With ACH payments, your business users can quickly initiate an ACH payment to a third-party that is not a verified external account. For example, a business owner can use ACH payments to send payroll to their employees or pay a vendor for services. When making a payment, business users can add a new recipient or choose from existing wire recipients and opt to add their ACH bank information if missing.
For more information, go to About ACH Payments.
To make an ACH payment:
From the Transfer page on web or mobile, select ACH payment.
On the page that appears, select a Recipient and select Next. To add a new recipient, select Add a New Recipient. Go to Add an ACH Payment Recipient for more information.
If the recipient you select is already saved as a wire recipient, you will be prompted to enter the ACH bank account details. On the web app, you can select Use wire details to auto-populate the fields with the wire bank information (this option is not available on the mobile app). Select Next.
Under Payment details, select the source account for the payment, enter the amount, and select a Transaction type.
To enable the optional Memo field, please contact your Narmi Relationship Manager.
Select View your ACH limits and disclosures to view the ACH payment disclosure text and organizational payment limit for the business. To update the disclosure in Narmi Command, go to Configurations > Institution settings > Institution Ach Payment Disclosure.
Select Next.
If your institution has two-factor authentication enabled for ACH payments, the next page requires identity verification by entering a verification code. Select a method of verification, then select Continue. Follow the prompt on the next page to enter the code that appears on the trusted device.
If your institution wants to enable or disable two-factor authentication for ACH payments, go to Narmi Command under Institution Settings > Features Requiring Elevated Authentication > ach_payments. You can also configure how long the user has to complete two-factor authentication before they are prompted again. The default is 60 seconds, and you can configure this under Institution Settings > Elevated Authentication Mode Duration. For more information, go to Elevated Authentication.
Review payment details and select Make payment.
Once the payment automatically or manually passes risk evaluation, we send an email to the user confirming payment initiation.For more information on manually approving payments that your institution's risk settings have flagged, go to Use DB ACH Manager for Review.
Transaction Type SEC Codes
Transaction Type SEC Codes (Standard Entry Class codes) are three-letter codes used in the U.S. ACH network. They describe the type of ACH transaction, specifying how the payment information was collected and the purpose of the transaction. These codes are essential for proper processing, authorization requirements, and risk management. To update the SEC Codes users can select in the payment flow, please contact your Narmi Relationship Manager.
The following codes are available to select in the Transaction type field when making an ACH payment in Narmi Banking:
CCD Payment (Cash Concentration or Disbursement) – A CCD entry can be either a buyer-initiated or seller-initiated transaction used to move funds between the buyer’s and seller’s financial institution accounts. Companies also use it to move funds from outlying depository locations to a central bank account. A CCD entry supports including one addenda and is typically used when paying for one item.
PPD Payment (Prearranged Payment and Deposits) – A PPD entry is a credit or debit entry originated by an organization to a consumer’s account based on standing or single-entry authorization from that consumer. A PPD entry supports including one addenda.
