logoalt Hacker News

kolanos • today at 6:37 PM • 1 reply • view on HN

Not real time, but ACH is being forcibly sped up by regulators. [0]

> All U.S. financial institutions (Receiving Depository Financial Institutions or RDFIs) must participate and accept Same Day ACH credit transactions.

> However, sending (originating) Same Day ACH payments is optional for banks and credit unions.

[0]: https://www.nebankmn.com/assets/files/aijt34yD


Replies

Scaled • today at 6:44 PM

That's great, but $1 per transaction makes same day ACH tough for small transactions

➕ show 2 replies