NACHA's same-day ACH final rule goes into effect Sept. 15

September 08, 2017

NACHA's same-day ACH final rule goes into effect Sept. 15

Last week, the Federal Register posted the U.S. Treasury Bureau of the Fiscal Service's final rule, adopting the NACHA rules on same-day automated clearinghouse (ACH) amendments.

The final rule states that the Fiscal Service is accepting the NACHA rules on same-day ACH with an effective date of Sept. 15, 2017. The Fiscal Service's ACH credit processing systems will be able to process incoming same-day ACH credits once the rule goes into effect.

Same-day ACH builds upon existing, next-day ACH network capabilities and establishes a new option for same-day clearing and settlement via ACH. With this rule, approved last year, two new same-day settlement windows will be added to the ACH network, increasing the movement of funds between financial institutions from once each day to three times each day.

In January, NAFCU issued aRegulatoryAlertreport on the proposed rule. The association also plans to publish a final regulation on the final rule for its members in 2017.

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