How do I create a new payee?

Modified on Thu, 24 Sep at 10:24 AM

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A payee is the person or company you want to transfer money to.

Before you can record a transfer, the payee must first be set up with their details.

Open the area for payees or beneficiaries.
Click on the function to add a new payee.
Select whether the payee is a company or a private individual.
Enter the legal name. This is the payee's official name.
Optional: Enter a display name. This can help you recognize the payee more quickly later on.
Enter the email address, if requested.
Add the bank details, for example account holder, IBAN, and SWIFT code.
Check the details carefully, as incorrect bank details can lead to failed payments.
Save the payee.

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