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New Policy Makes ACH Payments Final Upon Settlement

On June 25 the Fed will implement ACH Settlement Day Finality, a policy change that will make credit for ACH credit originations final when posted to financial institution accounts at 8:30 a.m. Eastern Time (ET) on settlement date rather than 8:30 a.m. ET the business day following settlement date.

This change reduces interbank settlement risk and implements the same risk-control measure used by the Fedwire® and Net Settlement services.

One immediate change, starting April 2, is a new "PRFNDACH" line on the Account Balance Monitoring System screen on FedLine®. This line will remain blank until Settlement Day Finality becomes effective in June.

For more information, see the ACH Settlement Day Finality Guide, or call Cheryl McCarthy at (314) 444-8459 or toll-free at 1-800-333-0810.


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