Same Day ACH Phase 1 goes into Effect TOMORROW. Is Your FI Ready?

on by Monica Howeth, Education Specialist

Oh dear, Same Day ACH is here TOMORROW, September 23rd!

CBANC Education put on some great webinars with both Michele Barlow of WACHA and Kevin Olsen of ePayResources, Inc. to prepare our members. You still have time to access and use them to review your checklist:

Some gems from our webinars and Q+A conversations that we think are valuable to emphasize:

  • While originating Same Day ACH is optional for financial institutions, receiving is NOT optional. This means that it does indeed affect all financial institutions. Many FIs have been surprised by this in recents weeks.
  • Phase 1 takes effect on a Friday afternoon, which means that there is a considerable chance for hiccups over the weekend. Prepare your team to put in some extra time to ensure a smooth transition into compliance.

All live events and replays are available at no additional cost to our All-Access Members. Use our catalogue of on-demand webinars to be sure that you’re always prepared in a pinch. Contact me at mhoweth@cbancnetwork.com for more details.


About CBANC:

We are the professional network for the banking industry, powering the largest online community of banks and credit unions in the world. Every business day, CBANC helps thousands of verified financial professionals and their institutions make more intelligent vendor decisions, navigate compliance challenges, and answer questions.

Our software leverages the network effects inherent in our community, enabling our members and the vendors that serve them to work together to solve problems. The results are more efficient operations, the ability to better serve customers, and an improved competitive position for our members and the US banking system.

About the Author:

Monica Howeth
Education Specialist