How to Make an International Bank Transfer in Next Gen CIB? Print

For any cross-border or foreign currency payments, please follow these steps. 

 Log in to iBusiness.

Step 1: Click on iPay > Transfers > Initiate Transfer 

• Select On Screen and Transfer Type as International and click on Proceed.

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

• If the beneficiary is not registered, follow this article: 
  1. "How to Register A Beneficiary for International 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 the system will fill all the beneficiary details.
• Click on Proceed

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

• Transfer Currency should be a foreign currency.
• For AED cross border payments, Correspondent Bank/Intermediary Bank details are mandatory.
• Payment details should match with the corresponding Payment Type and should not be less than 10 characters.
• Payment details should also not contain Special Characters
• For Charge Type, refer to below:

• CBD Charges to Remitter (SHA)
• Pay in Full (BNF get full amount) (OUR)
• Deduct charges from Amount (BEN)

• If required, you can also attach a supporting document which will go to the authorizer/s by clicking on the Attach Document option
• You can also make the payment future-dated by clicking the future date option and selecting the transaction date from the calendar
• If a special rate is obtained from Treasury, enter the deal rate and deal amount in their respective fields and write the details under Special Instruction
• Click on Proceed once done filling out the transaction details

Step 5: Review the details and click Submit.

Step 6: Authentication via paired device to proceed.

• You will receive a notification on your mobile device to authenticate the transaction.
• Once authenticated, you will be navigated to the confirmation screen with a reference number generated.

Step 7:  In the case of the maker/checker, the request is required to be approved by Checker/Approver before it reaches the bank for completion.

• Post Initiating the request, it will move to the Approvers queue for action.
• The Approver should log in to iBusiness and click on the Transactions Tab and go to Pending your Authorizations. 
• The Pending items for the action will be available under transaction type International Transfer.
• Approver can review the details and act (Approve/Reject) on the request initiated.

Note: The cut-off time for International Payments is 4:00 PM