Outgoing Funds from a Sub Account (ODFI)
For example, there is an outgoing ACH debit of $10 to an external bank account:- All outgoing transactions can only be originated from the Sub Account. In the example below, a $10 ACH debit transaction originated from the Sub Account, and it results in a Sub Account transaction txn_1
- The outgoing transaction is subsequently debited from the Master Account and sent for clearing (via the partner bank). This results in a Master Account transaction txn_2
- txn_2 reconciles txn_1
ODFI Flow of Funds
Incoming Funds into a Sub Account (ODFI)
For example, there is an incoming ACH credit of $10 from an external bank account:- All incoming transactions are first ledgered in the Master Account. $10 is credited to the Master Account, and it results in a Master Account transaction txn_1
- The incoming transaction is subsequently credited to the Sub Account based on the beneficiary account number. This results in a Sub Account transaction txn_2
- txn_2 reconciles txn_1
RDFI Flow of Funds