Nacha Reports Q2 Number of Same Day ACH Payments Surged 29.5% Year Over Year

Same Day ACH adoption accelerated in the second quarter as users sought its fast, safe payment capabilities, Nacha said in a Thursday (July 30) press release emailed to PYMNTS.

Nacha, which governs the ACH Network, reported that during the second quarter, the number of Same Day ACH payments leapt 29.5% year over year to reach 435.7 million and the value of those payments rose 28.1% to $1.3 trillion.

The growth of Same Day ACH in the second quarter outpaced that of the first quarter, when the payment volume grew 23.6% year over year and the payment value increased 22.1%.

“The phenomenal growth of Same Day ACH demonstrates its value as a safe, fast payment method for consumers, businesses and other organizations,” Nacha President and CEO Jane Larimer said in the release.

Nacha announced in April that it will increase its Same Day ACH per payment limit from the current $1 million to $10 million, effective Sept. 17, 2027.

The organization said at the time that it expects the new, higher cap will improve Same Day ACH use cases for invoice and tax payments, insurance claim payments, payroll funding, merchant settlement and cash concentration.

Larimer said in the Thursday press release that the increased dollar limit will further strengthen Same Day ACH’s “position in the market as a compelling faster payment method.”

Nacha also announced in the release that overall, during the second quarter, the ACH Network’s volume increased 6.2% year over year to 9.3 billion payments, and the value of those payments grew 11.1% to $25.9 trillion.

The ACH Network’s B2B payment volume increased 9.9% year over year to 2.2 billion.

The second quarter also saw internet-initiated payments by consumers top the 3 billion mark for the first time in a quarter.

Among major transaction types, there were year-over-year increases of 21% in P2P, 7.6% in internet, 3.6% in direct deposit and 2.3% in healthcare, according to an infographic released Thursday by Nacha.

The ACH Network can reach all U.S. bank and credit union accounts, and it is used to drive “safe, smart and fast” direct deposits and direct payments, according to the release.