Do you wish to learn how to add a beneficiary on the Capitec app? Is it even possible to do so? We are going to explore those questions in this article. Capitec is the biggest bank in South Africa when it comes to the number of customers. The bank recently released a new app, the Global One app.
What is a beneficiary on Capitec?
A beneficiary is simply a person, business or another entity to which you wish to make a payment. Adding them is important. It ensures that their details get saved within your account. It becomes easy for you to pay them because you will simply be picking them from your list of beneficiaries A beneficiary is also known as a recipient.
Steps to add a beneficiary on Capitec
The following is how to add a beneficiary on the Capitec app;
- Log into the Capitec app.
- Tap on the Pay beneficiary shortcut. If this is not among your favorites, click on Transact and then click on Pay beneficiary.
- Now you need to click on Add beneficiary.
- You have three options here. You can choose Capitec cellphone, Capitec registered and Bank details.
- Fill in the details and click on Add.
- Confirm the information and type in your remote PIN.
- You can now quickly and easily pay your beneficiary.
Why add beneficiaries?
That’s how to add a beneficiary on the Capitec app. But why would you need to add a beneficiary in the first place? Please note that you cannot pay someone that is not among your list of beneficiaries.
Thats probably the reason why you are here. You tried to pay someone but you could not do so because they were not among your list of beneficiaries. The good news is that it’s very easy to add a beneficiary on Capitec.
Examples of beneficiaries on Capitec
So, who can be your beneficiary on Capitec? Well, a beneficiary is anyone to whom you wish to send money. By adding them, you ensure that you do not need to readd them the next time that you wish to make a payment to them. The following are examples of beneficiaries;
- Companies offering subscription services such as Multichoice
In this article, we showed you how to add a beneficiary on the Capitec app. The process is simple enough and you should be done in a few minutes.
Should you require further assistance, feel free to get in touch with Capitec and they will be able to help you. You can also visit your nearest Capitec bank branch for assistance.
Here is the Capitec call center number