your rights about how to resolve disputes. Please read it carefully.
The mechanism behind the ACH/SEPA transaction is simple. Foremost, a sender uses the ACH/SEPA network to initiate a direct payment or direct deposit. The ODFI (the bank of the sender) will send out the ACH/SEPA transaction along with other ACH/SEPA transactions of other bank account holders to the ACH/SEPA operator which is usually a clearing house or the Federal Reserve.
The transaction will be processed by the ACH/SEPA operator and made available to the RDFI (the bank of the recipient). Once the transaction has been received by the recipient, the transaction is complete.
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