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Same Day ACH

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Beginning September 15, 2017, you will start to see Same Day ACH debits* across your accounts! This is the next step in a process that began in 2016, which is streamlining the way you access your funds.

In our fast paced world of new technology, Same Day ACH creates a number of benefits for you as a customer. Late last year, the National Automated Clearing House Association (NACHA), which manages Automated Clearing House payments, implemented a new rule allowing most ACH transactions to be processed and posted the same day they are authorized.

How can I use Same Day ACH Payments?

  • Same day payrolls – Enables employees to have faster access to their pay.
  • Business to business payments – Faster settlements of payments between businesses for faster invoice processing.
  • Expedited bill payments – Customers can make on-time bill payments on bills due same day and this allows for faster crediting for late payments.
  • Account to account transfers – Provides faster crediting for customers who move money among various accounts they own.

What qualifies for Same Day ACH processing?

Almost all types of ACH payments, including both credits and debits are eligible for same-day processing. International transactions and transactions above $25,000 will not be eligible. Additional qualified transactions include returned items, notification of changes, prenotifications or prenotes for future debit and credit transactions, zero dollar transactions and debit and credit transactions with an effective date the same day as the authorized date.

What does this mean for me as a customer?

It is extremely important to ensure there are enough funds in your account to cover any transactions you are authorizing to be paid from your account. When you authorize a payment to pull from your checking account via ACH payment through an online bill payment system, if sufficient funds are not available in your account the same day posting could cause the account to be overdrawn.

Overall, Same Day ACH processing will allow for faster access to funds transferred between accounts and more efficient processing of everyday transactions. Beginning September 15, you will start to see ACH Payments debited and credited from your account the same day you authorized them.

One example: It is September 30, 2017. Your car payment is due on October 1, 2017. You log into your online banking account to pay this bill and authorize the financial institution to pay your loan payment of $400. If there is not $400 in your account and your payment qualifies for same day ACH posting, you would overdraw the account under these new payment processes.

Frequently Asked Questions

Got questions? We've got answers.

Same Day ACH refers to same day processing of credit transactions coming into your account and debit transactions coming from your account through the Automated Clearing House (ACH). With Same Day ACH, credit and debit transactions will be able to post to and from accounts throughout the day.

Same Day ACH will go into effect on September 15, 2017. Same Day ACH is part of a phased initiative through the National Automated Clearing House Association (NACHA) to expedite processing of payments. Same Day ACH credits were performed with Phase One effective September 23, 2016. Phase 2 will be effective September 15, 2017 and allow same day processing of credits and debits.

Previously, you would only see payments deducted from your account from bill payments or checks cleared through ACH once per day. As of September 15, you will see those transactions post throughout the business day.

With Same Day ACH, debit payments may be withdrawn from your account the day the check is given or the payment is made when you:

  • Give a check to a merchant who converts it into an ACH item.
    • For example: You write a check to a store, they process the check then hand you the paper check back.
  • Make a checking account payment to a business online.
Previously, that debit could have taken as long as 1 or 2 days to process.

No. Debit card transactions will still be processed and posted as they are today.

These payments are only affected if the payee converts the check into an ACH transaction and opts to process it as a Same Day ACH transaction.

The conversion to Same Day ACH debits will enable you to make easier on-time bill payments, as well as allow faster crediting of transfers that are made between your accounts at The Middlefield Banking Company and other institutions. Same Day ACH will also allow faster business to business payments, providing faster processing of invoices and payments.

With this change, it will be more important than ever to make sure a check is not written or a payment is not scheduled if you do not have funds in your account already to cover the amount of the purchase or payment. At The Middlefield Banking Company, we can provide you with easy-to-use tools to manage your accounts and monitor your activity, such as Online and Mobile Banking. Learning more about these tools will ensure you see the benefits of Same Day ACH without being impacted in a negative manner. Please contact your local banking center for more information.

At this time, The Middlefield Banking Company is not offering Same Day ACH Origination.

If you are a personal or business customer, please reach out to our Customer Service at 888.801.1666.

* Same Day ACH funds will be available to the recipient the same day it is transferred, provided the daily cut off times are met.

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