How do effective dates for ACH credits and debits work?
Online Business Banking does not allow same business day effective dates because you can’t create a same day ACH transaction. According to NACHA rules, a transaction can not be entered into the ACH network until the effective date is within one business day for debits or within two business days for credits. However, the business can initiate their batch prior to these restrictions. Gate City Bank has a system that will warehouse the batches created by the business until the effective date is within the NACHA guidelines. We recommend initiating your ACH batch at least two business days before the effective date.
