Central Banking

Fed board approves changes to same-day ACH service

Federal Reserve

Institutions receiving payments through the US automated clearing house (ACH) service will be forced to participate in its same-day service, while institutions originating them will have to pay a set fee for each transaction, the Federal Reserve's board of governors announced on September 24.

It cited "clear public benefits" in making the changes, which it said would "facilitate the use of the ACH network for certain time-critical payments, accelerate final settlement and improve funds

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: