New Same Day automated clearinghouse window effective March 19

The Same Day automated clearinghouse (ACH) processing window will soon open wider!

Effective March 19, the Same Day ACH files can be submitted until 4:45 p.m. ET (1:45 p.m. PT).

That’s an extra two hours in your workday. Currently, the latest an originating depository financial institution (ODFI) can submit Same Day ACH files is 2:45 p.m. ET (11:45 a.m. PT).

The hope is that lengthening this window will provide greater access for both ODFIs and their customers.

More Same Day ACH changes coming

That’s not the last of the changes on the horizon when it comes to Same Day ACH, either. The current $100,000 per-transaction threshold may soon change.

Nacha has just requested feedback on a proposal for three additional bump ups in limits. What you’d be looking at:

• March 18, 2022: $1M
• March 17, 2023: $10M, and
• March 15, 2024: eliminate the dollar limit.

Prepped and ready

For now, you have more time to both send and receive Same Day ACH payments.

Ensure Accounts Payable, Accounts Receivable and Payroll are all aware of the new longer processing window so that they’re ready to take advantage as soon as the new date kicks in.

It’s also worth addressing with key suppliers and customers to ensure they’re ready as well.