How to Make a Local Bank Transfer? Print

Please note that this option applies to local bank payments in AED currency only. To make a domestic payment, follow these steps:

Log in from the User Token

Step 1: Click on the Transact Tab in the Top Menu

• Click on Remittance>> Local Bank Transfer option on the left side menu

Step 2: Select the debit account, beneficiary type and click on the Search Beneficiary option

• If the beneficiary is not registered, follow this article: 
  • "How to Register A Beneficiary for Local Bank Payments?"
• You can also make a one-time payment by directly entering the beneficiary details without clicking Search/Add Beneficiary

Step 3: Enter the Beneficiary Name or Nick Name and click on Search

• The system will display the list of registered beneficiaries
• Select the beneficiary required and click Submit

Step 4: The system will go back to the main payment screen. You can proceed with entering the remaining required payment details.

• Transfer Currency will always be in AED
• Payment details should match the corresponding Payment Type and should not be less than 10 characters
• Payment details should also not contain any Special Characters
• For Charge Type, refer to below:
  • SHA - CBD Charges to Remitter
  • OUR - Pay in Full (BNF)
  • BEN - Deduct Charges from Amount
• If required, you can also attach a supporting document which will go to the authorizer/s by clicking on Attach Document option
• If you need to save the beneficiary for future payments, tick the box under the Save Beneficiary option and select the beneficiary type as Public or Private
  • Public Beneficiary will be available for all users while Private Beneficiary will only be available for the user who registered the beneficiary
• You can also make the payment future-dated by clicking the future date option and selecting the transaction date from the calendar
• Click on Initiate once done filling out the transaction details

Step 5: Review the details and click Confirm

Step 6: Enter the PIN + RSA Token and click Submit

• The approval process will depend on the setup done by the iBusiness System Administrator
• The system will generate a reference number that you can use to track the status of the payment
• You can monitor the request under the Queue tab

Note: The cut-off time for domestic payment is 3:00 PM