Same-Day ACH Payments

Certain electronic debit payments will now be applied on the same day as the transaction, providing more accurate account balance information.

As part of an effort to improve and modernize the U.S. payments system, you may have already noticed a change in the times during the day that we apply electronic Direct Deposits to your account. This change was made to help provide you with faster access to funds for same-day Direct Deposits to your account. Beginning on Friday, Sept. 15, 2017, we also changed the times that we apply certain electronic debit payments to your account.*

Many merchants and billing companies may offer you the option** to make a same-day electronic payment, such as to pay a bill or to transfer funds. If you agree, then the funds might be debited from your account as soon as that very same day. For example, if you have a bill due on the 25th of the month, the billing company might allow you to call or use its website on the morning of the 25th to make an on-time payment. Your funds will then be debited from your account on the 25th. While these types of payments won’t be reflected on your account balance as quickly as your debit card and ATM transactions, you will have access to more accurate information about your actual available account balance more frequently throughout the business day.

  • As our financial lives move faster than ever before, our members have come to expect faster payments and information as a core component of good service.
  • To that end, the financial services industry has been working to modernize the systems that allow deposits and payments to move at the pace our members expect.
  • As one part of this improvement, beginning on Friday, Sept. 15, certain electronic payments may post to our members’ accounts the same day they are made.
  • In short, we’re doing our part to make it faster and easier for our members to make payments, and to update account balance information more frequently during the day.

*These electronic debits are commonly known as Direct Payment, Direct Debit, ACH Debit, Electronic Check or e-Check, and similar terms. They are different from your debit card payments and ATM transactions.

**The merchant does not have to notify you that they are going to process the transaction as a same-day payment; it may just happen.

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