Same Day ACH Debits

Effective today, Friday, September 15th, NACHA is changing the way certain electronic payments may post to consumers’ accounts, making some transactions post the same day they are made.


Many merchants and billing companies may offer you the option to make a same-day electronic payment, such as to pay a bill or to transfer funds. If you agree, then the funds might be debited from your account as soon as that very same day. For example, if you have a bill due on the 25th of the month, the billing company might allow you to call or use its website on the morning of the 25th to make an on-time payment, and also have the funds debited from your account on the 25th. While these types of payments won’t be reflected on your account balance as quickly as your debit card and ATM transactions, you will have access to more accurate information about your actual available account balance more frequently throughout the business day.



1. You should understand that when you authorize a merchant or biller to debit your account at TNConnect, the merchant or biller should include information or a statement about the timing of the payment. If the merchant or biller offers the member an option to make a same-day payment, it might be referred to as a same-day payment, or noted that the merchant or biller intends to collect the funds as quickly as possible.

2. If members have pre-authorized an electronic payment, such as a recurring mortgage or insurance payment, then very likely there will be no change to the time these payments are posted to their account. As always, consumers’ financial institutions will receive and post these payments normally as designated by the transaction effective date.

3. Members should always have sufficient funds in their account to cover every payment they make, authorize, or initiate.  Going forward, these same day ACH debits could actually withdraw from your account that same day. Members should frequently review their account statements and transactions.