An ACH Credit is a payment to a beneficiary using a local ACH member bank.
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 ACH Credit/GIRO. Fields specific to ACH Credit/GIRO payments appear in the lower portion of the Payments Detail Form.
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.
The Confidential field is available if selected in My Preferences. If you want to indicate that this is a confidential payment, select this check box. Note: Access to confidential payments is determined by your Access Profile.
Select the Pre-Note field to specify that this payment is a pre-note (zero dollar payment). Note: Once a transaction has been pre-noted, six business days must elapse before sending a value transaction (greater than zero dollars).
The Pre-Note First Available Date field is automatically populated with a date six (6) business days past the release date. You may not edit this field. Note: If you are creating a payment from a preformat and the amount is greater than zero, the system will warn you if this date is less than six (6) business days from the current date.
In the Transaction Type field, click the drop-down arrow and select a transaction type. The following ACH transaction types are available:
PPD (Prearranged Payment and Deposit Entry): Corporate to consumer transactions.
CCD (Cash Concentration or Disbursement): Corporate to corporate transactions.
The Processing Date field defaults to the current business day. If you want to change the date, use the date spinner, calendar, or manually enter a new date. Note: Processing Date will default to the next business day when the system date is not a business day or Cut-Off Time has already passed.
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 Number field, enter the account number associated with the beneficiary. Click here for more information on beneficiary account number validation.
The Beneficiary Account Type field defaults to Checking. To change the value, click the drop-down arrow and select Savings.
In the Beneficiary Name field, click the Library Look-Up button and select the name of the beneficiary.
The Beneficiary Bank Routing Code field is automatically populated when Beneficiary Name or Beneficiary Bank Routing Code are filled using the bank library. If the field is not filled or you want to overwrite it, enter a routing code.
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.
In the Beneficiary Bank Name field, click the Library Look-Up button and select a bank name or manually enter a bank name. This field is automatically populated when Beneficiary Bank Routing Code is filled using the library. If the field is not filled or you want to overwrite it, enter a name.
For US accounts enter a description of the transaction in the Entry Description field, for example, Tax Payment, Payment, or Purchase. Note: If you do not enter any information, this field will default to Read Payment.
For Puerto Rican accounts click the Library Look-Up button next to the Entry Description field and select a description. Note: This field is required.
In the Individual Company ID field, enter the ID associated with the individual company.
The Company Name and Company ID fields are automatically populated based on your selection in the Entry Description field. Note: These fields only apply to Puerto Rican accounts.
In the Sub Form Details drop-down box, select Child Support Payment or Tax Payment- Generic. Then click on the Show Sub-Form hyperlink to view and edit the selected form. Note: Once the sub-form is complete, click OK to return to the payment form. This is only available if the transaction type is CCD.
In the Addenda Information, enter any additional information that should accompany the payment.
In the Memo Details field, enter information you would like to append to the payment for view by other users. Note: Memo details are not carried in the payment instruction message that is sent to the back-end system for processing.
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.
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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.
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