SAME DAY ACH
When it comes to Same Day ACH, UMACHA continues to provide support and education to ensure our members make the best decisions and remain in compliance with rules and regulations.
Introduction to Faster Payments in the U.S.
NACHA and the Regional Payments Associations developed a foundational, educational tool to illustrate the differentiated features/benefits of current and emerging faster payments solutions. The tool represents our collaborative efforts to leverage and evolve the competencies of NACHA and the Regional Payments Associations in education to emerging areas of payments. The tool can be downloaded and shared from here.
UMACHA Programs
CASE - Customized ACH Solutions and Education - UMACHA can create and customize Same Day ACH training specific to your financial institution.
On-Demand - Recorded webinars available at your finger tips with the click of a button -Believe it or not Same Day ACH was approved all the way back in May of 2015. UMACHA has completed many training sessions on this topic already. Check out our archives to see if there is anything you missed!
Education Club - Quality education on your terms, schedule and budget.
An RDFI Call to Action: Phase 2
New opportunities for you, as well as obligations, as a Receiving Depository Financial Institution.
Guidance: RDFIs - 5:00 pm Local Time
Guidance related to Receiving Depository Financial Institutions (RDFIs) requirement to make funds available for withdrawal by 5:00 p.m. at the RDFI’s local time, beginning March 16, 2018. Click here for complete document.
Same Day ACH Debit Guidance for RDFIs
NACHA is providing guidance for RDFIs with development of customer information and messages on Same Day ACH debits that will be available beginning on Friday, Sept. 15, 2017. The following language is provided to RDFIs as general guidance.
Same Day ACH RDFI Checklist: Phase 2 Debits
Three steps to ensuring your RDFI is Same Day ACH Phase 2 ready.
Same Day ACH RDFI Implementation Checklist
Receipt of Same Day Entries is not optional for RDFIs, but does provide new opportunities with faster returns and exception processing. RDFIs may want to consider the items included on this checklist from NACHA.
Same Day ACH RDFI Operations (WORD)
Use these worksheets to organize your institution for Same Day ACH.
An ODFI Call to Action: Phase 2
New opportunities and potential offerings that you, as an Originating Depository Financial Institution (ODFI), can provide to your members, and business and consumer customers.
Effective Entry Dates: Considerations for ODFIs
Same Day ACH for Debits can provide substantial benefits, giving consumers more up-to-date information about transactions to their accounts, and therefore better information about their acutal available balances. As an ODFI, it is incredibly important to consider these tips concerning Effective Entry Dates to ensure the best experience with Same Day ACH for Debits.
ODFI Letter to Originators to Avoid Inadvertent Same Day Entries
NACHA and the RPA’s FCC Same Day ACH group have developed a template letter for ODFIs to use to communicate with any Originators that need to review and revise their usage of the Effective Entry Date field to avoid inadvertent Same Day ACH entries.
ODFI Operations (WORD)
Use this worksheet to prepare your institution for Same Day ACH.
ODFI Same Day ACH Strategy Guide
As an Originating Depository Financial Institution (ODFI) you have some decisions to make in relation to same-day ACH processing! This guide will help walk you through your options and the considerations that should be made as a part of your decision.
ODFI Strategy Worksheet (WORD)
As an Originating Depository Financial Institution (ODFI) you have some decisions to make in relation to same-day ACH processing! This worksheet will help you get organized in preparation for Same Day ACH.
Origination Agreement with Same Day ACH
This is a sample agreement between the FI and the originating company. It is to be used as a starting point and tailored to each FI as needed. This sample agreement includes provisions for Same Day ACH.
Same Day ACH ODFI Checklist: Phase 2 Debits
Three steps to ensuring your corporate is Same Day ACH Phase 2 ready.
Same Day ACH ODFI Implementation List
Offering Same Day ACH products and services is optional for ODFIs. ODFIs choosing to offer Same Day products and services, may want to consider the items included on this checklist from NACHA.
Same Day ACH Originator/Third-Party Sender Implementation List
NACHA has released this checklist for Originators and/or Third-Party Senders to utilize during initial discussions with their ODFIs regarding Same Day ACH products and options.
A Corporate Call to Action: Phase 2
A host of new opportunhities and potential offerings that you, as a corporate, can provide to your customers.
A Processor Call to Action: Phase 2
New opportunities and potential offerings that you, as a Processor, can provide to and support your customers with.
Complimentary webinar recording — Same Day ACH for Businesses
Treasury managers can access this 30-minute recording that focuses on Same Day ACH needs and messages for businesses. Watch here via Adobe Connect.
FRB Same Day ACH Resource Center
This link will connect you directly to the Federal Reserve Bank's resource center.
NACHA Same Day ACH Resource Center
This link will connect you directly to NACHA's resource center.
Preparing for Same Day ACH Debits - Testing Tips for Financial Institutions
To ensure smooth implementation of Same Day ACH debits, conduct appropriate end-to-end testing with your business partners.
Preparing for Same Day ACH Debits - Testing Tips for Processors
To ensure smooth implementation of Same Day ACH debits, conduct appropriate end-to-end testing with your business partners.
Risk Assessment Worksheet (WORD)
This preliminary risk assessment worksheet will help you identify areas that may need extra attention and preparation for Same Day ACH.
Rounding of Monthly ACH Operator Statements for Same Day Entry Fees
This link will connect you to the NACHA article released on May 25, 2016 regarding the methodology behind the agreement to round monthly charges and credits for Same Day Entry Fees.
Same Day ACH Corporate Checklist: Phase 2 Debits
Three steps to ensuring your corporate is Same Day ACH Phase 2 ready.
Same Day ACH Exceptions Worksheet (WORD)
This worksheet will help you work through your Same Day ACH exceptions questions ahead of the September 23, 2016 live date.
Same Day ACH Processors Checklist: Phase 2 Debits
Three steps to ensuring your processor is Same Day ACH Phase 2 ready.
Same Day ACH Qualified Batch Reporting
Notice to all FedACH® Services Customers, new report available.
Updated: Same Day ACH for Businesses Essentials Guide
The "Same Day ACH for Businesses Essentials Guide" is a suite of resources that provide key guidance on Same Day ACH opportunities, benefits and value to businesses, and action plans for sending and receiving same-day payments. The "Essentials Guide" has been updated (since its release in August of 2016) to incorporate additional elements related to Same Day ACH debits, as same-day debits go into effect in September 2017.
