What is Two-Day Settlement?

When using two-day settlement for ACH, payments will be made on Same Day ACH rails. If a payment fails after funds have been made available in your account's balance, these funds will immediately be removed from your account.

Please be aware of these additional risks. You may have transactions that pay out from your account's balance that later fail for common errors such as insufficient funds (NSF).

Eligibility

US businesses in good standing will typically be eligible for two-day settlement after processing through your account for a minimum of 120 days.

If you been have opted into two-day settlement and you fail to meet eligibility requirements on an ongoing basis, your eligibility may be revoked and your processing will revert back to standard timing.

What is Same Day ACH?

Same Day ACH is an improvement to the ACH network that allows for faster processing of ACH transactions. This does not mean that funds are available and confirmed on the same day. The customer’s bank still has 2 business days to send a return, so payments will take 3-4 business days to be processed and confirmed (compared to 4-5 business days for standard ACH). For ACH Direct Debit transactions with two-day settlement timing, payments under $100,000 submitted before 2:00 pm Eastern Time will be processed on Same Day ACH rails. Payments above this limit or submitted after this cutoff time will be processed the next day.

Settlement Timing

All times are in business days