November 15, 2022

Same Day ACH: Over 2 Billion Payments


Michael W. Kahn

Michael W. Kahn


2 billion payments SDA

The holidays are still a few weeks out, but the cause for celebration came a little early for Same Day ACH. During October, the 2 billionth Same Day ACH payment was processed.

It’s an impressive milestone for the faster payment method that debuted in September 2016 for credits, notching 1.3 million payments in its first six processing days. Debits were added in 2017, and by the time Same Day ACH marked its fifth anniversary in September 2021, it had recorded a total of 1.2 billion payments. It took just 13 months more to cross the 2 billion mark.

“The $1 million payment limit enacted earlier this year and the expanded hours are among the enhancements making Same Day ACH a value proposition for more and more organizations,” said Michael Herd, Nacha Senior Vice President, ACH Network Administration. 

Those 2 billion Same Day ACH payments have moved a great deal of value through the ACH Network. From that first day in 2016, through Oct. 31, 2022, more than $3.3 trillion worth of same day payments have been made. 

The growth in the average daily same day payment is also noteworthy. In October 2016, the first full month of Same Day ACH activity, it was $1,304; by October 2022 it was $2,792, a 114% increase. 

“The payments community has rallied behind Same Day ACH,” said Herd. “The ACH Operators, financial institutions, payment associations and many others not only helped make it a reality but also helped it thrive.”

Learn more at Nacha’s Same Day ACH Resource Center.