A survey by RMAG found no increase in fraud attributable to the later hours for submitting Same Day ACH payments.

Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments.

The third window for submitting Same Day ACH payments to the ACH Network has quickly gained acceptance among financial institutions, according to new survey results conducted by Nacha and its Risk Management Advisory Group (RMAG).  

Nacha’s Risk Management Advisory Group has been evaluating potential risk increases and decreases due to Same Day ACH. It has consistently found no justification to fears that Same Day ACH would introduce massive amounts of risk.

The ACH Network set two records in the first quarter of 2021, and Same Day ACH marked its 1 billionth payment.

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, The Clearing House and The Federal Reserve—collectively comprising the infrastructure of the ACH Network—announce the successful expansion of Same Day ACH.

It’s anything but a quiet Friday at Nacha. There are some big changes taking effect today (March 19) at the ACH Network: Same Day ACH, Account Validation and economic impact payments.

From the beginning in 2016 to the later hours in 2021, how Same Day ACH has seen a major enhancement every year.

The third Same Day ACH processing and settlement window will take effect on Friday, March 19. As of that date, files of Same Day ACH payments may be submitted by an ODFI to its ACH Operator up to two hours later in the day. Are you ready? Same Day ACH Resources To prepare, Nacha wanted to remind you of resources that are available: Expanding Same Day ACH: Rule Background and FAQs Same Day ACH Resource Center End-User Briefing: Same Day ACH Same Day ACH Guidance for RDFIs Same Day ACH Guidance for ODFIs Same Day ACH Guidance for Processors Don't be a File Holder