CHANGE IS COMING…

The backbone of the US payment system is about to get faster! The Automated Clearing House (ACH) network will be able to support same-day credit and debit settlement between any two financial institutions for the first time in the United States.

WHAT DOES THIS MEAN FOR YOU?

Effective September 15, 2017, ACH debits and credits will have the ability to post on the same day they are created.

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This means that any ACH items will post as they are presented and may be eligible for processing on the same day they are authorized. For example, you authorized your cable company to take your payment on the 10th of each month, and the debit usually hits your account around the 11th or 12th. With Same Day ACH, that item could hit your account on the 10th…almost two days faster than before.

The key importance is to make sure funds are available in your account before you make in-person, online, or telephone payments to avoid incurring NSF or Overdraft fees. Previously, ACH transactions could have taken 1-2 days to process; now, the same transactions may post the same-day on which you authorize them.

The Focus Federal Credit Union offers our members several easy-to-use tools to help manage your account, and check your balances, such as:

Online Banking
Mobile Banking
Touch Tone Teller
Account Alerts

Should you have any questions regarding the upcoming changes, feel free to contact one of our friendly Financial Service Representatives at

405.230.1328