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Create Beneficiary

Geography: This article is applicable for ANZ Transactive - Global customers banking in all ANZ geographies who use the Payments menu.
Full details are available in Features by Geography.
To reduce the risk of fraud, ANZ recommends using the Beneficiaries menu to store your beneficiary information and periodically validating the list using the Beneficiary Audit Report.
Over the coming months, the Payee List menu and associated screens and fields will be renamed to Beneficiaries. Users who have been upgraded will see the renamed Beneficiaries menu, screen and field names. The functionality to create, manage and use Beneficiaries remains the same.
For more information about the screen and field name changes, please refer to November Announcements 2024.
New Beneficiary input screen
New Beneficiary screen.png

About Beneficiaries

The Beneficiaries menu in ANZ Transactive - Global allows you to create and manage your frequently used outward payment beneficiaries (also known as payees or address book parties). The beneficiary details include the beneficiary's name and address, beneficiary bank details and depending on the payment type, may also include the beneficiary account number, phone number, email address, biller code, etc. The beneficiary can then be added to your payment instruction.

Beneficiaries memu.png

Create Beneficiary

To create a beneficiary from the Beneficiaries menu, follow the steps below:

STEP ACTION
1 Click Payments > Beneficiaries.
2 Click New on the Control Bar.
3 If required, select the Division the beneficiary will be saved to.
If you are entitled to more than one division, you can set a default division for future beneficiaries.
4 Select Beneficiary Bank Country or Region.
The following fields will be based on the Beneficiary Bank Country or Region selected.
5 Select Payment Address Type. Choose from:
BPAY
Payment address type available in Australia.
STEP ACTION
1 Enter Biller Code.
Biller Name will prepopulate once the Biller Code is entered.
2 Enter Reference up to 16 characters.
BSB - Account Number
Payment address type available in Australia.
STEP ACTION
1 Enter 6-digit BSB.
Beneficiary Address Details are required for RTGS payments.
2 Enter Account Number.
Bank Account Number
Payment address type available in New Zealand.
STEP ACTION
1 Enter Account Number.
Format: 2-digit bank code, 4-digit branch code, 7-digit account, 2-3-digit suffix.
Domestic - Account Number 
Payment address type available in China, Hong Kong & Singapore.
STEP ACTION
1 Select Domestic Clearing Type for Beneficiary Bank's in Hong Kong. Choose from:
  • Bank Code of Hong Kong (HK) - HK
  • CNAPS Code (CN) - CN
  • SWIFT BIC
2 Enter Clearing Code.
Bank Name, Branch Name and Bank Address will prepopulate once the Clearing Code is entered.
3 Enter Account Number/IBAN.
  • Hong Kong
    • CHATS - Enter the 3-digit branch code followed by the beneficiary account number up to 34 characters
    • FPS - Enter account number without branch code up to 31 characters
  • China - Enter the Beneficiary's Account Number without spaces or hyphens
  • Singapore - Enter the beneficiary account number up to 34 characters
    • HSBC SG or OCBC SG accounts should be greater than 9 digits
    • SBI SG accounts should be greater than 11 digits
4 Select Account Type. Choose from:
  • Resident Individual
  • Non-Resident Individual
  • Resident Corporate
  • Non-Resident Corporate
International
Payment address type available in all geographies.
STEP ACTION
1 Select Clearing Code Type. Options based on Beneficiary Bank Country or Region include:
Clearing Codes
CODE DESCRIPTION
SWIFT  
AT Austrian Bankleitzahl
AU Australian Bank State Branch (BSB) Code
BL German Bankleitzahl
CC Canadian Payments Association Payment Routing Number
CH CHIPS Universal Identifier (US)
CN China National Advanced Payment System (CNAPS) Code
CP CHIPS Participant Identifier
ES Spanish Domestic Interbank Code
FW Fedwire Routing Numbers (US)
GR HEBIC (Hellenic Bank Identification Code)
HK Bank Code of Hong Kong
IE Irish National Clearing Code (NSC)
IN Indian Financial System Code
IT Italian Domestic Identification Code
NZ New Zealand National Clearing Code
PL Polish National Clearing Code (KNR)
PT Portuguese National Clearing Code
RT Pay by Real Time Gross Settlement
SC UK Domestic Sort Code (GB)
SW Swiss Clearing Code (BC code)
ZA South African National Clearing Code
2 Click Search, to search and select the Beneficiary Bank SWIFT or Clearing Code.
3 Enter Account Number/IBAN.
IBAN is required for payments to European Union geographies.
4 If required, select Account Type. Choose from:
  • Resident Individual
  • Non-Resident Individual
  • Resident Corporate
  • Non-Resident Corporate
PayID - ABN/ACN
Payment address type available in Australia.
STEP ACTION
1 Enter PayID - ABN/ACN.
2 Click Verify to retrieve the PayID Name.
PayID - Email Address
Payment address type available in Australia.
STEP ACTION
1 Enter PayID - Email Address.
2 Click Verify to retrieve the PayID Name.
PayID - Organisation ID
Payment address type available in Australia.
STEP ACTION
1 Enter PayID - Organisation ID.
2 Click Verify to retrieve the PayID Name.
PayID - Phone Number
Payment address type available in Australia.
STEP ACTION
1 Enter PayID - Phone Number.
2 Click Verify to retrieve the PayID Name.
6 Enter Beneficiary Name.
  • Enter full legal name (first name, any middle names, last name) or registered legal entity name.
  • International payments from Australia, China or New Zealand, allow up to 35 characters.
7 If required, enter Beneficiary Name (Local Language).
8 If required, enter beneficiary Email Address(es) up to 255 characters separated by a comma (,).
9 Enter a unique My Beneficiary ID up to 35 characters.
Beneficiary Code within the China Domestic Payment file format is acceptable and will be matched against the My Beneficiary ID in the Beneficiaries list.
10 Select Beneficiary Country or Region.
11 Enter Beneficiary Address up to 35 characters per line and City.
For international beneficiaries, address line 1 and city is mandatory.
12 Click Submit.
RESULT:

Next Steps

When the beneficiary has been successfully submitted for approval and is in a Pending Approval status, the next steps can be:

When the beneficiary has been successfully approved and is in an Approved status, the next steps can be:

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