Effective March 20th, 2020, Same Day ACH per-transaction limit is increasing from $25,000 to $100,000. Your current ACH procedures may result in inadvertent transactions and/or fees. Here are a few things you need to know:
Correct Effective Date in ACH Pass Thru Files
If a file is submitted before 12:30 p.m. CT, debits and credits with the same effective date will be processed that same day.
Files authorized prior to 12:30 p.m. CT will be processed at 12:30 p.m. CT and will no longer be available for modification.
Same Day ACH pre-transaction limit will now be capped at $100,000.
Need to send out payroll today? Pay a bill ASAP? Same Day ACH can help. All authorized ACH files will be pulled every business day at 12:30 p.m. CT. This pull will include future dated as well as same day files.
Customers like you are telling us they’re excited about the increased Same Day ACH limits for many reasons including:
- Flexibility of same-day payroll
- Quickly settle business-to-business payments
- Expedited bill payments
- Account-to-account transfers
For additional information, contact your Treasury Management Officer or Relationship Manager.