Traditionally, there has been a lag between the transaction and the money clearing your account when writing a check and paying bills online or over the phone. On Friday, September 15, 2017, this delay went away as same-day payments were implemented nationwide.
Same-day ACH (Automated Clearing House) debits can originate from your Old National transactions, shopping at the grocery store, or paying bills online. Retailers can opt to convert checks to same-day ACH electronic debit clearing.
Don’t Assume Funds Will Clear the Day After Purchase. Plan now for funds to clear at the time of payment.
Monitor Your Account Balance. A low balance can wreak havoc in the event a same-day ACH debit overdraws your account. Even if you have overdraft protection, keeping your balance at a level that supports your spending is the best way to keep from being overdrawn and incurring fees. Old National makes account monitoring easy with 24/7 access with online and mobile banking. Use the push notifications in our mobile app to receive alerts on your phone when your balance goes below a limit that you set.
As your bank for life, we are here to help; ask questions at your Old National Banking Center or contact Client Care at 1-800-731-2265.