By using same-day ACH transfer, you can ensure your ACH payment gets to vendors faster. Same-day ACH transfer is delivered on the same day it’s sent, instead of the regular 3 business days.
Payments scheduled until 2 pm ET / 11 am PT are processed that day. Any payments submitted after this time will only start processing the following business day. To find out more about the different payment delivery timelines, please see the following guide.
When you pay with your card, the default delivery speed is on the same business day. So, you don’t have to choose it when making a payment.
How to make a same-day ACH transfer
If the payment is eligible for same-day ACH transfer, you’ll have the option to select it when scheduling your payment deduction date:
1- Sign in to Accounts Payable.
2- Select + New Payment. This button will always be at the top right of the Pay dashboard.
Alternatively, to pay a bill you've already added: go to the Bills tab, find the bill in your list, and select Pay next to it. This takes you to the same Pay page described below.
3- On the Pay screen, enter all the necessary details until you reach the What your vendor receives section.
4- Select ACH transfer as the delivery method.
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For existing vendors:
- Use the dropdown menu to choose from saved delivery methods.
- To add a new method or edit an existing one, select Manage delivery methods.
- Select +Add another to add a new delivery method. Enter the additional delivery method in the vendor details.
- To edit an existing delivery method, select Edit. You can now edit the details for that delivery method
- Select Save when done.
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For new vendors:
- Select the Add delivery method box.
- If you haven't added them already, you will need to add ACH bank transfer details in the Delivery methods screen. Do this by selecting +Add details next to ACH Transfer.
- Next, follow the prompts to fill in the ACH routing number and account number. Select Save when done.
- If you don't have vendor delivery details, select the option to Ask vendor for their choice.
- Select Save and send request when done.
- Select the Add delivery method box.
If you send your vendor a request asking how they'd like to receive payment, you can still complete the payment immediately - no need to wait for their reply. However, scheduled payments will be automatically canceled if the vendor doesn't respond within 7 business days. You can cancel the delivery method request anytime by editing the vendor details and selecting Cancel request.
5- Under Delivery date, select the Today option. This is the option to send same-day ACH.
For more information on the same-day ACH fee, see this guide.
6- Add a memo to the payment notification that the vendor will receive. This will help the vendor understand the purpose of the payment. Next, add the vendor's email address. Select Continue.
What should you put in the memo?
- The invoice number is set as the default. You can also add a description of the payment.
- The memo appears in the email notification your vendor receives, as well as printed on the check.
- When delivered via ACH bank transfer, it appears if your vendor's bank enables memos.
7- Review all payment details carefully to ensure accuracy.
8- Select Confirm and pay to schedule your payment.
9- Your payment is now successfully scheduled! From the success screen, you can do the following:
a. You can download or print your payment summary.
b. To email your vendor a detailed summary of the payment, select Notify vendor.
c. Select Go to dashboard to return to your main account view.
That's it! You've successfully created and scheduled a vendor payment. You can find your new payment in the Payments tab. Your payment details are saved, and funds will be delivered according to your selected timeline and method.
Use your Nacha trace number to confirm and track an ACH payment.