Fast, Flexible and Convenient
We are excited to announce that starting September 23, 2016 UMB customers will have access to a faster payment option with Same Day Automated Clearing House (ACH) credit transactions. Same Day ACH is a treasury management tool that can help you meet the evolving needs of your business. Contact your UMB client relationship manager or treasury management officer to let them know you are interested in Same Day ACH.
What is changing?
The National Automated Clearing House (NACHA) has implemented 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.
ACH credit origination
Effective September 23, 2016
ACH debit origination
Effective September 15, 2017
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.