NACHA Releases Informal Guidance For $100,000 Same-Day ACH Per-Transaction Limit

LexisNexis (September 15, 2020, 9:54 AM EDT) -- The first 100 days are over since Nacha's rule quadrupling the Same Day ACH per transaction entry limit from $25,000 to $100,000 became effective. In keeping with its role as overseer of the ACH network's operating rules and standards, on July 9, 2020, Nacha released "informal" guidance "interpreting" the large-dollar Same Day ACH entry limit. The guidance focuses on evasion....