Same Day ACH Resource Center

Same Day ACH has been embraced for its ease and speed – leading to sharp growth over the past five years.

Same Day ACH Volume and Value

 

Celebrating Five Years of Same Day ACH

New innovations often come and go. Electric typewriters and adding machines had their day. But some take hold and grow roots. Same Day ACH is a perfect example.

When Same Day ACH got its start in 2016 it was for credits only. In the first six processing days that September there were 1.3 million payments worth a total of about $1.5 billion. Not a bad start by any means, but once those roots started growing nice and deep, things certainly took off.

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Additional Resources

 

Expanding Same Day ACH: How We Got Here

It was Sept. 23, 2016. The Dow Jones Industrial Average was at 18,261 and Same Day ACH made its debut. Fast forward to March 2021 and much has changed. 

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Checklists for Implementation

July 1, 2015

Same Day ACH implementation checklists for Originating Depository Financial Institution (ODFIs), Receiving Depository Financial Institution (RDFIs) and Third-Party Senders.

Guidance

NACHA Membership Approves Same Day ACH

May 19, 2015
The NACHA voting membership approves Same Day ACH, an amendment to the NACHA Operating Rules, which will move payments faster. -- Industry Comes Together to Move Payments Faster on the ACH Network HERNDON, Va., May 19, 2015 - NACHA —The Electronic Payments Association ® announced today that its voting membership approved Same Day ACH, an amendment to the NACHA Operating Rules to move payments faster.
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Optional Same Day ACH Indicator

May 19, 2015

An ODFI could, at its discretion, require one or more of its Originator to use discretionary data within the Batch Header Record to further show intent for same-day settlement.  While each ODFI could determine on its own how to accomplish this, practically speaking, a standardized approach would be more efficient for ODFIs and their Originators to use, even as it remains optional from an ODFI’s perspective. This Guidance details the standardized approach to the optional indicator.

Guidance

Why A Former Fed Exec Is On Board With Same-Day ACH

February 3, 2015
Richard R. Oliver, former executive VP, Federal Reserve Bank of Atlanta, denotes the robust functionality that has been created with the Same Day ACH through the addition of two new settlement windows and settling at the end of the business day as a deadline for funds availability.  -- Several years ago I had the opportunity to fulfill a bucket list item by playing golf with my son at St. Andrews in Scotland. We teed off in 45-degree weather with a 20 mph wind and spitting rain. Perfect!
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​Survey: More than 90 Percent of Payroll Professionals Believe Same Day ACH Can Help Support Payroll Needs

November 24, 2014
Results Emphasize End-User Support for Same Day ACH HERNDON, Va., November 25, 2014 – As Nacha — The Electronic Payments Association® continues work to move the ACH Network from next-day settlement to same-day payment processing, results from an American Payroll Association survey show broad support for the benefits of Same Day ACH to their roles and organizations.  The survey, conducted during National Payroll Week in September, targeted 1,500 payroll professionals nationwide.
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