How do I pay a beneficiary (step 2)?

  1. You have the option to make this an instant payment if it is R3 000.00 or less. If it is more than this amount, you will have the option to choose an immediate interbank payment (IIP).
  2. If you are not choosing an instant payment or IIP, choose the date on which you would like to pay. This is optional. If you want to set up a future-dated payment, change the date on which you want the payment to go through.
  3. In the “Beneficiary reference” field, enter a description of up to 20 characters, which will help your beneficiary identify the payment on their account statement.
  4. You can choose if you would like to make your reference the same. If not, enter a description for your statement.
  5. Choose whether you would like to receive a notice of payment and enter the relevant details.
  6. Choose whether you would like to send your beneficiary a notice of payment and enter the relevant details.
  7. Click or tap “Next”.