This service enables processing, editing, distribution and settlement of virtually any Financialservicepayment during the current processing day as provided for by the Financialservice Rules. The Financialservice Rules exclude from eligibility international transactions (IAT), automated enrollment entries (ENR) and transactions above $1,000,000. Additionally, in order to process and settle same day, an item must be received by a same day transmission deadline and must not contain a future date in the effective entry date field.
The Financialserviceprocessing schedule provides all transmission deadlines and settlement schedules for both future-dated and Same Day ACH items.