Same-Day ACH
ACH payments that settle within the same business day instead of 2-3 days.
What is Same-Day ACH?
Same-Day ACH is an enhancement to the ACH network allowing transactions to settle on the same business day they're submitted, rather than the traditional 2-3 day timeline. Same-Day ACH has multiple processing windows throughout the day with different cutoff times. It supports both credits and debits up to $1 million per transaction. The receiving bank must make funds available by end of day.
Why It Matters
Same-Day ACH bridges the gap between standard ACH and wire/RTP. It's faster than regular ACH but less expensive than wires. Use cases include same-day payroll corrections, urgent vendor payments, and account-to-account transfers where speed matters but wire costs don't make sense.
Related Terms
ACH Payment
An electronic bank-to-bank transfer through the Automated Clearing House network.
Real-Time Payments (RTP)
A payment network enabling instant, irrevocable bank-to-bank transfers 24/7/365.
Wire Transfer
A direct, immediate bank-to-bank transfer typically used for large or urgent payments.
Settlement Time
The time between processing a transaction and receiving funds in your bank account.
Frequently Asked Questions
No. Same-Day ACH settles by end of business day, not instantly. RTP is instant. Same-Day ACH has cutoff times; missing the cutoff means next-day processing.
Yes, typically $0.50-$2.00 more per transaction than standard ACH. Still far less than wire transfer fees ($15-$50).
Multiple windows throughout the day. Check with your bank for specific times. Missing the last cutoff means next business day processing.
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