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What is changing?

The National Automated Clearing House (NACHA) is implementing a change to the operating rules which enables same-day processing of ACH payments. For more information about the Same Day ACH rule change, visit NACHA’s website.

When will this change occur?

The new NACHA rule will be implemented in three phases beginning in 2016 and continuing into 2018.

Phase 1
ACH credit origination
Effective September 23, 2016
Phase 2
ACH debit origination
Effective September 15, 2017
Phase 3
Fund availability by 5:00 p.m.
Effective March 16, 2018

 

Which payments are eligible for Same Day ACH?

Nearly all types of ACH payments will be eligible for same-day processing once all phases have been implemented. Only credit ACH transactions will be eligible in 2016. Ineligible transactions include international transactions (IATs) and transactions of more than $25,000.

NOTE: The U.S. government will not be participating in Same Day ACH when it becomes effective on September 23, 2016. Any ACH originated from, or received by, the U.S. government will not be eligible for same day settlement, and will continue to settle on a future date regardless of submission date and time. This only applies to federal government payments.

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Same day ACH faster funds availability

Faster funds availability

When you initiate eligible ACH payments with same-day processing, your payees will receive funds on the same business day.

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Same day ACH flexibility to meet business demands

Flexibility to meet business demands

Process payments more efficiently and with the flexibility you need in today’s market.

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Same day ACH convenient process

Convenient process

Conveniently manage urgent payment requests or time-sensitive fund transfers.

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Same day ACH improved risk management

Improved risk management

Faster payment processing means less outstanding credit between you and your customers and vendors, which can improve your ability to manage credit risk.

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Watch NACHA’s video to learn more about Same Day ACH