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Same Day ACH Payments


Same Day ACH Payments

On September 15th, Same Day ACH payments will be coming to merchants and billing companies. This means that if you agree to make an electronic payment, funds might be debited to your account as soon as the very same day. Previously, it may have taken a couple of days for payments to post. Starting on September 15th, this may no longer be the case.

When making a payment or paying a bill through ACH, available funds must be in your account. If the funds are not immediately available we recommend you wait until funds are available before making the payment. If funds are not available and funds are debited to your account we may charge a fee, and if you do not have overdraft protection, you will also incur a fee from the merchant or billing company.

You should always have sufficient funds in your account to cover every payment you make, authorize, or initiate, and you should frequently review your account statements and transactions.


What is an ACH payment/debit?
They are electronic debits that are commonly known as Direct Payment, Direct Debit, ACH Debit, Electronic Check or e-check, and similar terms.

What’s changing?
Currently credit transactions are posted multiple times per day while debit transactions are posted to accounts only once per day. As of September 15, 2017, debit transactions will also be processed multiple times per day.

How does this affect me?

Previously, you may have seen debits posted to your GAFCU checking/share draft or savings account once per day. Going forward, transactions such as check clearing (only checks to ACH), and bill payments will post multiple times throughout the business day.

What are the benefits of same day ACH debits?

The conversion to ‘same day ACH debits’ will enable you to make easier on-time bill payments as well as faster crediting when you are moving money among transactions that you own at different financial institutions. Similarly, business to business payments will process more quickly – providing faster processing of invoices and payments.

Will my direct deposit be affected?
No. Your direct deposit will continue to be credited to your account on the correct posting date.

 Will this affect me if I use Bill Pay or have a schedule recurring payment?
If a payment is scheduled to be made on a certain day. The electronic payment will be processed and funds may be debited from your account that day. For example, if a bill/automatic payment is scheduled for the 14th of every month, please make sure funds are available before the 14th. If you are using Popmoney or Bank-to-Bank transfers please make sure to have funds available in your account to make such transfers.

What can I do to prevent my account from being overdrawn?
We offer overdraft lines of credit. For more information please contact our Service Support Department at 888-554-2328 x280