U.S. Treasury Participation in Same Day ACH

A Message from the Federal Reserve Bank of Atlanta

April 4, 2017

As you know, there has been much anticipation of the U.S. Treasury’s decision of if (and when) it might participate in Same Day ACH. We have been engaged in weekly conversations with the Treasury in an effort to ensure a coordinated communication of their decision; however, due to circumstances beyond our control, a large number of ACH Network participants received notice this morning of the Treasury’s Same Day ACH plans. As a result, we wanted to pass along to you the latest update so that you will be prepared for questions you may receive from your members. Please note that additional info will be forthcoming from both NACHA and the Fed in the coming days/weeks with more details surrounding the Treasury’s implementation of Same Day ACH. Also, as has been true all along, the following plans are contingent upon the publication of a final 31 CFR Part 210 rule.

• The Treasury is committed to participating in Same Day ACH as of Sept. 15, 2017, beginning with the capability to receive tax and non-tax Same Day ACH credits.
  • With respect to origination of Same Day ACH, Treasury will have this capability no later than October for EFTPS debits.
  • Other Treasury programs will be adopting the capability later in the year and into 2018.
• ACH origination software vendors and third-party processors providing financial institution ACH origination services need to know that federal government routing transit numbers are expected to be operational to support Same Day ACH credit receipt as of Sept. 15, 2017.

-- Diane Freeman
Marketing and Education Manager
Strategic Business Relations and Outreach and International Development
Federal Reserve Bank of Atlanta