Please review the updates below to ensure that you are aware of news and information that will affect your usage of Northeast Bank's ACH Origination Service.

The National Automated Clearinghouse Association (NACHA), the governing agency for the ACH payment network, authorized the use of Same Day ACH payments to improve the speed of its payments. Same Day ACH capabilities allow originators to initiate an ACH entry and have it become effective on the same day, if time cutoffs are met and the entry meets defined criteria. Same Day ACH supports Same Day ACH credit and debit entries up to $100,000. 

Things to Note

  • Northeast Bank has an updated Cash Management ACH Origination Agreement with new security procedures that require the current code from a Cash Management User's registered security token be entered in place of a texted one-time passcode to initiate an ACH file(s). Your continued use of our ACH Origination Services after November 1, 2020 indicates your acceptance of the updated agreement.

  • Northeast Bank offers Same Day ACH services to authorized Originators for use in special circumstances.
    • Approved Originators may send Same Day ACH transactions in accordance with NACHA specifications during the defined processing windows.
    • You only need to sign the Same Day ACH Attachment 1-1 if you are interested in having Same Day ACH Origination activated for your organization.
  • Business Select / SmartPay ACH Originators must submit their Same Day ACH transaction(s) by 12 Noon Central Time.
  • Cash Management ACH Originators enabled for Same Day ACH can process Same Day ACH files in one of two Same Day ACH processing windows:
    • 1st Same Day ACH window: 8:00 AM cut-off time - Same Day ACH transactions processed during this window, will be available to recipient by 1:00 PM local time of the receiving bank.
    • 2nd Same Day ACH window: 12 Noon cut-off time - Same Day ACH transactions processed during this window, will be available to recipient by 5:00 PM local time of the receiving bank.
  • If you need assistance with a Same Day ACH file, please contact Northeast Bank ACH Services at 612-362-3277.
  • In accordance with industry best practices, we recommend that ACH Originators send ACH credits two days prior to their Effective Date and ACH debits one day in advance. Northeast Bank offers Same Day ACH services to authorized Originators for use in special circumstances.
  • The daily Cash Management ACH Origination cutoff time for standard transactions is 4:00 PM Central Time.
  • When ACH files are processed, all initiated files, whether they are Same Day ACH files or Future Dated ACH files, will go to a processed status in Cash Management. Cash Management Users will be unable to edit them.
  • Our standard Cash Management ACH origination processes will be run three (3) times each day to account for Same Day ACH processing.
  • ACH Return Notices and Notifications of Change sent to Originators directly from the Federal Reserve Bank.

Where can I get more information?

Please review these documents:

We will continue to update this FAQ as we get more questions. You can call 612-379-8811 and ask to speak to an eBanking team member about Same Day ACH origination and the updates to our ACH origination process.