New Rules: Expanding Same Day ACH

Three new rules have been approved to expand the capabilities of Same Day ACH for all financial institutions and their customers.

The first expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day. The second increases the Same Day ACH per-transaction dollar limit to $100,000. The third increases the speed of funds availability for certain Same Day ACH and next-day ACH credits.

The three new rules have different effective dates. The faster funds availability rule will become effective on Sept. 20, 2019; the increase in the per-transaction dollar limit will become effective on March 20, 2020; and the new Same Day ACH processing window with expanded hours will go into effect on Sept. 18, 2020.

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