NACHA-SAME-DAY-ACH

NACHA Same Day ACH US ACH same-day settlement enhancement 2016+.

Definition

Same Day ACH characteristics: (1) Settlement windows: 3 daily 10:30 AM ET, 2:45 PM ET, 4:45 PM ET (added 2021, previously 2 windows). (2) Transaction limit: $1M per transaction (raised from $25K original 2016 launch to $100K 2020 to $1M March 2022). (3) ACH scheme operations: ACH operators Federal Reserve FedACH + The Clearing House EPN process via NACHA Operating Rules. (4) SDA use cases: (a) On-demand payroll (employer disburses salary same day), (b) Urgent insurance claim payouts, (c) Deadline-driven bill payments (last-minute), (d) Account-to-account transfers within-business-day, (e) Urgent B2B vendor payments, (f) Tax payments deadline. (5) Pricing: NACHA Same Day Entry Fee 5.2 cents per transaction (originating Depository Financial Institution ODFI pays to Receiving Depository Financial Institution RDFI as compensation faster processing) + operator transaction fees. (6) Volume: ~1B+ SDA transactions 2023 (~3.5% of total ACH volume), growing rapidly. (7) RTP + FedNow alternatives: RTP Real-Time Payments operated The Clearing House launched 2017 (~95% ACH reach by 2024), FedNow operated Federal Reserve launched July 2023, both instant 24/7 vs SDA same-day-only business hours. NACHA Same Day ACH bridge ACH legacy with instant payments transition.

Origin

Same Day ACH credit launched September 2016 by NACHA ; debits added September 2017 ; third window added 2021 ; $1M limit March 2022.

Example in context

US employer needs to disburse emergency payroll $50000 to 100 employees affected by hurricane same day: submits Same Day ACH file (NACHA PPD entries) to ODFI before 10:30 AM ET window cutoff ; FedACH processes 10:30 AM window ; employees RDFIs credit accounts within window settlement ; employees receive direct deposit by ~1:00 PM ET same day.

Related terms

• NACHA CCT — ACH transaction code.