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Same day ACH debits become effective on 9/15/17. Any payments made by paper check, phone, or authorized via a biller’s website could clear on the same day you write the check or authorize the payment.

Please note that effective September 15, 2017, a new federal rule allowing for faster processing of debits from your financial accounts, goes into effect. This rule was put into place by the Electronic Payments Association, known as NACHA, and impacts all financial institutions, merchants, and consumers. 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or online payments are scheduled with businesses, such as your utility company, the amount of the debit may be withdrawn from your account the day the charge is made. Previously, the debit could have taken as long as 1-2 days. Checks should never be written or payments scheduled when sufficient funds are not in your account to cover the entire amount of the purchase or payment. With the implementation of this new rule, this becomes more important than in previous years. FNB Community Bank provides customers with easy-to-use tools to manage your accounts and to effortlessly monitor how much money is in your account. Use FNB Community Bank’s free mobile app or the Bank’s Online home banking software to set account alerts, transfer funds, and schedule payments.