FedACH® SameDay Service (in effect through Thursday, September 8, 2016)

This service accomplishes processing, editing, distributing, and settling of most types of ACH forward payments during the current processing day. All types of SEC code transactions, both debit and credit payments, can be sent via the FedACH SameDay Service with the exception of International ACH Transactions (IAT), Check Truncated Entry (TRC) and Check Truncated Entries Exchange (TRX) transactions.

The FedACH SameDay Service may be utilized by FedACH customers only and is available on an opt-in basis for Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs). Opt-in status may be changed monthly.

On September 23, 2015, the Federal Reserve Board announced its approval (Off-site Link) of changes to FedACH Services in support of NACHA’s Same Day ACH Rule that was passed in May 2015.

Refer to the Same Day ACH Resource Center for information about Same Day ACH and the impact on FedACH Services.

Under NACHA’s Same Day ACH Rule, the processing schedule described below will be replaced on September 23, 2016 with a new processing schedule (PDF).

Request that we contact you regarding the FedACH SameDay Service.

The FedACH SameDay Service Processing Schedule (all times Eastern)

  • Forward items may be sent between 2:15 a.m. and 2:00 p.m.
  • Items received by 2:00 p.m. will settle at 5:00 p.m.
  • Returns of forward items may be sent between 2:00 p.m. and 4:30 p.m.
  • Items received by 4:30 p.m. will settle at 5:30 p.m.

Discover the benefits of the FedACH SameDay Service

  • Low-cost option for accelerated clearing and settlement.
  • Customize the service to meet your needs.
  • Accommodates business as well as consumer transactions.
  • Service can easily fit within your existing portfolio of offerings.
  • ODFIs have earlier access to funds along with the prospect of reduced risk for any same-day forward payments that are returned since such returns are accelerated by one day.
  • RDFIs may realize transaction cost savings since there is no charge for receipt of forward payments or origination/receipt of same-day returns.

Learn More

To learn more about the FedACH SameDay Service, please contact your Account Executive. To sign up for this service, please see Part 6F of the FedACH Participation Agreement.