Adding a new beneficiary (supplier or other recipient) on the Ebury platform is a straightforward process. Here’s a step-by-step guide to help you through the process.
1. Go to the beneficiaries sectiona) When you are on the platform’s homepage, click the ‘Beneficiaries’ button on the left side of the screen.
b) Then click ‘Add Beneficiary’ and select ‘Manually’ from the menu.
2. Go to the beneficiaries section
- Please select the country where the recipient’s bank is located and the currency of their account.
3. Enter recipient details
- Fill in the recipient’s name.
- Optionally add an alias for internal identification, an email address (to send payment execution confirmations), and a permanent payment reference.
4. Bank details
- Enter the IBAN or account number without spaces or hyphens.
- Provide the SWIFT/BIC code, which identifies the recipient’s bank.
- Enter any details about the intermediary bank (preferably only the SWIFT code) if applicable.
5. Address details
- As a general rule, the recipient’s country should be the same as the bank’s country. If not, select the correct country from the menu.
- If you have the recipient’s address information, please fill it out, as it may be required depending on the specific country.
6. Verification and security
- If the recipient’s country and the bank’s location do not match, you will receive a message prompting you to double-check with the recipient.
- Finally, read and accept the security confirmation, then save the beneficiary.
7. Email confirmation
- An email will be sent once the beneficiary has been added to confirm the addition to your account.