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Home > Membership > Electronic (ACH) Withdrawal Transaction Changes – Effective 9/15/2017

Electronic (ACH) Withdrawal Transaction Changes – Effective 9/15/2017


Effective September 15, 2017, electronic (ACH) withdrawal transactions may post to your account on the same day they are initiated.

Here is what you need to know:

The National Automated Clearing House Association will be implementing Phase 2 of the new ACH processing rule changes for all financial institutions (including Shore to Shore CFCU). These changes will affect the time frames for withdrawal transaction posting.

Currently, ACH withdrawals generally clear a member's account within two business days after being initiated; with this rule change on September 15, 2017, these items could clear consumers' accounts on the same day they are initiated with the merchant. It is important to make sure that funds are available in your account before you make in-person, phone, or online payments to avoid incurring overdraft fees.

Below are some examples of ACH transactions that could be affected by this change:

  • Writing a check at a department store or other retailer that is converted electronically
  • Paying your bills online or by phone if selecting to pay directly from your savings or checking account

Shore to Shore offers our members several easy-to-use tools to help manage your account and check your balances, like:

  • Mobile and Online Banking
  • Mobile Deposit
  • Fund Transfers
  • Bill Pay
  • Text Alerts
  • Telephone Banking and more.

If you have any questions, or would like to speak with a Shore to Shore representative, please call us at 866.661.8328 or email us at

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