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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


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