Zeal Credit Union

Important Message: New ACH Rules Affecting You

New ACH Rules Coming September 15
There may no longer be a delay before funds are withdrawn from your account.

Beginning September 15, Zeal Credit Union (and every other financial institution in the US) will be required to follow new regulations that allow ACH (Automated Clearing House) electronic debits to post multiple times per day.

What does that mean?  Previously, members have been able to enjoy a “float” day, meaning they could originate a transaction on a Monday and know that the transaction will not clear from their account until Tuesday. With this regulatory change, this “float” day may be eliminated.

If funds are not available in the account when the transaction posts, an NSF (Non-Sufficient Funds) fee will be charged, and the item may be returned to the merchant which may incur additional fees.

What do you need to do? Just make sure that you do not authorize any payment to come out of your account, until the funds are available in your account. Do not count on a direct deposit to post, or a check hold to be released, before the authorized payment is posted.

Thank you for being a member of Zeal Credit Union!

Hard Working Americans Bank On Us!

Online Banking  

Chat with Us