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ACH Processing

What is an ACH Debit and what does this mean for you?

In the past, it has taken one or more business days for an ACH  to clear a customer’s account after the debit was initiated Some debits may clear our customers’ accounts on the same day that they are initiated.

  • An ACH debit is any electronic payment or withdrawal, automatic draft or paper checks conversion  

  • Never authorize a debit from your account when there are insufficient funds

  • Assume that the debit will be processed the same day that it is authorized

ACH Funds Availability Rule

Q. What are the components of the Providing Faster Funds Availability Rule?
A. This Rule establishes additional funds availability standards for ACH credits:

  • Funds from Same Day ACH credits processed in the existing, first processing window will be made available by 1:30 p.m. in the RDFI’s local time

  • Funds from non-Same Day ACH credits will be available by 9:00 a.m. RDFI’s local time on Settlement Date, if the credits were available to the RDFI by 5:00 p.m. local time on the previous day (i.e., apply the existing “PPD rule” to all ACH credits)

    Q. When would funds from non- Same Day Credits be required to be made available?
    A.  
    Funds from non-Same Day ACH credits will be available for withdrawal by 9:00 a.m. RDFI’s local time on Settlement Date, if the credits were available to the RDFI by 5:00 p.m. local time on the previous day (i.e., apply the existing “PPD rule” to all ACH credits). For those non-Same Day ACH credits made available to the RDFI after 5:00 p.m. local time on the previous day, funds must be made available for withdrawal no later than the end of the Settlement Date.

    Q. When would funds from Same Day Credits be required to be made available?
    A. Funds from Same Day ACH credits processed in the existing, first processing window will be made available by 1:30 p.m. in the RDFI’s local time.

    Funds from Same Day ACH credits processed in the existing, second processing window will continue to be made available by 5:00 p.m. in the RDFI’s local time.

    Q. Are there any accommodations for other time zones?
    A. An RDFI whose local time is Atlantic Time may use Eastern Time to satisfy these requirements.

    An RDFI located east of the Atlantic Time Zone and west of the International Date Line must make the amount of a credit Same Day Entry received in any same-day processing window available to the Receiver for withdrawal no later than 9:00 a.m. (RDFI’s local time) on the Banking Day following the Settlement Date of the Entry.