Same Day ACH Resource Center
This resource center presents information about Same Day ACH and the impact on FedACH® Services. In May 2015, an ACH Rules change passed providing for the same-day processing and settlement of virtually any ACH payment. Since 2015, the ACH Rules have changed with respect to availability and dollar limits of Same Day ACH transactions as well as processing windows.
The latest ACH Rules change to increase the Same Day ACH dollar limit to $1 million per payment was effective March 18, 2022. The increased dollar limit applies to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers. In conjunction with the third Same Day processing window, the increased dollar limit is expected to contribute to the ongoing adoption of Same Day ACH.
FedACH Resources
Below are resources to help your institution with these changes.
- FedACH Processing Schedule
- Effective September 12, 2022
- Shows the transmission windows, target distribution times and settlement schedules for FedACH Services and the FedACH SameDay Service
- Effective September 12, 2022
- FedACH Services Settlement Tips: Same Day ACH Third Processing Window
- Includes the following tools to assist you with balancing:
- Sample settlement advices
- Sample settlement summaries report
- Accounting Transaction Codes
- Includes the following tools to assist you with balancing:
- Recent Fed360 Articles
- Preparing for the third Same Day ACH window: Testing opens soon (January 15, 2021)
- Extension of Discount Window closing time, effective March 8, 2021 (February 1, 2021)
- Announcing amendments to Operating Circulars 4, 6 and 12 (February 16, 2021)
- Preparing for the third Same Day ACH window: Helpful settlement tips (March 1, 2021)
- Preparing for the third Same Day ACH window: Top Five Things to Know (March 17, 2021)
- Mark your calendar: Same Day ACH dollar limit will increase on March 18 (March 3, 2022)
- Frequently Asked Questions (FAQ)
- Answers to questions about Same Day ACH Transaction Transmission and Settlement, Sample Scenarios and more
- Pinpoint Same Day ACH entries with the ACH Originated Batch Report via the FedPayments® Reporter Service for FedACH
- Easily determine if a batch contained same-day entries
- Analyze why the batch was processed as same day
- Quickly view the credit and debit dollar entry counts as well as the Nacha Entry Fees applied
Nacha Resources
Additional information about the rules approved to expand the capabilities of Same Day ACH for all financial institutions and their customers can be found on Nacha’s website.
- March 18, 2022 Press Release: Same Day ACH Expansion to $1 Million Begins Today (Off-site)
- March 22, 2021 Press Release: The ACH Network Marks the Successful Expansion of Same Day ACH (Off-site)
- Same Day ACH Resource Center (Off-site)
- Provides the latest information for the ACH industry including quarterly statistics and a variety of guides and educational documents
- Implemented Changes page (Off-site)
- Includes additional details about each phase, as well as the technical Rules updates and the impacts by party (e.g., ODFI, RDFI, Originators/Third Parties)
Questions
If you have questions, please contact FedACH and Check Services Customer Support at (877) 372-2457.