How do I set up a Beneficiary?
iBusiness Banking (iBB)
A Beneficiary is a person or a legal entity/company that you designate to receive funds in payment for the exchange of goods and/or services.
Log into iBB.
Go to the Payments tab / Payments Management. Click on Beneficiaries and select either Domestic or International.
Make sure you have the IBAN/ Account Details for the receiver account.
Enter the Beneficiary details and follow the onscreen instructions to Authorise or Save for Authorisation.
A Beneficiary that has been saved for authorisation or requires a second authorisation can be authorised in the Beneficiary Management screen by selecting the Beneficiary and clicking on Authorise
You will be prompted to confirm the request using your Digipass.
When creating a Beneficiary to make a payment within the SEPA zone, the BIC will be added automatically based on the Beneficiary IBAN entered. If a BIC cannot be found for the IBAN entered, you will then be prompted to enter the corresponding BIC.
When creating a Beneficiary to make a payment outside the SEPA zone, the required account details are specific to the country you are paying.
More information on country specific requirements can be found here.
AIB Internet Banking
- Log in to AIB Internet Banking
- Select Pay & Transfers
- Click on Payees and Add new payee
- Follow the instructions on screen to complete your request
You will also need your AIB Card Reader to complete transfers to 3rd party accounts.