Providing Faster Funds Availability

This new Rule increases the speed of funds availability for certain Same Day ACH and next-day ACH credits.

The faster funds availability rule will become effective on Sept. 20, 2019.

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Detailed Information

Establishes additional funds availability standards for ACH credits

  • Funds from Same Day ACH credits processed in the existing, first processing window will be made available by 1:30 p.m. in the RDFI's local time
  • Funds from non-Same Day ACH credits will be available by 9:00 a.m. RDFI's local time on the Settlement Date, if the credits were available to the RDFI by 5:00 p.m. local time on the previous day (i.e., apply the existing “PPD rule” to all ACH credits)

The following changes to technical language represent modifications to the NACHA Operating Rules:

  • Article Three, Subsection 3.3.1 General Rule for Availability of Credit Entries to Receivers
  • Article Three, Subsection 3.3.1.1 Availability of Credits that are Not Same Day Entries
  • Article Three, Subsection 3.3.1.2 Availability of Credits that are Same Day Entries

EFFECTIVE DATE - September 20, 2019

Q. What are the components of the Providing Faster Funds Availability Rule?
A. This Rule establishes additional funds availability standards for ACH credits:

  • Funds from Same Day ACH credits processed in the existing, first processing window will be made available by 1:30 p.m. in the RDFI’s local time
  • Funds from non-Same Day ACH credits will be available by 9:00 a.m. RDFI’s local time on Settlement Date, if the credits were available to the RDFI by 5:00 p.m. local time on the previous day (i.e., apply the existing “PPD rule” to all ACH credits)

Q. When would funds from non- Same Day Credits be required to be made available?
A. 
Funds from non-Same Day ACH credits will be available for withdrawal by 9:00 a.m. RDFI’s local time on Settlement Date, if the credits were available to the RDFI by 5:00 p.m. local time on the previous day (i.e., apply the existing “PPD rule” to all ACH credits). For those non-Same Day ACH credits made available to the RDFI after 5:00 p.m. local time on the previous day, funds must be made available for withdrawal no later than the end of the Settlement Date.

Q. When would funds from Same Day Credits be required to be made available?
A. Funds from Same Day ACH credits processed in the existing, first processing window will be made available by 1:30 p.m. in the RDFI’s local time.

Funds from Same Day ACH credits processed in the existing, second processing window will continue to be made available by 5:00 p.m. in the RDFI’s local time.

Q. Are there any accommodations for other time zones?
A. An RDFI whose local time is Atlantic Time may use Eastern Time to satisfy these requirements.

An RDFI located east of the Atlantic Time Zone and west of the International Date Line must make the amount of a credit Same Day Entry received in any same-day processing window available to the Receiver for withdrawal no later than 9:00 a.m. (RDFI’s local time) on the Banking Day following the Settlement Date of the Entry.