RDFI

(redirected from Receiving Depository Financial Institution)
Also found in: Financial.
AcronymDefinition
RDFIReceiving Depository Financial Institution (Automated Clearing House transactions)
RDFIRadio Frequency Identification
References in periodicals archive ?
The Reserve Banks and private-sector ACH operators (PSOs) rely on each other to process some transactions in which either the originating depository financial institution or receiving depository financial institution is not their customer.
A payment from another country transmitted into the network is treated no differently by a receiving depository financial institution than an entry originated domestically.
Concurrent with the release of 2016 ACH volume information, NACHA also announced the Top 50 Originating Depository Financial Institutions and Receiving Depository Financial Institutions in 2016.
Among other things, they require all receiving depository financial institutions to accept same-day transactions and require originating depository financial institutions to pay a $0.