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Alloya's Cutoff Times

Cutoff times for Returns
Alloya will implement the following cut-off times for processing ACH returns as of the implementation date, September 23, 2016:

 Return Window  Cut-off Time*  Return Settlement
Morning  9:30 am ET  Same day settlement by 1:00 pm ET
Noon  1:45 pm ET  Same day settlement by 5:00 pm ET
Afternoon  7:00 pm ET  Next day settlement by 8:30 am ET

NOTE: You will now have until 1:45 pm ET to submit your ACH return items and receive the settlement on the same business day.

Cutoff times for Origination
Alloya will implement the following cut-off times for processing ACH origination transactions as of the implementation date, September 23, 2016:

Origination
Window
Cut-off Time* Same Day Origination
Settlement
Future Dated
Origination Settlement
Morning 9:30 am ET 1:00 pm ET same day  8:30 am ET next day
Noon 1:45 pm ET 5:00 pm ET same day 8:30 am ET next day
Afternoon 7:00 pm ET 8:30 am ET next day 8:30 am ET next day

NOTE: You will now have until 1:45pm ET to submit your ACH return items and receive the settlement on the same business day. Also note that Alloya’s cut-off times may differ from the FRB ACH Operator schedule. This is due to the fact that Alloya will need some time to process files before sending them to the ACH Operator on your behalf.

Receipt File Distribution Chart

 Distribution Window  File Availability*
 Morning  Morning Files will be available by 6:00 am ET
 Noon  Noon Files will be available by 12:30 pm ET
 Afternoon  Afternoon Files will be available by 4:30 pm ET

 *All distribution files listed above may contain both same-day and future dated transactions. Times are estimates and are based on ACH Operator file distribution times which can vary.

ACH Settlement Chart

ACH Operator Processing Window*  Settlement Schedule
Same day origination and return items submitted
by 10:30 am ET
 1:00 pm ET same day
Same day origination and return items submitted
by 2:45 pm ET
 5:00 pm ET same day
Future dated origination and return items submitted
by 2:15 am ET
 8:30 am ET next business day

*Please note that Alloya’s processing times may differ from the FRB ACH Operator schedule. This is due to the fact that Alloya will need some time to process the files after receiving them from the ACH Operator.

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