Pan-European ACH payments are made electronically and routed through local clearing systems to the beneficiary bank for non-urgent, cross-border funds transfers below EUR 50,000.
To enter the full details of a Pan-European-ACH payment:
To access Payments, click Payments on the CitiDirect navigation bar and select any link to the process tabs, such as Modify. The Payments Summary Form appears. Click New and select New Outgoing Payment. The Payments Detail Form appears. Note: Required fields are identified by a red asterisk ( * ).
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To access Payments, click Payments on the CitiDirect navigation bar and select Input New Outgoing. The Payments Detail Form appears. Note: Required fields are identified by a red asterisk ( * ).
The Preformat Code field should be left blank when creating a payment from Full Detail. Note: If you are going to Submit and Create Preformat, information is required in this field.
The Debit Account Number/Currency/Name field defaults to Client Preference settings. If you have more than one Citibank account and you want to debit a different account, click the Library Look-Up button and select another account number. All related fields are automatically populated.
In the Payment Currency/Amount fields, the currency code defaults to Client Configuration settings. If you want to change it, click the Library Look-Up button and select a different currency code. Enter the amount of the payment in that currency.
If the Use This Currency For Next Payment checkbox is selected, the currency used in this payment will be saved as the default for the next payment entered.
In the Payment Method field, click the Library Look-Up button and select Pan-European ACH. Fields specific to Pan-European ACH payments appear in the lower portion of the Payments Detail Form.
In the Payment Type field, click the Library Look-Up button and select a payment type. Fields specific to the selected payment type appear in the lower portion of the Payments Detail Form. Note: Based on the specified currency and the Debit Account Number, CitiDirect automatically determines exactly which payment types are available.
In the Subsidiary Identifier/Name fields, click the Library Look-Up button and select a subsidiary from the Subsidiary Identifier Library. Note: These fields are only available if the Subsidiary Identifier in Client Preference is set to Yes.
In the Transaction Reference Number field, enter the transaction reference number. Note: A complete or partial Transaction Reference Number may be system-generated if specified in Client Preferences.
If the Intra-Company check box is selected, the payment is subject to intra-company process flows. Note: If you are entering full payment details and you accessed the Payments Detail Form from the Input/Modify Tab, this field is not available. You can only select the Intra-Company indicator if you are creating a preformat and you have accessed the Payments Detail Form from the Preformat Library.
The Ordering Party Name/Address field defaults to Client Preference settings. If you want to change the default, click the Library Look-Up button and select an ordering party. To view all information in this field, click the multiple line button.
The Ordering Party ID Type/ID field defaults to Client Preference settings. This field may be automatically populated when Ordering Party Name/Address is filled using the library. If the field is not filled or you want to overwrite it, enter an Ordering Party ID Type/ID.
The Value Date field defaults to the processing date, plus one business day. If you want to change the default, use the date spinner or calendar to enter a date that is later than the system-generated date. Click here for information on Value Dates.
In the Beneficiary Account or Other ID Type/ID field, click the drop-down arrow, select the type of ID used to identify the Beneficiary, and enter the associated Beneficiary ID. Click here for more information on beneficiary account number validation.
In the Beneficiary Name/Address field, enter the name and address of the beneficiary. The address is optional if a valid Beneficiary Account Code is provided. To view all information in this field, click the multiple line button.
The Beneficiary Is field defaults to the value Not a Bank. If you want to change the default, click the drop-down arrow and select A Bank.
In the Beneficiary Name/Address field, click the Library Look-Up button and choose the name and address of the beneficiary. To view all information in this field, click the multiple line button. The Beneficiary Address is required if no other delivery or routing information is supplied.
In the Beneficiary Country Code/Name field, click the Library Look-Up button and select a country code. This field is automatically populated when Beneficiary Name/Address is filled using the library. If the field is not filled or you want to overwrite it, enter a country code/name.
In the Beneficiary Bank Routing Method/Code field, click the Library Look-Up button and select a routing method. Then, click the Library Look-Up button and select a routing code.
In the Beneficiary Bank Name/Address field, click the Library Look-Up button and select a bank. To view all information in this field, click the multiple line button. This field is automatically populated when Beneficiary Bank Name/Address is filled using the library.
In the Beneficiary Bank Country Code/Name field, click the Library Look-Up button and select a Country Code or enter it manually. This field is automatically populated when Beneficiary Bank Name/Address is filled using the library. If the field is not filled or you want to overwrite it, enter a country code/name.
In the Bank Details field, select either /ACC/STEP2 or /BNF/STEP2.
In the Charges Indicator field click the drop-down arrow and select either Our or Beneficiary.
Click Submit to save and submit the payment for validation. The payment moves to the next step in the payment process as defined by Flow Control requirements.
—OR—
Click Submit and Create Preformat to submit the payment for validation and save the payment information as a preformat. Both the payment and the preformat move to the next step in their respective processes, as defined by Flow Control requirements. Note: If the Pre-Note check box was selected, you must create a full preformat.
Notes:
The Payments Detail Form contains more payment-specific information than is available on the Payment Summary Form, along with any corresponding actions that you may need to perform.
This form is blank when you are entering the full details of a new payment.
If you are entering a payment using preformats, this form contains the details of the first selected Preformat.
If a multiple line button appears next to a field, click it to see all available information.
To review the details of the next payment selected on the summary form, click Next. When this form contains the details of the last selected payment, click Next to return to the summary form.
To submit the current payment for processing, click Submit.
To verify the current payment, click Verify.
To authorize the current payment, click Authorize.
To release the current payment, click Release.
To indicate that the current payment contains errors and must be repaired before it can be processed successfully, click Send to Repair and enter a reason for the repair in the Enter a Reason dialog box.
To delete the current payment, click Delete and enter a reason for deleting the payment in the Enter a Reason dialog box.
To return to the Payment Summary Form at any time, click Return to Summary.
For information on the Other Options available, click here.
The command buttons available on the Payments Detail form vary based on the status of the current payment. When you click a command button, the current payment proceeds to the next step in the process, as defined by Flow Control requirements.