Same Day ACH - Supported now in ACH Universal

Same Day ACH is here for credits/payments (ie. to employees and vendors) .

ACH Universal is following the network release schedule, as below.

ACH Universal supports the NACHA cutoff indicator in the descriptive date (positions 64 - 69).

1. Setting the date
   If you have the date within your import file, simply map it.
   No date in the file? No problem. Set the default effective date (ACH Setup > fourth panel).
   
   

2. Including the cutoff indicator
   In addition to setting the effective date, many banks will want you to insert a cutoff indicator into the batch header (descriptive date field, positions 64 - 69).

   This indicator will either be a code for Same Day 1:00 (SD1300) or for 5:00 (SD1700):
   SD1300
   SD1700
   
   

    

Notes:

--ACH Universal will only insert the default cutoff indicator for those transactions which have an effective date for that day and that are not IAT (International) transactions.

--International transactions are never valid Same Day ACH transactions.

--The NACHA Rules phase in debits and credits over a three year period. During this testing period, restrictions have been lifted to allow financial institutions to use ACH Universal to test their in-house systems (pop-up notification of imported transactions not in compliance). The $25,000 limit will be enforced as well.

See our help pages for step-by-step instructions on Same Day ACH.