Same-day ACH starts September 15

Same-day ACH Starts September 15

Beginning September 15, 2017, you may notice that funds have been debited from your account as soon as the very same day to pay certain electronic ACH debits for bills or payments. In an effort to move funds faster, the National ACH Association (NACHA) has approved merchants to make Same Day ACH (electronic) payments.

  • Virtually all types of ACH payments, including both credits and debits, will be eligible for same-day processing.
  • Only international transactions and high-value transactions above $25,000 are not eligible.
  • Use of Same Day ACH debits are determined by the merchant, not Redstone. Please contact the merchant to ask if they use same-day item posting.
  • Debit card or ATM transactions are not impacted.

As a reminder, you should always have sufficient funds in your account to cover every payment made, authorized, or initiated. Stay on top of your account activity by viewing it through online or mobile banking,* or review of your account statement.


Frequently Asked Questions

What is considered an ACH transaction?

ACH transactions can be either debit or credit payments and commonly include Direct Deposit of payroll, government and Social Security benefits, mortgage and bill payments, online banking payments, person-to-person (P2P) and business-to-business (B2B) payments, to name a few.

Can checks be converted to same-day electronic items?

Yes. If you make a payment with a paper check, the merchant may submit it for payment electronically instead of taking it to the bank for deposit.

Can overdraft sources be used to pay same-day items?

Yes. If funds aren’t available in your account, overdraft sources may be used if credit is available. Applicable overdraft fees may apply.

Will my debit card transactions be affected?

No. Same Day ACH does not impact the timing of funds being withdrawn from your checking account due to debit card (or ATM) transactions.

Will debits post before credits?

Redstone Federal Credit Union makes every effort to post credits to your account before debits. However, funds should always be in the account when authorization for a debit is given.

*Must have username, password, and online banking service to access. Standard wireless carrier text message and/or data rates and fees may apply; check with your carrier for more information.