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Enhancements to Federal Reserve Bank Same-Day ACH Service

Posted on 9/28/2015

The Board of Governors has approved enhancements to the Federal Reserve Banks' same-day automated clearing house (ACH) service. The enhancements require receiving depository financial institutions (RDFIs) to participate in the service and originating depository financial institutions (ODFIs) to pay a fee to RDFIs for each same-day ACH forward transaction. The enhancements will be adopted by incorporation of NACHA's amended operating rules into Operating Circular 4, governing the Reserve Banks' ACH services.

To read more visit: http://www.gpo.gov/fdsys/pkg/FR-2015-09-28/pdf/2015-24551.pdf



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