(Revised) Guidance for RDFIs on Meeting Phase 3 Requirement to Make Funds Available by 5:00 pm Local Time

Published February 26, 2018
Details

Effective with Phase 3 of Same Day ACH (on March 16, 2018), RDFIs must make funds available from Same Day ACH credits for withdrawal (including cash withdrawal at the teller or ATM as applicable) by 5:00 p.m. at the RDFI’s local time. This time is a “no later than” deadline by which funds must be available. RDFIs always have discretion to make funds available earlier. The revised guidance also addresses the applicability of Excused Delay to the handling of late delivery of same-day files.

File Name
Program / Section
Same Day ACH
Format
Rules / Guidance