Are you looking for information on how to add a beneficiary on the Standard Bank app? Standard Bank has millions of customers across South Africa. You are here because you are a one of them. Now you wish to make payments using the bank’s app. In order to do so, you need to first add these people as beneficiaries. But how do you do that? Before we get into how beneficiaries can be added to the app, we are going to first define a beneficiary.
What is a bank beneficiary
A beneficiary in this instance is taken to be any person to whom you are making a payment. They are otherwise referred to as recipients.
Steps to add a beneficiary on Standard Bank
The following is how to add a beneficiary on the Standard Bank app;
- Log into the Standard Bank app.
- Click on Transact on the home screen.
- Next, click on Pay.
- Click on Add a beneficiary.
- Go to A beneficiary.
- Enter the beneficiary’s details.
- When done, click on Review to the top right of your screen.
- If the details are correct, click on Confirm.
- A one-time PIN will be sent to your phone. Type it in
- The beneficiary will now be added to your account. You can now pay them quickly and easily.
Paying a Once off Beneficiary
So far, we have shown you how to add a beneficiary on the Standard Bank app. It was noted that the reason for adding a beneficiary is so you can make payment to them.
The advantage of having beneficiaries is that their details get retained within your account. The next time that you wish to make another payment, it will be a simple matter of choosing from among your beneficiaries.
That’s a quick way of transacting. But what do you do if there is someone who you only wish to pay once. The good news is that you can still pay people without adding them as beneficiaries.
It’s a simple matter of adding their details from within the Standard Bank app. Simply go to the app and click on Pay. Click on Somebody new and then Enter your beneficiary’s details.
In this article, we showed you how to add a beneficiary on the Standard Bank app. It was noted that beneficiaries are people to whom you wish to make payments. The good thing is that you can easily make payments using the app on your phone.
Once you have added a beneficiary, you will be able to quickly and easily make subsequent payments. That’s because the details of your beneficiary will be kept within your account, meaning you won’t need to reenter them.