Same Day ACH

Resources to help you understand ACH rule changes

This page is designed to be your one stop source for information related to the NACHA rules amendment that opens the door to faster payments. Please check back regularly for updates and new information.

In 2016, the National Automated Clearing House Association (NACHA) announced a rules amendment that will establish a new option for same-day clearing and settlement of ACH transactions and provide faster funds availability to receivers of ACH transactions. The rule change will be implemented in three phases. The first phase took effect September 2016.

Phase One of the Same Day ACH rule change required all Receiving Depository Financial Institutions (RDFIs) to process Same Day credit transactions and make funds available to customers by the end of the banking day. As required by the rule change, First Citizens Bank now accepts and makes available all incoming Same Day ACH credit transactions . First Citizens Bank offers the ability for our business clients to originate Same Day ACH credits.

Phase Two went into effect on September 15, 2017. Phase Two required all Receiving Depository Financial Institutions (RDFIs) to process Same Day debit transactions by end of the banking day. First Citizens Bank processes incoming Same Day ACH debits by the end of the same banking day the entry is received. First Citizens Bank allows business clients the ability to originate Same Day ACH debits. If your business is currently originating Same Day ACH credit transactions, your business would have automatically been given access to originate Same Day ACH debit transactions based on your current eligibility to originate debits today.


Same Day ACH Rules Amendment - Implementation Timeline

Phase One, effective September 23, 2016 — Allowed for Same Day origination of credits only. Funds must be made available to the Receiver on the day of origination by the end of the receiving bank’s processing day.

Phase Two, effective September 15, 2017* — Allowed for Same Day origination of debits. Debited funds must be settled with the Receiver on the day of origination by the end of the receiving bank’s processing day.

Phase Three, effective March 16, 2018 — Funds must be made available to the Receiver on the day of origination by 5 p.m. local time.

Transactions greater than $25,000 and international ACH transactions (IAT) are not eligible for Same Day processing in any of the three implementation phases outlined above.

Please review the additional frequently asked questions below. If you are ready to originate Same Day ACH transactions, call 1.866.322.4249, Option 7 (Weekdays 8:00 a.m. — 8:00 p.m. Eastern Time) to enroll in Same Day ACH origination or to add Same Day ACH functionality.

What is same day ACH?

Same Day ACH is an amendment to NACHA rules that will establish a new option for same-day clearing and settlement of ACH transactions. At present, ACH transactions require a lead time of one to two days prior to settlement.

Same Day ACH will be rolled out in three phases:

Phase One, effective September 23, 2016 - Allowed for Same Day origination of credits only. Funds must be made available to the Receiver on the day of origination by the end of the receiving bank’s processing day.

Phase Two, effective September 15, 2017* - Allowed for Same Day origination of debits. Debited funds must be settled with the Receiver on the day of origination by the end of the receiving bank’s processing day.

Phase Three, effective March 16, 2018 - Funds must be made available to the Receiver on the day of origination by 5 p.m. local time.

Will First Citizens Bank take part in Same Day ACH?
Yes. As required by the rule change, First Citizens Bank started accepting and making available all incoming Same Day ACH transactions beginning with each phase. First Citizens allowed our ACH Originators to send Same Day ACH credits on September 26, 2016. First Citizens began processing incoming ACH Same Day debits and offered business clients the ability to originate Same Day debits on September 15, 2017.
Will First Citizens Bank automatically enroll your company for Same Day ACH?
Any incoming Same Day ACH credit transactions will automatically be posted to your business account effective September 23, 2016 - no action or enrollment is needed.

Any incoming Same Day ACH debit transactions will automatically be posted to your account effective September 15, 2017.

If you are an existing ACH originator with First Citizens Bank and would like to have the option of sending Same Day ACH entries, please call (866) 322-4249, Option 7 to enroll in the service.
What ACH entries are eligible for Same Day ACH?
Almost all types of ACH Payments, including both Credits and Debits are eligible for same day processing. However, International Transactions (IATs) and transactions above $25,000 will not be eligible for Same Day ACH.
Will tax payments be eligible for Same Day ACH?

The Federal Government is participating in Same Day ACH effective September 15, 2017.

Most State and Local government agencies are participating and will originate and receive Same Day ACH entries. Please check with your particular jurisdiction prior to initiating transactions if you have questions.

Will non-monetary ACH transactions be eligible for Same Day processing?

For non-monetary transactions, there are no funds to settle. Under the NACHA rule, most non-monetary transactions would be eligible for Same Day processing.

Eligible non-monetary transactions include:

  • Notifications of Change (NOCs)
  • Remittance information (using CCDs and CTXs)
  • Death Notifications (DNEs)
  • Pre-notifications - Debits (Phase Two)

Will Same Day ACH transactions be able to carry remittance information?
CCD and CTX entries, as well as other entries that carry remittance, may be eligible to be sent as Same Day ACH. Requirements related to provision of remittance to Receivers will not change.
How will Same Day ACH transactions for identified?
Same Day ACH transactions will be identified by using the current date in the Effective Entry Date field and by timely submission to the bank and an ACH Operator.
Will there be additional fees for receiving or initiating Same Day ACH transactions?
First Citizens will not charge additional fees for our customers to receive Same Day ACH transactions. A fee of $1.00 will be charged for each originated Same Day ACH credit and debit transaction.
May I still initiate transactions one or two days in advance of the effective date?
Yes. Initiating Same Day ACH transactions is optional. Once you have opted-in to First Citizens Same Day ACH service, you can choose whether some or all of your files should be processed Same Day by placing the intended settlement date in the Effective Entry Date field.
What action do I need to take as a potential receiver of Same Day ACH credits?
Although no action is necessary, Receivers should be aware that they may see additional transactions memo posted to their account during the day which could increase their available balance. First Citizens plans to implement the Phase Three funds requirement early; the bank will provide funds availability for Same Day credits received by 5 p.m. local time.
What action do I need to take as a potential receiver of Same Day ACH debits?
No action is necessary. Receivers will see debit transactions post to their account on the settlement date per NACHA rules.
What action do I need to take if my company would like to Originate Same Day ACH credits?
Existing First Citizens ACH Originators should call (866) 322-4249, Option 7 to enroll in Same Day ACH. It is recommended that Originators review their systems to verify that they can create ACH files with the correct/intended effective date to accommodate Same Day ACH.
How late will my organization be able to submit ACH credit files for them to be processed same day?
Once you have enrolled in the service, First Citizens Bank must receive files submitted via Business Online Banking by 12:30 PM Eastern time in order to process the entries same day. Same Day ACH files submitted via our Data Exchange Service (DES) will be processed that day if received by 1:00 PM Eastern time.
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