5 Important Same Day ACH Questions.


5 Important Same Day ACH Questions.


With a goal to speed up electronic payment transactions, NACHA’s rule change for Same Day ACH has finally started. Here are 5 Same Day ACH Frequently Asked Questions, answered!


1Q: Are the three ACH implementation phases different?

Well, each phase is different.

The first phase begins September 23rd and includes credit transfers with funds availability at the end of receiving financial institution’s (RDFI) processing.

The second phase begins next year on September 15th and includes debits and credit transfers with funds availability at the end of the RDFI’s processing day.

The third phase begins March 16th in 2018 and includes both credit and debit transactions. The RDFI requires fund availability by 5pm.

Related: Same Day ACH Rolling Out in Phases Starting 2016.


2Q: Do financial institutions need to register for Same Day ACH?

A: It is available across all networks. Unlike the opt-in service of the FedACH, there is no need for registration or sign up.


3Q: Are there any plans of the federal government to participate during any phase of ACH implementation?

A: The federal government has no plans to participate in phase 1. This means no forward entry received by or originated from the federal government qualify for same day settlement. There is no information on the federal government’s participation in the other two implementation phases yet.

Related: ACH Payments Increase Sales by 6%.


4Q: What are the plans on the collection of Same Day Entry Fee?

A: The new ACH rule requires 5.2 cent as Same Day Entry Fee for each transaction collected by ACH operators, credited to RDFIs and processed from ODFIs to support same day settlement and cover RDFIs’ cost of doing the same.


5Q: Will ACH operators or NACHA retain some portion of the fee?

A: No, neither NACHA nor ACH would retain a part of the 5.2-cent fee required under the rule change.

Related: Will Faster ACH Payments Cause Problems for Fraud Monitoring?


If you have any more questions regarding Same Day ACH, feel free to Contact Us and we will clear up any doubts for you. You may also read more Questions and Answers by clicking the link below:

Click Here for the Same Day ACH Questions page.


Contact Us for more information on Credit Card Processing, or eChecks and ACH Transactions. Or take us up on our FREE Merchant Account Analysis offer. We’ll analyze your merchant account rates and let you know how to Save! If you are ready, you may be able to Switch and Save!



Share This