Same-Day ACH is Here!
What is the Same-Day ACH Rule?
On September 23, 2016, NACHA (The National Automated Clearing House Association) will implement a new rule allowing same day settlement for eligible ACH credit transactions and non-monetary transactions that are processed by the ACH Network. This new rule will allow for faster funds availability, reduced risk and new payment opportunities.
Are there limits for same-day ACH Payments?
Yes. Individual transfers will be limited to $25,000 for qualifying standard entry class codes, such as PPD (used for corporate-to-consumer payments) and CCD (used for corporate payments). This limit applies to individual transactions and not to the ACH batch total. If a same-day ACH batch includes items that are under $25,000 and items that are over $25,000, the items that are over $25,000 would be originated with an effective date equal to the next processing day.
What are the three phases of the Same-Day ACH Rule?
The Same-Day ACH Rule will be introduced in three phases. The rule will initially apply only to credit transactions, with debit transactions being added in September of 2017.
Phase 1: September 23, 2016 Same-day ACH origination will be available for credit transactions only.
Phase 2: September 15, 2017 Same-day ACH origination will include debit transactions.
Phase 3: March 16, 2018 Same-day ACH credits must be available in receiver’s account by 5:00pm local time.
Are banks required to participate in same-day ACH processing?
No. The rule requires that banks are able to receive and process same-day transactions, but the ability to send same-day ACH transactions is not a requirement.
Is there a fee to process same-day ACH transactions?
Yes. To support the new Same-Day ACH Rule, the originating company will be assessed a fee per same- day ACH processed.
Where can I obtain more information about the Same-Day ACH Rule?
NACHA maintains a reference site for all ACH users at:
You may also contact Western States Bank’s eBanking Department at 866-252-7801 if you have any further questions.