Terms and Conditions: All ACH transaction requests must be made before 3:00 PM for next day posting. Any request received after 3:00 PM will be processed the next business day and may take up to 48 hours to post to your account.**
There is no fee for all auto-generated/ recurring transactions. However, a $10 per item fee will be incurred for all one-time transactions initiated outside of a Collections ACH Direct Payment. Funds must be available for withdrawals. If funds are not available at the time of ACH debit, other institution may charge insufficient fee and Texas Bay will charge a returned item fee for each transactions. Please see Texas Bay Fee Schedule for related fees.
Apply at any location
3 x 5″ – $15
3 x 10″ – $30
5 x 10″ – $45
10 x 10″ – $75
The National Automated Clearing House Association (NACHA) approved a rule that allows for Same Day ACH payment capability across the entire ACH network. Under the rule, virtually all ACH transactions will be eligible for same-day processing and settlement in various phases through 2018. Same Day ACH allows a financial institution to send an electronic payment to another account, whether at the same or different institution, to be received and credited or debited on the same business day. If a payment is made or a bill is paid electronically, it may clear the account the same day it was paid. Same day debit phase was implemented on September 15, 2017. All other ACH transactions will be processed as they have been in the past unless processed according to the Same Day ACH requirements.
The National Automated Clearing House Association (NACHA) approved a rule on May 19, 2015, that allows for Same Day ACH payment capability across the entire ACH network. Under the rule, virtually all ACH transactions will be eligible for same-day processing and settlement in various phases through 2018.
What is Same Day ACH?
How will Same Day ACH work?
Phase 1 was implemented in September 2016 and Phase 2 of Same Day ACH implemented on September 15, 2017. Additional details below are provided for your reference:
Posting of funds to your account from Same Day ACH payments is solely dependent on the originating financial institution including the payment in one of the Same Day ACH payment delivery windows listed above. If the ACH payment is not received in one of the available same-day processing delivery windows outlined above, Texas Bay will post the ACH payment during the next available delivery window and/or when received, whichever comes first.