What is Next Day ACH?

The Automated Clearing House, or ACH, is the way Invoice2go Money Banking and other banks move money from one account to another.

Next Day ACH is an improvement to Invoice2go Money Banking that allows ACH payments made through the Client Portal to be processed quickly, resulting in next day funds availability in your Invoice2go Money account if the transfer is initiated before 3 p.m. EST. Please note that ACH payments are not processed on weekends and bank holidays.

For example, a transfer initiated before 3 p.m. EST on Monday means funds are debited from your customer’s account and made available in your Invoice2go Money Bank account on Tuesday morning.

Who is eligible for Next Day ACH?

Transfer times depend on your history with Invoice2go and your usage of the product.

What are the Next Day ACH transfer limits?

Currently, the following Next Day ACH limits apply: 

Invoice2go Money originated ACH Debits (Payments made on the Client Portal)

• Daily: Up to $1000 to $10,000 USD
• Monthly: Up to $5000 to $50,000 USD

Can ACH payments be returned?

ACH payments can be returned and it’s a normal part of ACH processing. There are a broad range of reasons for returned ACH payments, including insufficient funds or revoked authorization.

ACH returns can occur between 2 to 60 business days after processing. Most returns are received within 2 business days, but other return types such as unauthorized or fraud can be received up to 60 business days from the date of the original payment.

If an ACH return is received, a member of our dedicated banking support team will contact you directly.

Please direct any questions regarding ACH returns to our Invoice2go Money team at money@invoice2go.com. 

What happens if an ACH payment is returned?

If an ACH return is received, a member of the Invoice2go Money support team will contact you to discuss next steps including directing you to contact your customer to have them retry the payment. 

Will a returned ACH payment overdraft my account?

If you use your available funds before an ACH return is received, your account could go into overdraft.

If your account goes into overdraft, please contact us immediately to discuss returning your account to a positive balance. If your account remains in overdraft for more than 30 days, additional penalties could be applied up to and including account closure. 

If you have any additional questions about a returned ACH, please contact us at money@invoice2go.com.