Method and System for ACH Debit Delayed Availability

摘要

A server includes a memory that stores a plurality of availability schedules, and a processor communicatively coupled to the memory. The processor is operable to access an automated clearing house (ACH) debit transaction received at an originating depository financial institution (ODFI) from an originator, determine an availability schedule associated with the originator from the plurality of availability schedules, credit a percentage of the amount of funds of the ACH debit transaction to a delayed settlement account associated with the originator, and transfer a portion of the amount of funds credited to the delayed settlement account to a general operating account of the originator on a particular day determined from the availability schedule. The delayed settlement account has one or more associated rules that prevent the originator from withdrawing funds from the delayed settlement account.

主权项

1. A server, comprising:
a memory operable to store a plurality of availability schedules, each availability schedule indicating when funds from an automated clearing house (ACH) debit transaction are available for withdrawal by an originator; and a processor associated with an originating depository financial institution (ODFI), the processor communicatively coupled to the memory and operable to:
maintain a first account and a second account for a customer of the ODFI, the customer identified as the originator and payee of the ACH debit transaction;determine an availability schedule associated with the originator from the plurality of availability schedules;prior to an effective date of the ACH debit transaction, credit an amount of funds corresponding to the ACH debit transaction to the first account associated with the customer identified as the originator and payee of the ACH debit transaction, the effective date comprising a date on which the ACH debit transaction is to be processed, the first account comprising a delayed settlement account associated with the originator, the delayed settlement account having one or more associated rules prohibiting the originator from withdrawing funds from the delayed settlement account; andtransfer a portion of the amount of funds credited to the delayed settlement account associated with the customer identified as the originator and the payee to the second account that is also associated with the same customer, the second account comprising a general operating account of the customer, the transfer of the portion of the amount of funds to the second account being performed on a particular day determined from the availability schedule, the customer being permitted to withdraw the portion of the funds credited to the general operating account.