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Same-Day Clearing & Settlement for ACH Debit Transactions

Posted on January 27th, 2017

NACHA Announces:         Phase 2 of SAME DAY ACH

Effective September 15, 2017

 

NACHA – The Electronic Payments Association brought the industry together to move payments faster on the ACH Network.  Same Day ACH builds upon existing ACH Network next-day settlement capabilities, and establishes a new same-day settlement capability giving consumers, businesses and governments an option to send and receive payments faster.

Rule Specifics: 

Receiving Depository Financial Institutions (RDFI):  The Rule requires that all RDFIs receive same-day transactions and provide faster funds availability to customers.

Originating Depository Financial Institutions (ODFI): Under the new Same Day ACH Rule, two new same-day settlement windows will be added to the ACH Network, increasing the number of settlements between financial institutions from one to three times each day.

TBK Bank, SSB Same Day ACH Processing Schedule

Batches Submitted Sent to Fed Qualifies for Same Day
4:01pm-9:30am CST 10:45am CST YES
9:31am-4:00pm CST 6:00pm CST NO


Limitations:

To be eligible for Same Day ACH Origination:

  1. Effective September 15, 2017, debit files are added to Same Day ACH. (Credit files were allowed as Same Day ACH beginning September of 2016.)
  2. Each transaction within the batch must be $25,000 or less.
  3. Must not be an International ACH Transaction (IAT).

For pricing information on Same Day ACH, please contact your bank executive.

COMING IN MARCH 2018 – PHASE 3 – FASTER FUNDS AVAILABILITY FOR SAME DAY ACH

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