ACH Direct Deposit Changes
As a benefit to our members, we often process direct deposit funds into their accounts one day earlier than the scheduled posting date prior to us receiving the funds from the sender. However, the National Automated Clearing House Association (NACHA) has updated their policy to include additional Same Day Settlement options effective September 23, 2016. As a result of these changes, payrolls, financial institutions, and agencies may elect to send their files within a different time frame than they have traditionally. This could impact the date La Loma receives direct deposit files, which potentially impacts the ability to post funds early. While we may no longer be able to credit direct deposits early, your funds will still post by the pay date listed on your check. We apologize for any inconvenience this may cause. For more information, please call us at 909-796-0206.