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Wednesday, November 14, 2018

Industry News

Same Day Payments Are Here

We realize that as our financial lives move faster than ever before, you, our customers, 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 you expect. As part of an effort to improve and modernize the U.S. payment system, same-day ACH (Automated Clearinghouse) transactions have been implemented effective September 15, 2017. Many merchants and billing companies may offer you the option to make a same-day electronic payment. If you agree, the funds might be debited from your account as soon as that very same day.

What Consumers should know


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