It is important to note that Express ACH is a Novo term and utilizes the Same Day ACH rails offered by Nacha to provide you a faster settlement speed for your payments.
Please see below the logic and meaning behind the different description titles:
| Transaction Details: | Logic: |
| Transaction Description | [Payee Name] |
| Fee Description | Fee for [Reference ID] to [Payee Name] |
| Transaction Tags: | Definition: |
| Withdrawal |
This is the transaction type that will appear for any outbound ACH payment |
| Same Day ACH Service Charge | This is the transaction type that will appear for the fee associated with any outbound ACH payment |
| Express Delivery Fee | This is equal to 1.5% (min $0.50, max $15) of the transaction amount |