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- Start paying a new or a saved bill.
3- Choose to pay via bank account when asked how you want to pay. Select Continue.
4- Select Bank transfer (ACH) when asked how your vendor wants to receive the payment.
5- Fill in the vendor’s ACH routing and bank account numbers. Select Continue.
This step needs to be done only when paying a vendor for the first time.
6- When selecting a date for your payment to be debited, make sure to check the option Same-day delivery. Select Continue.
For more information on the same-day ACH fee, see this guide.
7- 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.
8- Next, review the payment details. You can edit details by selecting Edit on the left of each listed detail.
9- After review, select Confirm and schedule payment.
That’s it! Accounts Payable will send you an email summarizing the details of this payment. If your account is connected to your QuickBooks, the payment will be synced and marked as paid there too.
Use your Nacha trace number to confirm and track an ACH payment.