Effective September 15, 2017, ACH debits and credits will have the ability to post on the same day they are created. This affects all institutions, not just Red Crown Credit Union.
What does this mean to you?
Going forward, ACH items and paper checks will post as they are presented to Red Crown Credit Union. These changes mean that electronic credits and debits (including checks that you issue which are subsequently processed as electronic debits), may be eligible for processing on the same day that they are authorized by you. This results in a faster payment system, which has great benefit when you are receiving a payment, but also means that payments you make may clear your account sooner than they have before.
It is important to make sure that funds are available in your account before you make in-person, online, or telephone payments to avoid incurring NSF or Overdraft fees. Previously, ACH transactions could have taken 1-2 days to process; now, the same transactions may post the same-day on which you authorize them.
Red Crown Credit Union offers our members several easy-to-use tools to help manage your account(s) and check your balances, such as:
- Online Banking
- Mobile Banking
- Account Alerts
If you have any questions, please contact us at 918.477.3200