Creating a new beneficiary
There are four main steps to creating a beneficiary:
- Enter basic details such as the beneficiary's name, destination country, and currency.
- Enter the beneficiary's contact information including their physical address and email address.
- Enter the beneficiary's banking information including the bank's name and the beneficiary's account number.
- Complete any additional information fields that may be required to satisfy regulatory requirements.
Note: The menu is located under in the toolbar.
See the videoNote: To make sure that you have all the data required for the beneficiary's country and currency you can use the tool. For more information, see Viewing Beneficiary Requirements.
After you have entered and saved the required information in one step, you can proceed to the next step in the process. Required fields are marked with an asterisk (*).
If your account configuration requires you to authenticate via when creating or editing a beneficiary, when you click , you will be prompted to select one of the authentication methods you set up. For more information on Multi-Factor Authentication, see Multi-Factor Authentication
After you have entered and saved all the required information, you can make payments to the beneficiary.
To begin the beneficiary setup, in the toolbar, under , click . Then, on the page, click .