Submit a ticket My Tickets

How to Register a Beneficiary for International Bank Payments? Print

Log in from the User Token

Step 1Click on the Transact Tab in the top Menu

  • Click on Beneficiary Maintenance>> Add Beneficiary option on the left side menu
  • Select CBD International Transfer Beneficiary as the transaction type then click on Add Beneficiary

Step 2: Select the Beneficiary Type and input the required details marked with an asterisk

  • Select Individual if you're paying an individual account and select company if paying a corporate/business account
  • After entering the account/IBAN details, click on BIC search to populate the beneficiary bank information

Step 3: Enter the beneficiary SWIFT code in the BIC code field and click Search

  • You can also enter the Bank Name, City, Country and Branch to narrow your search
  • Select the Beneficiary Bank to populate the bank details
  • The page will automatically go back to the original beneficiary registration screen
  • After entering data in all the required fields, click on Submit

Step 4: Enter the PIN + RSA Token and click Submit

  • The approval process will depend on the setup done by the iBusiness System Administrator
  • You can monitor the request under the Queue tab
  • Once the beneficiary registration is approved, you can proceed with the payment

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.