Increasing the Same Day ACH Dollar Limit 2022 | Nacha | 17 March 2022 | TBA
Venue
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| Event Date |
Fri Mar 18 UTC (over 2 years ago)
In your timezone (EST): Thu Mar 17 8:00pm - Thu Mar 17 8:00pm |
| Region | All |
Details
This rule will continue to expand the capabilities of Same Day ACH. Increasing the Same Day ACH dollar limit to $1 million per payment is expected to improve Same Day ACH use cases, and contribute to additional adoption.
Increasing the dollar limit has been a frequently asked for change by ACH end-users. Most recently, a summer 2020 survey of corporate ACH end-users resulted in recommendations for Same Day ACH:
• Increase or remove dollar limits
• Expand processing hours and days
The dollar limit increase in March 2020 had an immediate impact on the use of Same Day ACH
• The average amount of a Same Day ACH payment increased by 46% from February to April 2020
• Overall Same Day ACH dollar volume increased by 86% in 2020