Coming Soon: Same-Day Payments
As part of an effort to improve and modernize the U.S. payments system, you may have already noticed a change in the times during the day that we apply electronic Direct Deposits to your account. This change was made to help provide you with faster access to funds for same-day Direct Deposits to your account. Beginning on Friday, Sept. 15, 2017, we also will change the times that we apply certain electronic debit payments to your account.1
Many merchants and billing companies may offer you the option to make a same-day electronic payment, such as to pay a bill or to transfer funds. If you agree, then the funds might be debited from your account as soon as that very same day. For example, if you have a bill due on the 25th of the month, the billing company might allow you to call or use its website on the morning of the 25th to make an on-time payment. Your funds will then be debited from your account on the 25th. While these types of payments won’t be reflected on your account balance as quickly as your debit card and ATM transactions, you will have access to more accurate information about your actual available account balance more frequently throughout the business day
1These electronic debits are commonly known as Direct Payment, Direct Debit, ACH Debit, Electronic Check or e-Check, and similar terms. They are different from your debit card payments and ATM transactions.
Equifax, which is one of three credit bureau reporting agencies, announced today that they have experienced a breach impacting 143 million people in the US. Information that was accessed includes names, Social Security numbers, birth dates, addresses and more.
Equifax has established a dedicated website to help consumers determine if their information has been potentially impacted and to sign up for credit file monitoring and identity theft protection. To check your information, please visit https://www.equifaxsecurity2017.com/enroll/