What is Next Day ACH?

What is Next Day ACH?

Information

Title
What is Next Day ACH?

Summary
Dwolla offers Next Day ACH for transfers coming into the Dwolla Network from a bank account. This is the debit portion of a transaction.

Next Day ACH makes a transfer available in the Dwolla Balance sooner, which means it can be sent out earlier than if you’d used traditional ACH. On Monday through Friday, excluding banking holidays, Next Day ACH transfers will export that same day and process into the receiving bank account the following morning. Transfers initiated on a weekend would export the following business day (usually Monday) and clear on the next business day.

With Next Day ACH enabled, transfer processing is expedited but the return and rejection window doesn’t change, meaning that common return codes may not be received until a later time. As with most faster payment options, there is an increased risk due to the transaction settling before the ACH return windows close.

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