The Beneficiary Details - Create screen allows you to add a new beneficiary profile to your list of beneficiaries.

To create a beneficiary:

1. Enter the Beneficiary Details:
      Code- Sort code to identify beneficiary;
      Account No./ IBAN- Of the beneficiary;
      Name- Of the beneficiary;
      Address- Physical Address of the beneficiary;
      Bankers Name- Beneficiary bankers name;
      Bankers Branch- Beneficiary bankers branch;
      Bankers Address- Beneficiary bankers address;
      Residential Status- the drop down arrow when clicked will display selection;
      Country- Where the beneficiary resides;
      Geographical Area- the drop down arrow when clicked will display selection;
      Fax No.- Of the beneficiary;
      Item Currency- This is the currency that the beneficiary must be paid in;
      Item limit- This is the maximum amount the beneficiary can be paid per transaction;
      Destination Address- This is the SWIFT address where the funds will be placed.


2. Select the Bankers:
      Bankers Account, or
      Sort Code


3. Select who will incur the charges:
      Own- All transaction charges to be borne by the ordering customer OR
      Share- Transaction charges on the Sender's side are to be borne by the ordering
   customer, transaction charges on the Receiver's side are to be borne by the beneficiary customer.


4. Click on the button to complete creation of Beneficiary Details and return to the Beneficiary Details - Selection screen, OR you can Verify and Audit the Beneficiary within this screen.


5. To add another beneficiary while you are in the Create Screen click on and the screen will refresh and allow you to capture another Beneficiary.


6. Account No./ IBAN Structure and Formatting:
   There are several publicly available online tools that you can use to check the IBAN. This said, please ensure that you obtain full banking details, including the IBAN, from the beneficiary.
   


7. FOREIGN BANK ROUTING REQUIREMENTS
   CANADA
         CAD payments to Canada require Clearing Code (CC number)
         The Clearing code is 11 characters.
         It is compiled starting with the letters CC, followed by the financial institution or branch number and ends with the transit number.
   AUSTRALIA
         AUD payments to Australia require a BSB number (Branch code for banks in Australia)
      The BSB number is 8 characters.
         It is compiled starting with the letters AU and then inserting the BSB number.
   NEW ZEALAND
         NZD payments to New Zealand require a NZ clearing code (Branch code for banks in New Zealand)
         The NZ clearing code is 8 characters.
         It is compiled starting with the letters NZ and then inserting the NZ clearing code.
   MOZAMBIQUE
         For payments to Mozambique a NIB number or IBAN number may be used.
         This replaces the account number and is inserted in the account number field, do not insert in the bankers account number field.
         While both can be used it is preferable where possible that the IBAN number is used.
         The IBAN for Mozambique begins with the letters MZ

The above is applicable for all currencies that can be paid

The following actions can be performed:

    The New button refreshes the screen, and allows you to capture another Beneficiary.

    The Audit button allows you to print the Beneficiary details.

    The Verify button Allows you to "Lock" a Beneficiaries

    The Release button Allows you to "Release" or "Part Release" a Beneficiary details.

Click here to view the Process flow.