SAME DAY ACH
Coming Soon! Same day processing of Authorized Clearing House (ACH) Debits.
All consumers, businesses, government entities and financial institutions that use the ACH Network to move money between bank accounts will benefit from the option to move ACH payments faster.
Currently, ACH credit transactions are posted multiple times per day, while ACH debit transactions are posted to accounts only once per day. As of September 15, 2017, ACH debit transactions will also be processed multiple times per day.
How does this affect you?
This means any payments made by writing a paper check, made by telephone or payments authorized via a biller’s website could clear your checking or savings account on the same day you write the check or authorize the payment.
Previously, you may have seen ACH debits posted to your FNB checking or savings account once per day. Going forward, transactions such as check clearings (checks converted to ACH) and bill payments will post multiple times throughout the business day.
What are the benefits of same day ACH debits?
The conversion to “Same Day ACH Debits” will enable you to make faster on-line bill payments as well as faster crediting when you are moving money among transaction accounts that you own at different financial institutions. Similarly, business to business payments will process more quickly while providing faster processing of invoices and payments.
Will your direct deposits be affected?
No. Your direct deposit will continue to be credited to your account on the effective posting date.