How do I pay a saved beneficiary?
- Use ‘Search’ to look for the beneficiary that you want to pay.
- Once you’ve found the beneficiary you want to pay, click or tap the ‘Pay’ icon next to the beneficiary’s name. If you don’t see the ‘Pay’ icon, choose the ‘More’ icon.
- Choose the account that you want to pay from.
- Enter the amount of money you want to pay.
- Choose the date that you want to pay on. You can leave this the way it is. If you want the payment to go through some time in the future, change the date and time.
- If your beneficiary does not bank with Absa and you want the payment to clear immediately, choose ‘Immediate Interbank Payment’ (IIP). The IIP option will only be available if your beneficiary’s bank allows IIPs. This payment type costs more than a normal payment to another bank. See ‘Charges’ for the cost of an IIP.
- Enter a description to help you identify the payment on your own account statement. You can leave 'My reference' the way it is if it doesn't need to change.
- Enter a description to help your beneficiary identify the payment on their account statement. You can leave ‘Beneficiary reference’ the way it is if it doesn't need to change since the last payment.
- If you or your beneficiary need to be notified of the payment once it is processed, choose which method to use. SMS and email are the most popular. Each notice of payment has a cost. See ‘Charges’ for the cost of each payment notification type.
- Click or tap ‘Next’. Check the details and click or tap ‘Confirm’ to finish the payment to your beneficiary. If you get a verification request, you must approve it on your phone first.
See also:
What is a future-dated payment and how do I make one?
What is an Immediate Interbank Payment (IIP)?
What is the difference between ‘My reference’ and ‘Beneficiary reference’?
What is a notice of payment?
What is an Absa listed beneficiary?