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Same Day ACH


The National Automated Clearing House (NACHA) recently approved the Same Day ACH Rule which will enable the option for same day payments within the US.  As a result, payments and collections will occur on the assigned effective date and may post faster and more frequently than before. This can be a great benefit when you are receiving a payment, but also means that payments you make may clear your account sooner than they have before.  This change applies to all financial institutions and merchants/vendors offering ACH services and all account holders receiving ACH transactions.

The requirements for this Rule are being implemented in three phases:

PhaseEffective DateRequirements
Phase 1 September 23, 2016 Includes credits only with funds availability at the end of the Receiving Depository Financial Institution's (RDFI) processing day
Phase 2 September 15, 2017 Includes credits and debits with funds availability at the end of the RDFI's processing day
Phase 3 March 16, 2018

Includes both credits and debits with funds availability required by the RDFI at 5:00 pm EST

How will this affect you?

It is important to make sure that funds are available in your account before you make in-person, online, or telephone payments to avoid incurring overdraft fees. Checks should never be issued nor payments scheduled if sufficient funds are not available to satisfy the payment.  Previously, ACH transactions could have taken 1-2 days to process; now, the same transactions may post the same-day on which you authorize them.

For questions about ACH please call the Electronic Services Department at 410-641-1700.

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