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.
To ensure smooth implementation of Same Day ACH debits, conduct appropriate end-to-end testing with your business partners.
Same Day ACH for Debits can provide substantial benefits, giving consumers more up-to-date information about transactions to their accounts, and therefore better information about their acual available balances. As an ODFI, it is incredibly important to consider these tips concerning Effective Entry Dates to ensure the best experience with Same Day ACH for Debits.
There were nearly $18 billion transferred by Same Day ACH. View more stats in the full infographic.
Three steps to ensuring your corporate is Same Day ACH Phase 2 ready.