A phased approach to implementing Same Day ACH was established in order to give financial institutions and other affected parties ample time to make necessary changes. The three stages of the Same Day ACH rollout are as follows:

Phase 1 - September 2016 (for payouts): Ability to receive and process Same-Day credits becomes mandatory, the 10:30AM ET and 2:45PM ET processing windows open and the new 1:00PM ET and 5:00PM ET settlement times open.

Phase 2 - September 2017 (payout and collect payments): Ability to receive and process Same-Day credits and debits becomes mandatory.

Phase 3 - March 2018 (make funds available by end of business day): 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.

If you are interested in leveraging Same-Day ACH within your business, first talk to your financial institution to determine if leveraging Same-Day ACH is cost-effective and appropriate for your use case. The first rollout will benefit those who need to run payroll, P2P payments, and same-day bill pay. The second phase of Same-Day ACH will be appealing to those receiving customer bill payments.

Dwolla provides an easy on-ramp to the ACH network and is a thought leader in the industry. Talk to one of our integration specialists today to determine if one of our bank transfer APIs can help you customize the powerful bank transfer solution you need. Choose from our Dwolla-branded or White Label bank transfer API solutions, and incorporate everything from instant account verification to branded customer communications.

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Talk to an integration specialist. Learn more about Same Day ACH
Financial institutions play an important role in the Dwolla network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla 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.