News and Announcements

Same Day ACH Debits are Here

When using your Debit Card or writing a Draft/Check, have you gotten used to some lag-time between the transaction and the money clearing your account? This has gone away. For example, if you write a Draft/Check or pay your cable bill by telephone in the morning, the funds could clear from your account before 5:00 that same day.

On September 15, 2017 the Federal Reserve started processing Same Day ACH (Automated Clearing House) Debits. These can originate from your credit union transactions or if you’re shopping at your local supermarket or other retailer. When you write a Draft/Check, large retailers can opt to convert Drafts/Checks to ACH, the same system that clears your Debit Card transactions.

3 Tips to Be Prepared

  1. Don’t Assume Funds Will Clear the Day After Purchase: Habits can be hard to break. Get in the habit now of planning for funds to clear at the time you swipe your Debit Card, write your Draft/Check, or make a telephone or online payment.

  2. Check Your Share Draft Checking Balance: Keeping a low balance can have a negative impact in the event a same-day ACH debit overdraws your account and incurs a fee. Even with overdraft protection, keeping your account balance at a level that supports your spending is the best way to keep your account in the green. Enroll for Best Reward Online (if you haven’t already) and set up Account Alerts to help you track your activity.

  3. Ask Questions: We’re here to help! Watch your statements and our website for additional announcements. Contact us by phone, email, or stop into a branch to ask any questions that you may have. Join our Mailing List and be the first to receive valuable information, such as this right, in you inbox.

More Helpful Tips

  • Always make sure that there is money in your account to cover the transaction before making a purchase or payment, so you don’t overdraw your account.

  • When reviewing your account balance on Best Reward Online or using our Mobile Banking App, please be sure to look at the “Available Balance” not the “Actual Balance.” Transactions that you make with a Debit Card will “hold” the money, but not fully debit it from your account. However, the “Available Balance” will typically be the amount that you have to actually spend, after the held money has been accounted for.

  • The credit union has no control over when transactions clear your account. It depends on when the company you scheduled the transaction with batches their transactions for the day. We also don’t control whether your direct deposit will go into your account before any transactions are processed that day.

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