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Same Day ACH changes due in March
FRBServices has posted a notice that the countdown to the March 19, 2021, new processing window for Same Day ACH now stands at six months. The ACH Rules change, initially announced in September 2018, will establish a third and later same day ACH processing and settlement window with a settlement deadline of 4:45 p.m. ET and settlement at 6 p.m. ET. In support of the new processing window, the Federal Reserve Board approved modifications to FedACH®Services, National Settlement Service (NSS) and Fedwire® Funds Service to also be implemented in March 2021.
To assist its customers with preparations and implementation of the new Same Day ACH processing window, FRBServices has released: