How to Register a Beneficiary for Local Bank Payments in iBusiness Next Gen? Print

Step 1: Access Beneficiary Creation

1.    Log in to iBusiness

2.    Navigate to: Payment & Transfers ➜ Beneficiary

3.    Click Create Beneficiary

Step 2: Select Beneficiary Type

•    Select Single Transfer

•    Choose Within UAE Beneficiary 

Step 3: Enter Beneficiary Details

1.    Fill in all required beneficiary information

2.    Ensure accuracy of: 

Basic Information

•    Beneficiary ID

•    Beneficiary Name 1

•    Beneficiary Name 2 (if applicable)

•    Beneficiary Name 3 (if applicable)

•    Nickname

Address Details

•    Address Line 1

•    Address Line 2

•    City

•    P.O. Box

•    Country

Individual Details 

Company Details  

Step 4: Enter Bank Details

1.    Provide the required banking information:

• IBAN (International Bank Account Number)
• Validate IBAN 
• review Bank Details And click Proceed to continue

Step 5: Review and Submit

1.    Review all entered details carefully

2.    Verify that all information is accurate

3.    Click Submit

Step 6: Authenticate the Request

Complete authentication using one of the following methods:

•    Mobile App Authentication

1. Approve via iBusiness mobile app notification
2. Use biometric or device verification

•    Google Authenticator

1. Enter the One-Time Password (OTP)

Step 7: Approval (If Maker–Checker is Enabled)

1.    The request is routed to a Checker/Approver

2.    The Approver must: Log in to iBusiness

• Navigate to: Transactions Hub ➜ Pending Your Authorizations

3.    Locate the request under: Create International Transfers Beneficiary 

4.    Review and Approve or Reject