Same Day ACH Sees Significant Growth in Q2 2021



“These phenomenal increases come just before Same Day ACH turns five later this month. The numbers show how the payments community has so widely accepted Same Day ACH in a relatively short period of time,” said Jane larimer, Nacha President and CEO.

The same day ACH for the credits went online September 23, 2016. Since then, Nacha, ACH operators and financial institutions have made improvements every year, including adding debits, making funds available earlier, and increasing the payment limit to $ 100,000. In March of this year, same-day ACH daily hours were extended by two hours. Financial institutions are now able to submit same-day ACH payments three times a day.

“With 1.2 billion payments transferred $ 1.5 trillion since its inception, Same Day ACH has been a success of faster payments, ”said Larimer. “The next improvement to Same Day ACH will take place in March 2022, when the payment limit changes to $ 1 million, greatly expanding the possibilities of using ACH on the same day. “

About Nacha
Nacha governs the thriving ACH network, the payments system that enables safe, smart, and fast direct deposits and direct payments with the ability to reach all accounts of U.S. banks and credit unions. Almost 27 billion ACH network payments were made in 2020, valued at nearly 62 trillion dollars. Through problem solving and building consensus among various stakeholders in the payments industry, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions and provides training, accreditation and consultancy services.

Heather McElrath
[email protected]


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