Establish an International ACH Transfer

You can generate new International ACH (IAT) transfers using the New ACH Transfer functionality.

To establish a new International ACH (IAT) transfer:

  1. Sign in to Business Online or Abiliti.

  2. Select Payments & Transfers. The Payments & Transfers page appears.

  3. Select ACH. The ACH Activity page appears.

  4. Select + New payment. The New payment box appears. Select International - IAT from the Type drop-down list and click Continue. The ACH Activity transfer page appears.

  5. Complete the following fields.

  1. Type the name of the new transfer (for example, Wash Orchards Payroll) in the Description field.

  2. Select the appropriate tax ID from the Tax identification number drop-down list.

  3. Select the appropriate Transaction type from the drop-down list.

  4. Type the date you intend the new ACH transfer to process in the Effective date field.

  5. Select the Repeat check box if you want the transfer to occur more than once.

  6. Select the frequency with which the new ACH transfer occurs from the Frequency drop-down list.

  7. Type the End date of the recurring transfer.

  8. Type the Company description.

  9. Type a reference that helps identify the foreign exchange rate that the system uses to execute the foreign exchange conversion of a cross-border entry or another reference to the foreign exchange transaction (Optional) in the Reference field.

  10. Select the appropriate Indicator to specify the foreign exchange conversion methodology that the system applies to the transfer.

  11. Select the Reference indicator to specify the type of information included in the Reference field.

  12. Select the Gateway operator to specify the Gateway Operator OFAC screening indicator for OFAC compliance.

  13. Select the Secondary operator to specify the results of a Correspondent Bank or other third party screen for OFAC compliance.

  14. Select the Originating currency to specify the three-character currency code approved by the International Organization for Standardization (ISO) used to identify the currency denomination in which the transfer is originated.

  15. Select the Destination currency to specify the three-character currency code approved by the International Organization for Standardization (ISO) used to identify the currency denomination in which the transfer is to be received.

  16. Select the Destination country to specify the two-character currency code approved by the International Organization for Standardization (ISO) used to identify the country in which the transfer is to be received.

  1. In the Pay from section, complete the following fields.

    1. Type the Account number the funds are being transferred from.

    2. Type the Amount of the transfer.

  1. In the Pay to section, complete the following fields.

    1. Type the Company name associated with the ACH file.

    2. Type the Account type of the funds to be deposited.

    3. Type the Routing transit number of the receiving institution.

    4. Type the Foreign receiver's account number.

    5. Type the Foreign payment amount based on whether the payment is an inbound IAT entry or an outbound IAT entry.

    6. Type the Amount of the transfer.

    7. Type the Foreign trace number.

      Originator section444

    8. Type the Name of the originator.

    9. Type the Street of the originator.

    10. Type the name of the Country of the originator.

    11. Type the name of the City of the originator.

    12. Type the name of the State or providence of the originator.

    13. Type the Postal code of the originator.

      Originator depository financial institution section

    14. Type the Name of the Originating Depository Financial Institution (ODFI).

    15. Type the (ODFI) Identification number.

    16. Type the two-digit (ODFI) Identification qualifier that identifies the numbering scheme used in the Identification number field.

    17. Type the three-digit (ODFI) Branch country code approved by the International Organization for Standardization (ISO) used to identify the country of the branch from which the system originates the IAT entry.

      Receiver section

    18. Type the Identification number of the receiver.

    19. Type the Street of the receiver.

    20. Type the Country of the receiver.

    21. Type the City of the receiver.

    22. Type the State of the receiver.

    23. Type the Postal code of the receiver.

      Receiver depository financial institution section

    24. Type the Name of the Receiving Depository Financial Institution (RDFI).

    25. Type the Identification number.

    26. Type the two-digit Identification qualifier that identifies the numbering scheme used in the RDFI Identification number field.

    27. Type the two-digit RDFI Branch country code approved by the International Organization for Standardization (ISO) used to identify the country of the branch from which the IAT entry is originated.

  1. In the Remittance section type the Description for the remittance.

  1. In the Correspondent bank information section, complete the following fields.

    1. Type the Name of the correspondent institution.

    2. Type the Identification of the transfer or institution identification number of the correspondent institution.

    3. Select the code that identifies the numbering scheme used in the Identification field.

    4. Type the code approved by the International Organization for Standardization (ISO) used to identify the country where the branch of the correspondent institution is located.

  1. Click Complete ACH. The processing results page appears.

  2. Repeat steps 2-6 to generate additional international IAT transfers.

  3. Sign out of Business Online or Abiliti.

See Also:

ACH User Interface Procedures

ACH Activity


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ACH Manager 4.7.1

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