Increasing the Same Day ACH Dollar Limit
This rule is a major enhancement to Same Day ACH, as the dollar limit per payment quadruples to $100,000. Among the many uses of Same Day ACH, B2B payments are expected to reap some of the biggest benefits. Nacha estimates 97% of all ACH B2B payments are now eligible for Same Day ACH, compared to 91% under the previous $25,000 per payment limit. Other common uses for Same Day ACH include Direct Deposit payments for insurance claims and disaster assistance.
Details
Increases the per-transaction dollar limit for Same Day ACH transactions to $100,000
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Previously, Same Day ACH transactions were limited to $25,000 per transaction
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While the lower limit covered 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:
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B2B payments, in which only approximately 89% of transactions were eligible
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Claim payments, which are often for larger dollar amounts and are time sensitive in nature
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Reversals for a larger pool of transactions, including all Same Day ACH transactions
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Technical
The following changes to technical language represent modifications to the 2020 Nacha Operating Rules to adjust the per-transaction dollar limit to $100,000 for Same Day ACH entries:
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Article Eight, Definitions of Terms, Section 8.99 Same Day Entry
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Appendix Three, Glossary of Data Elements, Settlement Date
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Appendix Ten, Rules Enforcement, Subpart 10.4.6 ACH Rules Enforcement Panel
Impact
EFFECTIVE DATE - March 20, 2020
FAQs Section
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.
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