Same Day ACH - Effective September 15, 2017. What you need to know...
Important information about Same Day ACH Posting
Please note that effective September 15, 2017, a new federal rule allowing for faster processing of electronic debits from your bank accounts, goes into effect. What this rule means is that when checks are given to merchants or online payments are scheduled with businesses, such as your utility company, the amount of the debit may be withdrawn from your account the same day the charge is made. Previously, the debit could have taken as long as 1-2 days or more. So please make sure funds are available in your bank account for payments you make online or via telephone to avoid incurring NSF fees. Float times will be greatly reduced, if not eliminated altogether. Use Savings Bank of Danbury’s free mobile app or Online banking to set account alerts, transfer funds, and schedule payments. Stop in or visit www.sbdanbury.com to learn more.