Same Day ACH Payment Limit to Increase to $1 Million

Same Day ACH $1 Million

Same Day ACH payments will be further enhanced with a new $1 million per transaction limit.

Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers.

“Nacha has made a significant enhancement to Same Day ACH every year since it was introduced in 2016,” said Jane Larimer, Nacha President and CEO. “This enhancement reflects our commitment to see that the modern ACH Network meets the nation’s needs for fast and efficient payments.”  

The $1 million limit will be beneficial for many types of payments, from insurance claim payments and payroll funding, to business-to-business and tax payments, and many more.

The approval comes just weeks after Same Day ACH operating hours were extended. Since March 19, 2021, financial institutions have had two additional hours to initiate Same Day ACH payments. With this extension, ACH payments are now settled four times each business day.