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.
Address comments and questions to the Federal Reserve Bank Services Webmaster.
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