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Automated Clearing House

Owner-on-Computer

The nationwide ACH (Automated Clearing House) network allows your funds transfers to be conducted with a high degree of efficiency and reliability, which can reduce losses due to check fraud and data entry errors, and make it easier to capture early payment discounts.

Payables – ACH transfers

This solution saves you the time and expense of writing, processing, mailing and reconciling checks – and is especially ideal for handling recurring disbursements such as payroll direct deposits, tax, and business-to-business payments.


Same-Day ACH

Same-Day ACH

Are you always looking for ways to improve efficiencies and reduce costs? We can provide you with a payment option that meets those needs, allowing you to move money faster than ever.

Same-Day ACH (Automated Clearing House) offers the capability to send and deliver payments same day to meet the fast-paced customer and industry demands. While not designed to replace traditional ACH transactions such as weekly payroll, Same-Day ACH expedites payments when needed.

Is Same-Day ACH right for my business?

  • Do you frequently have last-minute payroll changes?
  • Do you prefer to pay invoices on their due date?
  • Do you have a large amount of hourly employees?

 

How does it work?

The processing deadline for Same-Day ACH is 11 a.m. ET to receive settlements by 5 p.m. at the receiving bank’s local time.

All ACH transaction types are eligible with the exception of international transactions. Transactions are limited to $25,000 per item.

Ready to get started or have additional questions? Contact your Treasury Management Sales Specialist.

Same-Day ACH is ideal for clients wanting more flexibility.

Benefits Advantages to your business
Same Day Payroll
  • Pay hourly employees on last day of pay period
  • Pay bonuses and emergency payrolls
  • Keep payroll on schedule even with last-minute changes
Reduce Payment Costs
  • Eliminate the cost of checks (supplies, postage, etc.)
Shorter Processing Time for Invoices
  • Schedule invoice payments on due date
  • Pay late invoices quickly
  • Fast payments for emergency goods or services
Elevate Your Customer Experience
  • Offer same-day claims and reimbursements
  • Allow suppliers to receive payment faster
  • Provide same-day bill pay service
Frequently Asked Questions

Frequently Asked Questions

Is there a fee to originate Same Day ACH items?
Yes, there is a fee to originate same-day transactions. For detailed pricing contact a Treasury Management Sales Specialist.

What requirements need to be met in order to originate same-day ACH transactions?

  • Abide by NACHA Rules.
  • Ensure that all same-day files submitted have an Effective Entry Date equal to or prior to the file submission date.
  • Submit the same-day file prior to the published same-day processing submission deadlines.

Can I process both same-day and next day ACH files/transactions?
Yes, you can send both same-day and next day ACH files/transactions for processing. You would use the Effective Entry Date to distinguish which batch of transactions is same-day and which is next day.

Where can I get more information on the Same Day ACH Rule?
For more information about Same Day ACH, refer to NACHA Rules, or contact a Treasury Management Sales Specialist.