Consumers and businesses are used to getting what they want when they want it. Your groceries get delivered the same-day and you can summon an Uber in minutes. Payments, however, still tend to take a while. Even in 2016, the quickest way to get your money from one bank to the other is to withdraw..
Same day ACH is now a reality for initiating credits. For debits, same day ACH will be available next year. ACH is a form of Electronic Funds Transfer or EFT. Each time you pay or receive salaries and wages, make direct deposits, pay for utilities or conduct any other transaction, the funds..