What is an ACH? The ACH Network moves money & information from on bank account to another through Direct Deposit and via ACH transactions. Same-Day ACH is a new rule allowing for payments from originators/merchants to be processed within the same business day, rather than the next day or day after. Beginning September 15, 2017 , these merchants and service providers will be allowed to process the electronic transaction (ACH) the same business day. DOING THIS, SAME-DAY ACH MOVES MONEY IN THE ACH NETWORK IN THE SAME WAY, ONLY FASTER. THIS COULD RESULT IN EITHER CHARGES OR DEPOSITS TO YOUR ACCOUNT THE SAME DAY.
Many Merchants & Service Providers Convert Your Written Check to An Electronic ACH at the time of Receipt.
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