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FedACH / Nacha

ACH

US automated clearing house for batch payments

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether FedACH / Nacha is running normally.

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Dated items ClearingPost holds, each with its source and whether the date is confirmed

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Later: 2 dated items after 11 Oct 2027 →

Changed

All recorded changes →

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

  • Data update
    FedACH / Nacha average daily transactions increased to ~148M (Q2 2026) · FedACH / Nacha average daily value increased to ~$411B (Q2 2026)
    recorded 17 Sep 2026 · Large Gains in Same Day ACH Help Drive ACH Network in Second Quarter of 2026
  • Took effectFederal Reserve Operating Circular No. 5 (General Financial Service Provisions) (May 2026)

    Version effective 15 May 2026, superseding the version effective 5 January 2026. Operating Circular 5 sets the general terms applicable across all financial services of the Reserve Banks, including the FedACH Services, the Fedwire Funds Service and the FedNow Service. The May 2026 version is organised in Part A (general terms for all financial services) and Part B (supporting services: Electronic Access, E-Payments Routing Directory, Exception Resolution Service, Payee Name Verification Service and API Service); the January 2026 version set out the Payee Name Verification Service terms in Appendix E. Federal Reserve Financial Services describes the May 2026 update as only a reorganization of the circular into these two parts, with some minor, non-substantive revisions.

    took effect 15 May 2026 · Federal Reservesource ↗
  • Took effectFederal Reserve Operating Circular No. 5 (General Financial Service Provisions) (January 2026)

    Version effective 5 January 2026, when Operating Circular 5 was retitled from Electronic Access to General Financial Service Provisions and, as part of the operating circular modernization, became the place for terms common to all Reserve Bank financial services. It added an appendix (Appendix E) setting out the terms for the Payee Name Verification Service. Superseded by the version effective 15 May 2026.

    took effect 5 Jan 2026 · Federal Reservesource ↗
  • Took effectFederal Reserve Operating Circular No. 4 (Automated Clearing House Items) (January 2026)

    Version effective 5 January 2026, part of the Reserve Banks' operating circular modernization that also covered Operating Circulars 3, 5, 6, 7 and 8: simplified language, standardized terminology and commonly applicable terms consolidated into Operating Circular 5. Supersedes the version effective 28 October 2024.

    took effect 5 Jan 2026 · Federal Reservesource ↗
  • Took effectFederal Reserve Operating Circular No. 4 (Automated Clearing House Items) (October 2024)

    Version effective 28 October 2024. Superseded by the version effective 5 January 2026.

    took effect 28 Oct 2024 · Federal Reservesource ↗

Rules & documents

The rulebooks, operating rules and standards documents ClearingPost holds for FedACH / Nacha, each with its current version, or the latest published one when none is in force yet

Sources ClearingPost reads Federal Reserve · Authoritative (T1) · 8 of 15 fields carry a source and a recorded date · latest sourced entry recorded 17 Sep 2026 · evidence details ↓

Record · FedACH / Nacha

Country
United States (US)
Currency
US Dollar (USD)
Operator
Federal Reserve / Nacha
Type
ACH
Operating Window
06:00–23:00 UTC · Mon–Fri
Year Established
1974
Tier?
Tier 1
ISO 20022?
Legacy
Region
Americas
Settlement Type?
Net
Participants
10,000+ institutions
Avg Daily Transactions
~148M (Q2 2026)
Avg Daily Value
~$411B (Q2 2026)
Notes

Federal Reserve 2025 triennial payments study (released July 1, 2026): 236.6B total US noncash payments in 2024; ACH's share of noncash value reached almost three quarters for the first time; cards accounted for over three quarters of payments by number; credit-card payments grew faster than debit for the first time in nearly a decade.

Federal Reserve / Nacha official website →
Reference Sources
Federal Reserve
Authoritative (T1)Entry recorded Mar 16, 2026
Status →Statistics →Operating Schedule →Rules →
Reference Documents
Federal Reserve Operating Circular No. 4 (Automated Clearing House Items)operating rules
Federal Reserve · January 2026 · Effective Jan 5, 2026
Latest recorded change

Version effective 5 January 2026, part of the Reserve Banks' operating circular modernization that also covered Operating Circulars 3, 5, 6, 7 and 8: simplified language, standardized terminology and commonly applicable terms consolidated into Operating Circular 5. Supersedes the version effective 28 October 2024.

Entry recorded Oct 8, 2026
View document →
Federal Reserve Operating Circular No. 5 (General Financial Service Provisions)operating rules
Federal Reserve · May 2026 · Effective May 15, 2026
Latest recorded change

Version effective 15 May 2026, superseding the version effective 5 January 2026. Operating Circular 5 sets the general terms applicable across all financial services of the Reserve Banks, including the FedACH Services, the Fedwire Funds Service and the FedNow Service. The May 2026 version is organised in Part A (general terms for all financial services) and Part B (supporting services: Electronic Access, E-Payments Routing Directory, Exception Resolution Service, Payee Name Verification Service and API Service); the January 2026 version set out the Payee Name Verification Service terms in Appendix E. Federal Reserve Financial Services describes the May 2026 update as only a reorganization of the circular into these two parts, with some minor, non-substantive revisions.

Entry recorded Oct 8, 2026
View document →
See all ACH systems →See all systems in United States →ISO 20022 migration status →Payment rails by country →
Products on this rail
ACH Direct Depositsalary
Nacha (rules), Federal Reserve / The Clearing House (operators)
ACH Direct Paymentdirect debit
Nacha (rules), Federal Reserve / The Clearing House (operators)
Same-Day ACHinstant transfer
Nacha (rules), Federal Reserve / The Clearing House (operators)
Other systems in the same country or region
FedwireRTGS
United States · USD · Federal Reserve
CHIPSRTGS
United States · USD · The Clearing House
FedNowFPS
United States · USD · Federal Reserve
LynxRTGS
Canada · CAD · Payments Canada
SPEIHybrid
Mexico · MXN · Banco de Mexico
STRRTGS
Brazil · BRL · Banco Central do Brasil

Operations · FedACH / Nacha

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Earlier incident records

Recorded before statement-level evidence existed: one source per record; facts and reports are not separated.

  • IncidentEarlier record, one source per record
    FedACH multi-hour processing delay
    Recorded date: · FedACH / Nacha · Earlier incident record · Source: frbservices.org
    Source tier not recorded · Operator acknowledged

Intelligence for FedACH / Nacha (12)

Coverage whose headline or summary names FedACH / Nacha, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the FedACH / Nacha operator or external.

NewsJul 6, 2026Names “Federal Reserve” + “ACH”
Federal Reserve Study Shows ACH Reached Three-Quarters of US Noncash Payment Value in 2024
ACH transfers claimed a record share of US payment value while credit cards outpaced debit growth for the first time since 2000, according to the Fed's three-yearly review of 2024 transaction data.
External source · Federal Reserve Board
NewsJul 3, 2026Names “Federal Reserve” + “ACH”
Federal Reserve Triennial Study Records 236.6 Billion Noncash Payments in 2024
The Federal Reserve's 2025 triennial payments study, released July 1, finds that ACH payments accounted for nearly three-quarters of noncash payment value for the first time. Credit card payments grew faster than debit for the first time in almost a decade.
External source · Federal Reserve Board
AnalysisMay 8, 2026Summary names “FedACH”
Baker McKenzie Flags Preemption Gap in PACE Act as Bill Seeks to Open Fed Payment Rails to Non-Banks
H.R. 8395, introduced April 21 by Representatives Kim and Liccardo, would let non-bank firms registered with the OCC access Fedwire, FedNow, and FedACH directly, but lacks an express preemption clause and leaves unclear whether 40-state licensing requirements persist after federal registration.
External source · Baker McKenzie
NewsApr 29, 2026Headline names “Nacha”
Nacha Approves Same Day ACH Per-Payment Limit Increase to $10 Million
This is the third Same Day ACH limit increase since the service launched with a $25,000 ceiling in September 2016. The cap rose to $100,000 in 2020. Nacha raised it to $1 million on March 18, 2022.
External source · Nacha
NewsApr 27, 2026Summary names “Nacha”
Same Day ACH Exceeds 400 Million Q1 Payments, Topping $1 Trillion for Second Consecutive Quarter
Nacha reports 403 million Same Day ACH payments in Q1 2026, up over 23% year-over-year. Total ACH Network value reached $24.1 trillion across 8.9 billion payments. B2B volumes grew 9.4% to nearly 2.1 billion transactions.
External source · Nacha
RegulationApr 23, 2026Headline names “Nacha”
Nacha ACH Fraud Monitoring Rules Take Effect, Extending Detection Requirements to Receiving Banks
Phase 2, effective June 2026, removes volume thresholds and extends fraud monitoring requirements to all ACH Network participants.
External source · Nacha
NewsApr 22, 2026Headline names “FedACH”
Bipartisan PACE Act Would Open Fedwire, FedNow, and FedACH to Nonbank Payment Providers
Covered providers must maintain reserves equal to 100% of customer funds. Consumer funds must be segregated from company assets and cannot be reused or placed at risk.
External source · Office of Rep. Sam Liccardo
RegulationMar 21, 2026Headline names “Nacha”
Nacha's Two-Phase ACH Fraud Monitoring Mandate Begins, Reshaping Risk Obligations for Originators and Receivers Alike
Financial institutions that originate or receive large volumes of ACH transactions are now required to maintain risk-based fraud detection processes under Nacha Operating Rules amendments that became effective March 20, 2026, with standardized transaction labeling for payroll and purchase entries. Phase 2 arrives June 19, removing all volume thresholds and extending the mandate to every non-consumer originator in the network.
External source · Nacha - Fraud Monitoring Phase 1
RegulationMar 20, 2026Headline names “Nacha”
Nacha Fraud Monitoring Phase 1 Takes Effect, Requiring Risk-Based Screening of ACH Payments
The rule also introduces new Company Entry Description field requirements. Originators must now use the value PAYROLL for all PPD credit entries that pay wages, salaries, or similar compensation, and PURCHASE for e-commerce purchase debits. These standardized descriptors are designed to improve downstream fraud detection by giving receiving institutions clearer
External source · Nacha - Fraud Monitoring Phase 1
RegulationMar 20, 2026Headline names “Nacha”
Nacha Phase 1 ACH Fraud Monitoring Rules Take Effect for Large Originators
The first phase of Nacha's mandatory credit-push fraud monitoring framework goes live today, compelling large ACH originators and receiving institutions to deploy automated transaction screening systems. Phase 2 broadens the requirement to all originators in June 2026.
External source · Nacha - Risk Management Topics (Fraud Monitoring Phase 1)
Showing 10 of 12 · View all intelligence →

Wider coverage that mentions FedACH / Nacha (6)

These articles mention FedACH / Nacha in their text but not in their headline or summary, so they are listed as context rather than as FedACH / Nacha intelligence.

RegulationJul 2, 2026Text mentions “FedACH”
House Financial Services Committee Debates Fintech Access to Federal Reserve Payment Systems
Stripe Vice Chair Eileen O'Mara testified that current frameworks force payment companies into inappropriate regulatory categories. O'Mara argued that direct Fed access would benefit small businesses through faster settlement.
External source · House Financial Services Committee
NewsJun 26, 2026Text mentions “FedACH”
House Financial Services Committee Debates PACE Act to Open Fed Payment Rails to Nonbanks
Representative Young Kim highlighted the legislation as a payments modernization priority at the hearing.
External source · Office of Rep. Young Kim
RegulationMay 1, 2026Text mentions “FedACH”
PACE Act Proposes Direct Federal Reserve Payment Access for Licensed Nonbank Firms
Nonbank payment firms currently route Federal Reserve payment transactions through bank intermediaries. The bill's sponsors cite intermediary markups of up to 100 times the Fed's per-item processing fees.
External source · PYMNTS
AnalysisMar 27, 2026Text mentions “Nacha”
ACH Network Processed 35.2 Billion Payments Worth $93 Trillion in 2025 as Same Day ACH Surged 17 Percent
The ACH Network transferred 8.74 billion direct deposits in 2025, covering payroll, Social Security benefits, tax refunds, and retirement distributions.
External source · Nacha
GuideMar 11, 2026Text mentions “FedACH”
RTGS, ACH, and Fast Payment Systems: A Practitioner's Guide to Payment Rails
RTGS systems settle payments individually (gross) and immediately (real-time) in central bank money.
External source · BIS CPMI
GuideMar 11, 2026Text mentions “FedACH”
DNS, RTGS, and Hybrid Settlement: How Payment Systems Actually Clear and Settle
Understanding these models is essential for anyone working in payments - whether you are integrating with a new market's infrastructure, evaluating settlement risk, or simply trying to understand why a payment "cleared" but hasn't "settled.".
External source · BIS CPMI
Not listed here: 5 tagged articles that do not mention FedACH / Nacha. All coverage is in Insights.