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The Federal Reserve is working on speeding up the ACH network. Starting in August same-day ACH will start going into effect based on my understanding.
by thinkcomp 16y ago
The Federal Reserve is working on speeding up the ACH network. Starting in August same-day ACH will start going into effect based on my understanding.
- billclerico 16y agothere is still a 48 hour window for transactions to be returned because of insufficient funds. and same day ACH will only be supported by a small subset of banks (and none of the big ones, at least for a long while)