By using same-day ACH transfer, you can ensure your ACH payment gets to vendors faster. Same-day ACH transfer is delivered on the same day it’s sent, instead of the regular 3 business days.
To find out more about the different payment delivery timelines, please see the following guide.
Payment by card is not eligible for same-day ACH transfer. Instead, use ACH bank transfer for same-day delivery of your payment.
How to make a same-day ACH transfer
If the payment is eligible for same-day ACH transfer, you’ll have the option to select it when scheduling your payment deduction date:
1- Sign in to your Melio account.
2- Create a bill, pay a saved one, or make a payment without a bill.
3- Choose to pay via bank account when asked how you want to pay. Select Continue.
4- Select Bank transfer (ACH) when asked how your vendor would like to receive the payment.
5- Fill in the vendor’s routing number and bank account number. Select Continue.
6- When selecting a date for your payment to be debited, make sure to check the option Same-day delivery. Select Continue.
7- Add a memo to the payment notification the vendor will receive. This will help the vendor understand the purpose of the payment. Next, add the vendor's email address. Select Continue.
What should you put in the memo?
- The invoice number is set as the default. You can also add a description of the payment.
- The memo appears in the email notification your vendor receives as well as printed on the check.
- When delivered via ACH bank transfer, it appears if your vendor's bank enables memos.
8- Next, review the payment details. You can edit details by selecting Edit on the left of each listed detail.
9- After review, select Confirm and schedule payment.
That’s it! The Melio team will send you an email summarizing the details of this payment. If your account is connected to your QuickBooks, the payment will be synced and marked as paid there, too.
NOTE: Track the status of your fast ACH payment