Same Day ACH Debits Qualified Batch Reporting

The Sept. 15, 2017 implementation of Phase 2 for Same Day ACH makes accurate effective entry dates crucial.

All financial institutions, Originators and Third Parties are encouraged to “check and correct” effective entry dates prior to Sept. 15. To help financial institutions with this, the Federal Reserve is making available a complimentary operational report to assist FedACH® Services' customers in their efforts to identify which of their forward debit batches could potentially qualify as same day after Phase 2 implementation. This report, available at no cost, will be available from July (June data) through September (August data) and will be provided to any FedACH Services customer who chooses to subscribe. Customers of EPN/The Clearing House should contact their relationship manager for assistance in reviewing this type of data. 

Download here.