For the past 15 years, NACHA's rules have provided that the effective date of a debit entry must be one banking day in the future and the effective date of a credit entry must be one or two banking days in the future. Although NACHA recognizes that the one- and two-banking day standard is still appropriate in recurring payments for which the effective date is known in advance, it reasons that the ACH Network carries other types of transactions for which expedited processing and settlement (EPS) terms are also appropriate.
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