WHAT IS AN ACH PAYMENT?
ACH (Automated Clearing House) payments are electronic payments created when you give an institution, corporation, or individual the authorization to directly deposit funds into your checking or savings account (also called a direct deposit). This type of payment is commonly used for payroll and social security benefits.
ACH payments are also used when you set up a reoccurring, electronic payment to automatically pay a bill from your checking account. This type of payment is commonly used for things such as utility bills, cell phone bills, and loan payments.
During the conversion process, your ACH payments and direct deposits may be impacted.
ACH direct deposit transactions which would have shown as pending in your transaction history in online or mobile banking between Saturday, March 20 and Thursday, March 25, will post on Friday, March 19. As a result, any incoming direct deposit funds will be made available to you early.
Additionally, some ACH payments scheduled to be withdrawn between Saturday, March 20 and Tuesday, March 23, will be withdrawn on Friday, March 19. We anticipate these changes to impact only a very small portion of the membership.