what does "ACH-DEP DCD" mean?

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  • 1 decade ago
    Best Answer

    ACH-DEP - ACH stands for automated clearinghouse and DEP indicates a deposit. These are standard banking shorthand items for transactions that run through the automated banking clearinghouse that virtually all commercial banks use for transaction processing. DCD is 'dual-currency' deposit. I am fairly sure that means you were paid in the currency outside of your account currency. For example, if you have an account in a US bank, it is denominated in US dollars. If someone send British Pounds or Euros to your account for a wire transfer, that would be considered a dual-currency deposit.

  • 3 years ago

    Ach Dep

  • 4 years ago

    Indianapolis, Indiana

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