2021 Q1 Volume and Value
The modern ACH Network saw volume soar in the first quarter of 2021, setting two new records in the process.
Quarterly volume of 7.1 billion payments was an increase of 11.2% from the same period in 2020. The value of those payments was $17.3 trillion, reflecting a nearly 19% increase from a year earlier.
The first new record was set in February, when ACH volume averaged more than 118 million payments per day, the ACH Network’s highest daily average for a month.
The second was in March, when ACH volume hit 2.7 billion payments, the largest monthly volume in ACH Network history. This included approximately 110 million economic impact payments by Direct Deposit from the federal government.
2020 ACH Network Volume
There were 7 billion payments made on the ACH Network during the fourth quarter of 2020, reflecting an 8.9% increase over the same period in 2019.
ACH growth accelerated in key areas that represent a quickening shift away from check payments. Payments to individuals by Direct Deposit increased by 11.1% to more than 2 billion. Internet-initiated consumer ACH payments for bills and other account transfers grew by 15.2% to more than 2 billion. Person-to-person (P2P) payments completed by ACH grew by 44% to 62 million. Business-to-business (B2B) payments by ACH for vendor and supply chain payments rose almost 15% to 1.2 billion.
Same Day ACH volume climbed 35.7% over a year earlier, with 96.7 million payments in the fourth quarter.
Top 50 ACH Originators and Receivers
Each year, Nacha releases its Top 50 rankings of financial institution originators and receivers of ACH payments. Past Top 50 data is available in zip files that can be downloaded in the Historical ACH Network Volume section below.
Healthcare ACH Volume
The Patient Protection and Affordable Care Act (ACA) mandated the identification of a healthcare EFT standard, Nacha’s CCD+ Addenda, as a HIPAA transaction. Since it went into effect in January 2014, health plans are now required to deliver the healthcare EFT standard to providers upon request. When used in combination with electronic remittance advice (ERA), the healthcare EFT standard can help streamline processes and create cost savings.
Historical ACH Network Volume
Each of the links below, downloads a zip file containing information on ACH Network volume and value for that year. The files also contain an infographic for each quarter, an annual infographic and the Top 50 Originator and Receiver lists.
If you are a member of the media and would like additional information on ACH Network Volume or would like to arrange an interview, please contact Nacha Communications.