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.
In the Cross Reference Number field, enter the cross reference number for this transaction.
In the Transaction Type field, click the Library Look-Up and select a transaction type. These choices are defined in the Transaction Type Library.
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.
In the Beneficiary Account Number field, enter the account number associated with the beneficiary.
In the Beneficiary Name field, click the Library Look-Up button and select the name of the beneficiary. 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 bank name.
The Beneficiary Bank Routing Code field is automatically populated when Beneficiary Name is filled using the library. If the field is not filled or you want to overwrite it, enter a routing code.
In the Beneficiary Bank Name field, click the Library Look-Up button and select a bank name. This field is automatically populated when Beneficiary Name or Beneficiary Bank Routing Code are filled using the library. If the field is not filled or you want to overwrite it, enter a bank name.
In the Originators Short Name field, enter the short name for the account holder.
The Originators Long Name field defaults to the first 30 characters of the Full Legal Name of the debit account. If you want to change the default, manually enter a new name.
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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