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Definition, Financial

Receiving Depository Financial Institution

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Definition[edit | edit source]

A Receiving Depository Financial Institution (RDFI) is

“ the [institution] that receives ACH entries from the ACH Operator and posts the entries to the accounts of its depositors (Receivers).[1] ”

References[edit | edit source]

  1. ↑ "Understanding the ACH Network: An ACH Primer," at 11 (full-text).
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