Your Union

IMPORTANT ~ Same Day Electronic Withdrawals ~ NO FLOAT

Changes in the national rules for Automated Clearing House (ACH) debits will take effect on September 15, 2017. Virtually all types of electronic payments for debit transactions are now eligible to be processed on the same day that they are originated. This will speed up the payment system, which has great benefit when you are receiving a payment, but also means that when you are making a payment, the funds may clear your account sooner if not immediately. 

Examples of same-day debits may include the following:

  • Electronic Check (e-check)
  • Direct Payment
  • Direct Debit
  • ACH Debit

What does this mean to you?
There will be changes to the times that certain electronic debit payments post to your account. Make sure funds are available in your account before you make a payment to avoid incurring overdraft (NSF) fees. Float times ~ the time between when you authorize a payment and when the money clears your account ~ will be greatly reduced, if not eliminated. If you give the routing number and your account number to make a payment, this change may apply to you.

If you are not already enrolled in our overdraft protection plan, consider contacting us to see if it makes sense for you. If you have any questions, please call us at 206.622.8415 or email

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on matters that impact your financial life.