Daily Dupaco

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. 

The types of transactions affected by this change are those which use a routing number and account number to make or receive a payment electronically—also known as ACH transactions. This may also include a paper check converted by the merchant to an electronic payment. 

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.


Comments (4)
Mobile Deposit
Joe
 • 9 days 1 hr 37 mins 28 secs ago
Will this change affect mobile deposits? I use this handy feature every month, and it would be great to see the full balance deposited a couple days sooner. :)
 

Re: Mobile Deposit
Dupaco Moderator
 • 6 days 2 hrs 54 mins 33 secs ago

Hi Joe, mobile deposit transaction times will not be affected by this change. Deposits made between 8 a.m. and 4 p.m. CT Mon.-Fri. will be posted within 5 hours. Deposits made after 4 p.m. CT Mon.-Fri. will be posted by 10 a.m. CT the next business day. Deposits are not posted on Saturday, Sunday or Holidays; They will be posted by 10 a.m. CT the next business day. Thank you :)

 

Mobile Deposit
Joe
 • 9 days 1 hr 37 mins 28 secs ago
Will this change affect mobile deposits? I use this handy feature every month, and it would be great to see the full balance deposited a couple days sooner. :)
 

Re: Mobile Deposit
Dupaco Moderator
 • 6 days 2 hrs 54 mins 33 secs ago

Hi Joe, mobile deposit transaction times will not be affected by this change. Deposits made between 8 a.m. and 4 p.m. CT Mon.-Fri. will be posted within 5 hours. Deposits made after 4 p.m. CT Mon.-Fri. will be posted by 10 a.m. CT the next business day. Deposits are not posted on Saturday, Sunday or Holidays; They will be posted by 10 a.m. CT the next business day. Thank you :)

 

finally:)
clement
 • 13 days 21 hrs 36 mins 24 secs ago
this is why i love dupaco.
 

?
Lisa
 • 14 days 4 hrs 21 mins 49 secs ago
Does that mean payroll deposits will show up sooner than 8am on the payday? Every bank I've had it shows up around 2am.
 

Re: ?
Dupaco Moderator
 • 12 days 5 hrs 21 mins 37 secs ago

Hi Lisa, when it comes to payroll deposits, the posting time is dependent on when the employer sends the deposit for us to post.

 

sounds good
Leota
 • 19 days 34 secs ago
sounds good
 

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