Soon Same Day ACH will be coming to banks and financial institutions across the United States. However, the rollover will not be in one fell swoop. Same Day ACH will be rolled out in three phases, with the first phase of the rollout focusing on the ability to receive and process ACH.

Phase 1 - September 2016: Ability to receive and process Same Day credits

Phase 2 - September 2017: Ability to receive and process Same Day credits and debits

Phase 3 - March 2018: Make eligible Same Day ACH funds (i.e. sent before the cut-off window) available to the payee by end of business on the same day

To make the most of the ACH network, it’s best to understand how to use the first phase of the rollout and how it can benefit for your business,  

Understanding Phase 1

Phase 1 of Same Day ACH will be rolled out in September of 2016. In short, the first phase of functionality will enable better payouts. Receiving Depository Financial Institutions (RDFIs) will be required to implement the ability to receive and process same-day credits to an account. Basically, if you’re receiving funds and have Same Day ACH transactions, you will get those funds in your account within the day.

Phase 1 will shift the closing window from once a day to twice a day. If you send before 10:30AM ET and 2:45PM ET, your payment will hit the RDFI by 1:00PM ET and 5:00PM ET settlement respectively.

Transactions may now post within the same day, rather than the next business day, if submitted before the cutoff times (above).

Benefiting from Same Day ACH: Phase 1

Those who wish to receive funds faster will benefit from this first phase of Same Day ACH rollout. Get access to working capital days before you previously could and cut the use of paper checks in day-to-day business operations, thus allowing you to run more efficiently.

Put Same Day ACH to work for you

Dwolla is excited to offer Same Day ACH. You can learn more about the offering and potential added value by reviewing Dwolla's Same Day ACH Transfer API

We’ve built our branded products at and our white label APIs to be future ready to integrate new payment types, like Same Day ACH. We’re well-acquainted with the ACH network and we’re working to be well positioned to help your business manage the new Same Day ACH functionality.

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Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in our network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.