Same Day ACH is the faster payment method that debuted in September 2016 for credits, notching 1.3 million payments in its first six processing days. Debits were added in 2017, and by the time Same Day ACH marked its fifth anniversary in September 2021, it had recorded a total of 1.2 billion payments. It took just 13 months more to cross the 2 billion mark.
The Same Day ACH limit increased to $1 million per transaction, a ten-fold increase from the previous $100,000 per transaction limit. Since its introduction in 2016, Same Day ACH has continued to grow in popularity. The increase to $1 million enables even more businesses from a wide spectrum of industries, government entities and consumers to utilize and benefit from the ACH Network while ensuring that their payments continue to be safe and secure.
Same Day ACH HistoryNacha and our partners are committed to making sure the ACH Network is meeting today’s diverse payments needs. Since its launch, Nacha and ACH Network stakeholders have provided additional options to enhance Same Day ACH, and these enhancements have been key to its growth.
Do you have questions about the $1 million limit Same Day ACH increase? Our end-user briefing has additional information to help impacted businesses comply with the $1 million Same Day ACH increase, including mandatory and optional changes for organizations, the purpose for increasing the limit to $1 million, and potential use cases for the increase.
