Increasing the Same Day ACH Dollar Limit

This new rule increases the Same Day ACH per-transaction dollar limit to $100,000 and will become effective on March 20, 2020.

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Detailed Information

Increases the per-transaction dollar limit for Same Day ACH transactions to $100,000

Currently, Same Day ACH transactions are limited to $25,000 per transaction
While the current limit covers approximately 98% of ACH transactions, there are many use cases for which a higher dollar limit will better enable end users to utilize Same Day ACH. For example, a higher transaction limit would better enable:
- B2B payments, in which only approximately 89% of transactions are currently eligible
- Claim payments, which are often for larger dollar amounts and are time sensitive in nature
- Reversals for a larger pool of transactions, including all Same Day ACH transactions

The following changes to technical language represent modifications to the NACHA Operating Rules to adjust the per-transaction dollar limit to $100,000 for Same Day ACH entries:

Article Eight, Definitions of Terms, Section 8.99 Same Day Entry
Appendix Three, Glossary of Data Elements, Settlement Date
Appendix Ten, Rules Enforcement, Subpart 10.4.6 ACH Rules Enforcement Panel

EFFECTIVE DATE - March 20, 2020

Q. What are the components of the Increasing the Same Day ACH Dollar Limit Rule?
A. This Rule increases the per-transaction dollar limit for Same Day ACH transactions to $100,000. Currently, Same Day ACH transactions are limited to $25,000 per transaction. While the current limit covers approximately 98% of ACH transactions, there are many use cases for which a higher dollar limit would better enable end users to utilize Same Day ACH.

Q. What additional uses could be supported by the higher dollar limit?
A. The higher transaction limit will better enable:

B2B payments, in which only approximately 89% of transactions are currently eligible
Claim payments, which are often for larger dollar amounts and are time sensitive in nature
Reversals for a larger pool of transactions, including all Same Day ACH transactions

Rules Changes

Expanding Same Day ACH

Upcoming

- Effective 03/19/2021

This new rule 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 new Same Day ACH processing window will go into effect on March 19, 2021

Supplementing Data Security Requirements

Upcoming

- Effective 06/30/2020

This change to the NACHA Operating Rules will enhance quality and improve risk management within the ACH Network by supplementing the existing account information security requirements for large-volume Originators and Third-Parties. This change will be implemented in two phases.

Differentiating Unauthorized Return Reasons

Upcoming

- Effective 04/01/2020

This rule better differentiates among types of unauthorized return reasons for consumer debits. This differentiation will give ODFIs and their Originators clearer and better information when a customer claims that an error occurred with an authorized payment, as opposed to when a customer claims there was no authorization for a payment. ODFIs and their Originators should be able to react differently to claims of errors, and potentially could avoid taking more significant action with respect to such claims.

Nothing open for comment

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