Beginning September 15, 2017, a change in the way payments are processed will allow payments to go through on the same day. This is called Same Day ACH. This change has been put into place in an effort to improve and modernize the U.S. Payment System for both, consumers and businesses.  Currently, most ACH payments are settled on the next business day after submitting them. With Same Day ACH, a written check could be deducted from your account the same day you write it, instead of taking 2-3 days to post to your account.  Same day ACH creates a number of benefits for you as a customer.

What Consumers Should Know:

  • A merchant or biller might offer you the option to make a same-day payment, or state that they intend to collect the funds “as quickly as possible.” When you authorize a merchant or biller to debit your account, they should inform you about the timing of the payment.
  • If you have pre-authorized an electronic payment, such as a recurring mortgage or insurance payment, there should be no change to the time these payments are posted to your account. CCFBank will receive and post these payments according to the transaction effective date you have set.
  • You can avoid overdraft fees by making sure you have sufficient funds in your account to cover every payment you make, authorize, or initiate. You should frequently review your account statements and transactions.

Please consider the Same Day ACH rules when you write checks or have ACH debits deducted from your account. It is your responsibility to ensure funds are available in your account to cover any payments you have authorized.

If you have questions about how Same Day ACH may affect your payments, please call us at 1-800-590-9920 and we will be happy to assist you.