Friday, August 04, 2017
Evolution of Faster Payments
Waiting for funds to enter or exit your account is added stress you don’t need when managing your money. That’s why Dupaco is evolving to same day Automated Clearing House (ACH) processing—a faster way of moving money.
How it affects you
Same day ACH processing lessens the time between when you make or receive a payment, and it being reflected in your account balance. So, once this change is implemented, you may begin to see ACH transactions posting to your account sooner than you are used to.
You can avoid declined payments, insufficient funds fees and/or Overdraft Privilege fees (for those enrolled), by authorizing payments only when you have the funds in your account.
Why the Change?
Merchants and financial institutions, like Dupaco, will soon be required to use same day ACH processing, in order to be compliant with National Automated Clearing House Association rules. Dupaco will make the move to faster processing through same day ACH on September 15, 2017.
If you have questions regarding ACH transactions or SDACH processing, please contact Dupaco’s Deposit Operations team at 800-373-7600, ext. 207.