Can someone explain what these letters mean please?
Federal ERD. Money will be sent by ACH from RBT to taxpayer's account.
does RBT have something to do with republican bank transfer? Its the only one I can guess at what it means.
ERD=electronic refund deposit?
Really? Spam? Thats funny cuz I got it off the Rupublican Bank site
- 1 decade agoFavorite Answer
ERD = Electronic Refund Deposit
ACH = Automated Clearing House
RBT = Republic Bank and Trust
Sounds like you had your taxes done at a service, elected a bank product ("take the fee out of the refund"), and now the bank is going to send your proceeds to your account via an ACH debit (a.k.a. direct deposit)
- curtisports2Lv 71 decade ago
Do you have an account with Republic Bank and Trust in Oklahoma? If you do, then it's a notification that your Electronic Refund Deposit is being sent by Automated Clearing House to your account with RBT.
- SheilaLv 61 decade ago
ACH- automated clearing house, also known as direct deposit.
That's the only one I recognize.
- 1 decade ago
ach is for automated clearing house,it means a check has been issued
sounds like you're correct on the other 2 .
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- mannyLv 51 decade ago
This is spam mail talk