ACH Payments Funding Schedule

The following is the ACH Funding Schedule for Merchants that accept ACH payments with INGAGE.

Batch Time will affect the funding schedule.

The ACH settlement and return window is based on ACH SEC Code.

*Batch Time: Customer Payment Date & Batch Date are NOT always the same day. Batch Date determines the ACH "Effective Date" or the ACH network's first day or processing. If the Batch Time is set after the 7:45 PM EST Cut-Off Time, then the batch will be the next day, and the Effective Date will be the day following. Setting a batch date after Cut-Off time for ACH essentially delays the entire process by 1 business day.

Note: Payments received after the batch time, but on the same "sales day" may require more detailed reconciliation with bank deposits. For example, a payment made at 11pm on Monday will be in Tuesday's batch, whereas a payment made at 2pm on Monday will be in Monday's batch. For this reason, some merchants opt to have their batch window set from midnight-midnight so that the date of payment always matches to the business' "sales day", even though this delays payments made after cut-off by one day.

**ACH SEC Code "CCD": This transaction classification is for corporate authorized transactions. This means that the two parties have authorization in place for the movement of money on the ACH network, either credit, debit, or both. This authorization can be revoked in writing. In very rare cases, a business can dispute a transaction after the Return Window, but the burden of proof is on the party with the complaint and the complainant’s bank. Making a dispute does not guarantee a reversal of funds – proof of unauthorized activity is still required. Consumer protection laws allow more time to dispute ACH transactions compared to businesses.

Standard Settlement Schedule
On a standard schedule (without weekends or holidays) the time from Customer Payment (1) to Funds Deposit (4) is 4 calendar days and 4 business days.

Sunday

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

Customer Payment Date

ACH Payment by Customer in Bill Pay Platform, Virtual Terminal or other Gateway connection.

Batch Date*

Batch ~~Time:~~Time by Bank:

7:45PM EST / 6:45PM CST

6:45PM

EST

5:45PM CST

ACH “Effective Entry Date” (EED)

This is the date the transaction becomes effective at the ACH Processor and is confirmed by the “Originator/ODFI” to be sent for clearing by the Federal Reserve Bank.

Settlement Delay - Day 1

The settlement of ACH (CCD)** transaction funds is held for a standard time of 3 days, to eliminate the “Return Window” and confirm funds availability.

Settlement Delay - Day 2

Settlement Date & Funds Deposit

Funds have cleared and are past the ACH CCD Return Window, so the funding is considered final. Customer should see a bank deposit.

Bank / Holiday Settlement Schedule On a standard schedule with one or more weekends or bank holidays, the same standard settlement schedule is followed (as above), except the weekend days and/or bank holidays are skipped, adding additional time to settlement. In the example below, Customer Payment (1) occurs on Friday, Funds Deposit is 7 calendar days and 4 business days, the following Friday.
Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday
					Customer Payment Date	Weekend Not a Business Day
Weekend Not a Business Day	Bank Holiday Not a Business Day	ACH “Effective Entry Date” (EED)	Settlement Delay - Day 1	Settlement Delay - Day 2	Settlement Date & Funds Deposit