Same Day ACH – September 2016

Fast approaching, faster ACH!  Same Day ACH will provide the much anticipated option to consumers and businesses that want to expedite payments under $25,000.

The new Rule will add two new same-day settlement windows, increasing the movement of funds from once per day to three times each day.

The Rule requires that all Receiving Depository Financial Institutions (RDFIs) receive and provide faster funds availability to members.  Same Day ACH will be implemented in three phases:

Phase 1- September 23, 2016 - Same Day ACH Credits

Phase 1 allows Originators to send Same Day ACH credits.  As a result, the Federal Reserve will begin sending two additional ACH settlement files per day.  This change means that all RDFI’s must process ACH files multiple times per day.

The new requirement that the RDFI make Same Day ACH funds available on the current processing day means that incoming ACH files need to be processed by RDFI’s as the transactions are delivered from the Federal Reserve.  Our COACH III system already allows individual ACH files to be delivered to member credit unions.

RDFl's are required to make funds from Same Day ACH Credit transactions available no later than the end of processing for the Settlement Date.  While funds do not need to be made available for cash withdrawal at that time (e.g. via an ATM), they must be available to satisfy other subsequent debit entries against the account (e.g. to pay checks, etc) in Phase 1.

Phase 2 - September 14, 2017 - Same Day ACH Debits

Phase 2 will allow Same Day ACH debits to be sent in Same Day ACH files with both debits and funds availability at the end of the processing day.  There will be no additional settlement changes expected with this phase.

Phase 3 - March 16, 2018- Funds Availability

Phase 3 will include both credits and debits with funds required to be available by 5:00pm in the RDFl's local time.  No additional settlement changes are expected with this phase.


Now is the time to prepare.

Please contact Member Services at (800) 242-4747 to discuss our ACH processing options.  


Important Links

Contact Details

    6262 South Lowell Place, Muskego, WI 53150
    (800) 242-4747
    (414) 427-3700