The Same Day ACH dollar limit will increase to $1 million per payment on March 18^th. The Rule will apply to all Same Day ACH entries, including consumer payments and business payments, both credits and debits.

A dollar limit increase would result in a larger amount of dollars settling at several times throughout the day, including 12:00 PM, 4:00 PM, and 5:00 PM CST. ODFIs should determine whether to offer higher dollar limits to Same Day ACH Originators, which may impact a financial institution’s assessment of its clients’ credit risks.

For any questions, CCI is here to help!

Sincerely,

Sarah Smith, CRCM, CAFP