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My Credit Onion Sent Me This!


(I must assume it applies to other financial institutions, as well!)


Dear Guffaw,

Beginning September 15th, 2017, the Federal Reserve will start processing most ACH debits (also known as electronic payments) on the same day that the transactions are made. This means that some of your payments could come out of your account faster than they have in the past.

To avoid overdraft charges or insufficient fund fees, please ensure that your available account balance is enough to pay any debits or withdrawals at the time you write or authorize them.


1 Plan for immediate transactions: Whenever you pay for something, the best practice is to expect that your transactions will be processed the same day.

2 Know your balances: It makes good financial sense to make sure that your balances can support your spending. Keep on top of them with online banking or with the (Credit Onion) app for Apple or Android!

3 Be aware of different kinds of ACH debits: ACH debits can also be things like writing paper checks to grocery stores or using debit cards from retailers, such as Target or Nordstrom.

For those of you out there of limited means who ‘use the float’, as they said in check kiting days of yore!

(Not that I’ve ever done that!  😉  )

About guffaw1952

I'm a child of the 50's. libertarian, now medically-retired. I've been a certified firearms trainer, a private investigator, and worked for a major credit card company for almost 22 years. I am a proud NRA Life Member. I am a limited-government, free-market capitalist, who believes in the U.S. Constitution and the Rule of Law.


8 thoughts on “My Credit Onion Sent Me This!

  1. It pays to be careful & prepared, as always. But as Asimov once wrote (paraphrased, because I can’t remember the exact quote): “It seems to me that the advance of civilization is nothing more than a continuing loss of privacy.” And so the window of opportunity for using the float is much smaller than before. And that’s the intention, of course.

    Posted by Rev. Paul | September 10, 2017, 11:21 am
  2. This should be interesting, when the big boys start bouncing checks…LOL

    Posted by Old NFO | September 10, 2017, 1:55 pm
  3. I maintain a spreadsheet that tracks my anticipated income and expenses for…well, you laugh at me if I told you how long, so I always know if I can pay the bills.

    Posted by Akatsukami | September 10, 2017, 2:52 pm
  4. Been that way for me for years. I NEVER write checks anymore though so I either have the $$ or I don’t for an electronic transfer.

    Posted by Anonymous | September 10, 2017, 6:25 pm

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