ACH payments enable business users to send funds directly to third parties without requiring pre-verified external accounts. Businesses can leverage this functionality for various purposes, including distributing employee payroll and making vendor payments for services rendered. Narmi Banking supports both one-time and recurring payment scheduling, allowing users to set specific send dates. When initiating payments, users have the flexibility to create new recipients or select from their existing wire transfer contact list, with the option to supplement missing ACH banking details as needed.
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 wire bank information (this option is not available on the mobile app). Select Next.
Once you select the recipient, you can choose Edit to update the recipient’s details.
Under Payment details:
Select From to choose the source account for the payment.
Enter the Amount of the payment.
Add an optional note in the Memo field. This will be posted with the transaction. To enable the 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 Date to open a calendar and choose when you would like the payment sent.
If you would like this to be a recurring payment, select Repeat this payment. Select the Frequency—Daily, Weekly, Every two weeks, 1st and 15th, Monthly, or Yearly. Then configure when the recurring payment should end—Never, on a specific date, or after a specific number of payments. If you select a specific number of payments, the total amount of the payments is shown.
Select Next.Select a Transaction type and enter an optional Entry description that goes into the NACHA file. You can also enter optional Internal details.
If your institution has Elevated Authentication enabled for ACH payments, the next page requires identity verification by entering a two-factor authentication (2FA) 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 Elevated Authentication for ACH payments, go to Narmi Command under Institution Settings > Features Requiring Elevated Authentication > ach_payments. After a user completes the 2FA step, they remain in Elevated Authentication Mode for the length of time in seconds that is specified by Elevated Authentication Mode Duration institution setting. To ensure that a user has sufficient time to receive and enter their authentication code, the default is 60 seconds.
For users who have biometrics set up on their mobile device, Elevated Authentication uses biometric verification instead of 2FA. Please contact your Narmi Relationship Manager to enable sudo mode biometrics for your institution.
For more information, go to Elevated Authentication.
Review payment details and select Make payment.
A payment receipt appears. Select Done to finish or select Make another payment.
Once the payment passes risk evaluation, whether automatically or manually, we send an email to the user confirming the initiation of payment. To learn about the ACH payment communications we send, go to End-User Communications - Business Banking.
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 crucial for accurate processing, compliance with authorization requirements, and effective risk management. To update the SEC Codes that users 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.
