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NACHA Rules Change Updates

Same Day ACH Notice

Effective September 23, 2016, the National Automated Clearing House Association (NACHA) will make Phase I of the Same Day ACH rule change effective. 
Currently, most ACH payments are settled in one to two business days. The Same Day ACH rule change will enable ACH Originators that desire same-day settlement processing, the option to send Same Day ACH transactions to accounts at any receiving financial institution (RDFI). It will not affect existing schedules and capabilities for those ACH originators who wish to continue processing payments as they do today.

Republic Bank will comply with the new NACHA rule change and make funds available for any Same Day ACH transactions received within the approved processing timeframes.

If you have any questions about the Same Day ACH NACHA rule change or any other ACH origination topic, please contact your Cash Management Sales Officer at 888.875.2265.

NACHA Rules

Republic Bank recommends that all ACH Originators obtain a copy of the ACH Rules.  The annual update of ACH Rules for Corporate Originators may be ordered in print or electronic versions at www.NACHA.org

 

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