NACHA Rule Change

September 2016: Same Day ACH   

Effective September 23, 2016

The rule will enable the option to initiate same day ACH payments through new ACH Network functionality. This option is in addition to the existing ACH network processing capabilities. The rule will be implemented over three phases with Phase 1 beginning on September 23, 2016.

Phase 1 will support ACH credits only. All transaction types are eligible (except International ACH Transactions (IATs)) up to $25,000 per transaction. All receiving financial institutions must be able to receive same day ACH payments and make funds available to the receiver by the end of the receiving financial institution’s processing day in Phase 1.

There is an additional fee to originate Same Day ACH entries and no additional fee to receive Same Day ACH entries.

Important Legal Disclosures & Information

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