Less than 1 min.Read

Nacha: Increases same-day ACH limit to $1 million

April 8, 2021

Nacha a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments
Nacha members approved a measure to increase the pre-payment maximum from the current $100,000
It apply to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers
Nacha made a significant enhancement to Same Day ACH every year since it introduced in 2016
The $1 million limit beneficial for many types of payments, from insurance claim payments and payroll funding
The approval comes just weeks after Same Day ACH operating hours extended