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
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.
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:
If your organisation requires Beneficiaries to be approved, the beneficiary has been submitted and Pending Approval.
If your organisation does not require Beneficiaries to be approved, the beneficiary is submitted, approved and ready to be used in a payment.
Next Steps
When the beneficiary has been successfully submitted for approval and is in a Pending Approval status, the next steps can be: