stands for receiving depository financial institution. This is the recipient’s banking institution that receives the transaction (debit or credit). Once the RDFI receives the transaction and approves it, both banks (ODFI and RDFI) should reconcile.

FAQ Topics

Other Topics in
ACH

• What is the difference between E-check acceptance and ACH?
• What is an Orginator?
• What does ODFI (Originating Depository Financial Institution) mean?
• What Does RDFI (Receiving Depository Financial Institution) mean?
• What is an ACH Operator?
• What is ACH Proof of Authorization (POA)?
• What is ACH?
• What is NACHA?

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