Changes in the rules for Automated Clearing House (ACH) debits are taking effect as of September 15, 2017. What this means to you is that virtually all types of electronic payments for debits will become eligible to be processed the same business day they are originated. This will speed up the payment system throughout the banking industry. If you initiate an electronic debit, this means when you are making an electronic payment and it may clear sooner than you were expecting.

What does this mean to you?

Make sure funds are available in your account for payments you make online or via telephone to avoid incurring insufficient fund (NSF) fees. Float times will be greatly reduced, if not eliminated altogether.

If you have any questions, please contact one of our branches for more information.

Benefits of Same Day ACHs are the following:

For Our Consumer Customers:,

  1. Expedited bill payments using both ACH credits and debits, enabling consumers to make on-time bill payments on due dates, and providing faster crediting for late payments; examples include mortgage, utilities, credit cards, and others.
  2. Account-to-Account transfers, providing faster crediting for consumers who move money among various accounts they own.
  3. More accurate information pertaining to actual account balance.