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March 3, 2021
Within four days of the Maryland RELIEF Act of 2021 becoming law, the state processed 98% of the payments—nearly two-thirds of which were made by Direct Deposit.
How did they do it? In a word, preparation.
The RELIEF (Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and…
Direct Deposit
February 2, 2021
When the pandemic hit, a lot of people suddenly found themselves out of work and in need of savings to weather the storm. The trouble is that even before COVID-19, many Americans didn’t have much put away.
This highlights the importance of America Saves Week, Feb. 22-26. Once again, Nacha is…
Direct Deposit, Direct Payment via ACH
January 25, 2021
All those who don’t like getting their money faster can stop reading here.
For the rest of us, if you’re expecting (or at least hoping for) a tax refund this year, make sure to give the IRS your Direct Deposit information.
It’s a great idea in general, but this year there are…
Direct Deposit
January 6, 2021
Popular Blog Posts From 2020
While Rodgers’ and Hammerstein’s favorite things may have been raindrops on roses, whiskers on kittens and warm woolen mittens, for Nacha some of our favorite things include Direct Deposit and Split Deposit. Throughout 2020, we shared some of our favorite things in…
ACH, ACH Network, Consumers, Direct Deposit, Direct Payment via ACH
December 29, 2020
Updated December 30, 2020
The IRS and the U.S. Treasury have confirmed that 113 million economic impact payments (EIPs) by ACH are being processed this week, with an effective date of Monday, Jan. 4, 2021. Under the Nacha Rules, RDFIs must make funds available by 9:00 a.m. (RDFI local time…
ACH, ACH Network, ACH Operations, Advocacy, Direct Deposit, Direct Payment via ACH
December 22, 2020
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' pay as well as Social Security and veterans’ benefits. To help consumers better understand how it’s used every day, Nacha recently launched directdeposit.org.
The site is…
Direct Deposit, Direct Payment via ACH
December 8, 2020
With the holiday season in full swing chances are Direct Deposit isn’t top of mind. Understandable, but before the new year rolls around you should give it some thought.
First, it’s worth looking back at 2020, even though for some of us it wasn’t the greatest year. But there are lessons to be…
Direct Deposit, Direct Payment via ACH
November 6, 2020
There’s a “Seinfeld” episode where Jerry gets hundreds of checks—each for 12 cents—as residuals for appearing on the “Super Terrific Happy Hour,” and winds up with writer’s cramp from endorsing them. The good news now is that whenever that episode—or any other “Seinfeld” episode—plays on TV, the…
Direct Deposit
November 4, 2020
Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.
For active duty…
ACH, ACH Network, Consumers, Direct Deposit, Direct Payment via ACH
October 29, 2020
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits.
In fact, an American Payroll Association survey of more than 37,000 consumers found that 94% of…
ACH, ACH Network, Direct Deposit, Direct Payment via ACH