On September 15, 2017, when debits become eligible for same-day processing, a “today’s date” in the Effective Entry Date field will be treated as valid for a debit entry and settled on that day, assuming it is submitted timely into an ACH Operator’s same-day processing window. This Guidance strongly encourages ODFIs, their Originators, and software and processing vendors to “check and correct” Effective Entry Dates for ACH debit processing, even among those who do not intend to use same-day processing – i.e., do not be an inadvertent Originator of same-day ACH debits.
Five quick facts about how Same Day ACH can reduce risk.
NACHA is providing guidance for RDFIs with development of customer information and messages on Same Day ACH debits that will be available beginning on Friday, Sept. 15, 2017. The following language is provided to RDFIs as general guidance.
March - April 2017 results of a qualitative survey of 24 institutions comprising two-thirds of ACH origination volume.