Same-Day ACH Limit Rises to $1 Million

The per-payment limit for same-day Automated Clearing House transactions increased to $1 million on March 18.

The upgrade to the same-day ACH system was announced by Nacha, a nonprofit trade association, in a news release. The association establishes the rules governing the exchange of commercial electronic payments, including direct deposit payments, through a national network of automated clearing houses.

The previous same-day transaction limit of $100,000 had been in effect since 2020, when it was increased from $25,000.

Increasing the same-day transaction limit is expected to create additional advantages to using the same-day process for tax payments and payroll ...