NACHA adopted a rule for moving ACH payments faster. The rule enables same-day processing of virtually any ACH payment. Most ACH payments are settled on the next business day; however, businesses and consumers could benefit from same-day processing in many scenarios.
This NACHA rule provides ACH originators the option to send Same-Day ACH transactions to accounts at any receiving financial institution (RDFI). The rule includes a “same-day fee” on each Same-Day ACH transaction, so that RDFIs recover, on average, their costs for enabling and supporting Same-Day ACH.
Virtually all types of ACH payments, including both credits and debits, are eligible for same-day processing. Only international ACH transactions (IATs) and high-value transactions above $25,000 are not eligible.