Two new Nacha rules take effect today on Same Day ACH and account validation.
New Nacha rules take effect today
March 19, 2021 / By ICBA
Two new Nacha rules take effect today on Same Day ACH and account validation.
Two new Nacha rules take effect today on Same Day ACH and account validation.
Same Day ACH: Originators currently must submit Same Day ACH transaction files to ACH operators by 2:45 p.m. (Eastern time). Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network at 4:45 p.m. (Eastern time) takes effect today.
Account Validation: Also today, Nacha will begin requiring businesses initiating consumer ACH debits via the internet or mobile devices to verify the consumers’ account information for the first payment.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
