Fed hikes check processing prices, nudging banks to steer SMB clients toward ACH
Starting Jan. 1, the Federal Reserve expects check-service prices to climb 5.4% on average, a change that could prompt banks to shift business customers to ACH. Nacha also plans a September 2027 increase of the Same Day ACH cap, taking it from $1 million up to $10 million.
Starting Jan. 1, the Federal Reserve expects check-service prices to climb 5.4% on average, a change that could prompt banks to shift business customers to ACH. Nacha also plans a September 2027 increase of the Same Day ACH cap, taking it from $1 million up to $10 million.