News and Alerts


Important information regarding ach debit changes

Effective September 15, 2017

Changes in the national rules for Automated Clearing House (ACH) debits are taking effect September 15, 2017. Due to these changes, virtually all types of electronic payments for debits are now eligible to be processed on the same day that they are originated. This will speed up the payment system, which has great benefit when you are receiving a payment, but also means that when you are making a payment, the funds will clear your account sooner if not immediately.

Examples of same-day debits may include the following:

1. Debit card purchases at in-store merchants or online

2. Online bill payments

3. Account-to-account transfers

4. Business-to-business payments

What does this mean to you?

Make sure funds are available in your account before you make payments with your debit card, online or via telephone to avoid incurring overdraft (NSF) fees. Float times - the time between when you authorize a payment and when the money clears your account - will be greatly reduced, if not eliminated altogether. If you're not already enrolled in one of our overdraft protection plans, consider contacting a member services representative to see if one of our options makes sense for you.

If you have any questions regarding this matter, please contact Martha Luna at 775.738.4083.