It usually takes 4-5 working days to receive a direct debit ACH payment in your bank account.
GoCardless are accelerating this process by charging your customers on the same day that you
create payments, and sending payouts ‘same day’, reducing processing time by 2 days.
How to Enable:
Chat to your GoCardless Customer Success Manager to have this feature enabled on your account. They will advise you once this is done.
Payment Creation Requirements:
The Due Date (in GoCardless this is charge_date) must be the same date that the payment is submitted ( i.e today) and must adhere to the following NACHA conditions:
- It must be a domestic payment (no international ones)
- Equal to or less than $1m
To make sure the intended Faster ACH payments are charged the same day - they must be submitted before the submission deadline of 11am EST. Anything after that time will fall into standard ACH processing times.