Same-Day ACH Debits

Last year financial institutions, businesses, and consumers who use the Automated Clearing House network for payment processing gained the ability to send and receive same-day ACH credits. Companies found this capability quite useful and soon were engaging in nearly 200,000 of these transactions daily, according to NACHA, a nonprofit that administers and facilitates ACH payments. And in a TD Bank survey at the 2017 NACHA Payments conference, 40 percent of corporate finance professionals said that same-day ACH is among the top tools for getting paid quickly and lowering the costs of the finance function.

Following on the success of same-day ACH credits, the second phase of same-day ACH processing will enable originators to submit same-day debit requests beginning this Friday, September 15, 2017. As with the credits, same-day debits will be limited to domestic transactions of $25,000 or less.