Friday, April 23, 2021

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Nacha: Increases same-day ACH limit to $1 million

  • Nacha a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments
  • Nacha members approved a measure to increase the pre-payment maximum from the current $100,000
  • It apply to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers
  • Nacha made a significant enhancement to Same Day ACH every year since it introduced in 2016
  • The $1 million limit beneficial for many types of payments, from insurance claim payments and payroll funding
  • The approval comes just weeks after Same Day ACH operating hours extended

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