Finance News & Insights

Same-day ACH Phase 3 kicks in soon: Are you ready?

A very important day for your Finance department is right around the corner.

March 16 is the day the third and final phase of same-day Automated Clearinghouse (ACH) kicks in.

Here’s what it means to you and your team.

Faster, still safe

Even faster payments are in your company’s immediate future.

Beginning on March 16, receiving depository financial institutions (RDFIs) must make funds available from same day ACH credits (such as payroll Direct Deposits) to their depositors by 5:00 PM at the RDFI’s local time.

More good news on this front comes courtesy of a recent NACHA survey.

While there’s expected to be a major uptick in the use of same day ACH (82% for debits and 78% for credits), there’s been a 0% increase in fraud on these transactions.

For additional survey results, go to

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