How to Make a Local Bank Transfer in Next Gen CIB? Print

Please note that this option applies to local bank payments in AED currency only. To make a domestic payment, follow these steps:

Log in to iBusiness
 

Step 1: Click on iPay > Transfers > Initiate Transfer

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

• If the beneficiary is not registered, follow this article: 
  1. "How to Register A Beneficiary for Local Bank Payments in iBusiness Next Gen?"
• 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.
• Click on the beneficiary required and system will fill all the beneficiary details.
• Click on Validate IBAN
• Click on Proceed

• If you need to save the beneficiary for future payments, tick the box under the Save Beneficiary option and select the beneficiary type as Public or Private

• Public Beneficiary will be available for all users while Private Beneficiary will only be available for the user who registered the beneficiary.

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

• Transfer Currency will always be in AED
• Payment details should match the corresponding Payment Type and should not be less than 10 characters.
• Payment details should also not contain any Special Characters
• For Charge Type, refer to below:
  1. CBD Charges to Remitter (SHA)
  2. Pay in Full (BNF get full amount) (OUR)
  3. Deduct charges from Amount (BEN)
• If required, you can also attach a supporting document which will go to the authorizer/s by clicking on Attach Document option.
• You can also make the payment future-dated by selecting a future date from payment date. 
• 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 Within UAE Transfer.
• Approver can review the details and act (Approve/Reject) on the request initiated.

Note: The cut-off time for domestic payment is 3:00 PM