An upcoming change in the way payments are processed will allow electronic ACH debits under $25,000 (excluding international transactions) to go through on the same day you pay them. This processing change, effective September 15, may reduce the time between when you make a transaction and when it clears your account. To meet the needs of businesses and consumers in an increasingly fast-paced world, the National Automated Clearinghouse Association (NACHA) began a phased implementation of same day ACH transactions last fall. The first phase of the rollout began in September 2016 when same day processing was made available for ACH […]
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