Initiating a Fund Transfer for Local Bank transfer in iBusiness
- Log in to iBusiness
- Go to Transact >> Remittance >> Local bank Transfer
- Debit Information >> Select the account to be debited From the Account.
- Beneficiary Details >> Select Corporate >> Click on Select beneficiary >> Search for the added beneficiary and select and submit the form. Beneficiary Account and beneficiary name will be populated.
- Payment Type >> Tax and Charges >> CBD Charges to Remit
- Fill in the Payment Details; Accept the Terms and Conditions and click Initiate.
- Enter the PIN+RSA Token and click Submit.
- The approval process will depend on the setup done by the iBusiness System Administrator of the respective organization.
- The transaction processing will be done as per Central Bank’s cut-off time.
- The payment settlement status can be checked from the FTA website.