NACHA Marks the Completion of the Third Phase of Same Day ACH

Published March 16, 2018
Details

HERNDON, Va., March 16, 2018 – NACHA—The Electronic Payments Association® today marks the “go live” date of the third phase of Same Day ACH. Under this latest phase, banks and credit unions that receive Same Day ACH credit payments make funds available to their depositors by 5 p.m. (in their local time).
 
“Banks and credit unions have met, and in many cases exceeded, the March 16 date for faster funds availability,” said Jane Larimer, chief operating officer of NACHA. “This marks the smooth launch of all three phases of Same Day ACH in the U.S., providing a ubiquitous faster payments option for businesses, government agencies, and consumers.”

 

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Program / Section
Faster Payments
Same Day ACH