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Same Day ACH

Beginning September 15, 2017, users of the ACH Network will benefit from the option to move ACH payments faster.

What's changing?

ACH credit transactions are currently posted multiple times per day while ACH debit transactions are posted to accounts one time per day. With this change, ACH debit transactions will also be processed and posted multiple times per day.

What are the benefits of same day ACH debits?

With the implementation of same day ACH debits, you will be able to make faster online payments and well as faster transfers of funds between different financial institutions when dealing with merchants that offer same day ACH debits. Business to business payments will also process more quickly providing faster processing of invoices and payments.

How does this affect you?

Any payments made by writing a paper check, by telephone, or payments authorized online could clear your account on the same day you write the check or authorize the payment.

Going forward you may begin to see electronic debit transactions posting to your account multiple times per day. This includes paper checks converted to electronic checks as well as those other transactions you have authorized over the phone or via a website.

Will all merchants participate in same day ACH debits?

Not all merchants will participate in same day ACH debits. If you have a relationship with a merchant that will be processing same day ACH debits, they should disclose that to you in advance of your payment being processed via same day ACH.

Will my payments/transfers from State Bank of Lizton be received by merchants or in my other accounts on the same day?

At this time, State Bank of Lizton only accepts same day ACH items. That said, any payment or outgoing transfer that you originate through our online banking or bill pay will continue to be processed via regular ACH.

State Bank of Lizton