Transfer Money - New Payee
Using this option you can transfer funds from your account to a payee byentering the payee’s mobile number or email ID or even by logging into your Facebook or Twitter accounts and selecting a payee from your Facebook contacts or Twitter followers.
By selecting the ‘New Payee’ option, the user is provided with the following choices by which to initiate a fund transfer. They are as follows:
Email/ Mobile
The Email/ Mobile option enables the user to initiate a funds transfer towards an email or mobile contact. The user has to simply specify the email address or the mobile number of the intended payee and specify other transfer related details such as the transfer amount and source account. Once the transfer is initiated, the funds are transferred to the account number associated with that email address or mobile number.
Bank Account
The user can select this option if he wishes to initiate a transfer towards a beneficiary who is not yet registered as a payee. On selecting this option, the user will be directed to a screen from which he can select the option to navigate to the screen on which he can register a payee.
By selecting this option, the user is able to transfer funds to a Facebook contact. Funds can be transferred towards only those Facebook contacts who have registered themselves for this facility with the bank via Facebook.
On selecting this option, the user is able to transfer funds to a Twitter contact. The user can select any one Twitter contact as the recipient of the funds transfer.
To transfer money to a new payee:
- In the Transfer Type field, select the New Payee option. The fields by which to transfer funds to a new payee appear.
Field Name |
Description |
---|---|
Transfer Type |
Select the type of transfer that is to be initiated. The options are:
|
The following fields appear when the option ‘New Payee’ is selected. |
|
Transfer Via |
Select the mode through which funds are to be transferred. The options are:
|
The following field appears if you select the option Bank Accountin the Transfer Via list. |
|
Add Bank Account |
Select this option to add a new payee having a bank account. |
The following fields appear if you select the option Email/ Mobile in the Transfer Via list. |
|
Email / Mobile |
Enter the email ID or mobile number of the payee to initiate the money transfer. |
Confirm Email / Mobile |
Re-enter the email ID or mobile number as entered in the Email/ Mobile field so as to confirm the same. |
Currency |
Select the currency in which the transfer is to take place. |
Amount |
Specify the amount to be transferred. |
View Limits |
Link to view the transaction limits of the user. |
Transfer From |
Select the source account from which the funds are to be transferred. In case of Oracle Banking Payments (OBPM) as backend system, user’s accounts which are in the entity local currency will be fetched for selection. |
Balance |
On selecting a source account, the net balance of the account appears below the Transfer From field. |
Note |
Add a narration, if required, for the transaction |
The following fields appear once you have successfully logged into Facebook after having selected the option Facebook in the Transfer Via list. |
|
Transfer To |
On having logged into the Twitter account, this field serves as a link by which the user can arrive at the screen on which to select a Twitter Handle to transfer funds towards. |
Currency |
The currency in which the transfer is to take place The currency will be defaulted to the local currency when transfers are made to Facebook contacts. |
Amount |
Specify the amount to be transferred. |
View Limits |
Link to view the transaction limits of the user |
Transfer From |
Select the source account from which the funds are to be transferred. In case of Oracle Banking Payments (OBPM) as backend system, user’s accounts which are in the entity local currency will be fetched for selection. |
Balance |
On selecting a source account, the net balance of the account appears below the Transfer From field. |
Note |
Add a narration, if required, for the transaction. |
The following fields appear once you have successfully logged into Twitter after having selected the option Twitter in the Transfer Via list. |
|
Transfer To |
Select the Twitter follower towards whom you want to transfer money. |
Currency |
The currency in which the transfer is to take place. |
Amount |
Specify the amount to be transferred. |
View Limits |
Link to view the transaction limits of the user |
Transfer From |
Select the source account from which the funds are to be transferred. In case of Oracle Banking Payments (OBPM) as backend system, user’s accounts which are in the entity local currency will be fetched for selection. |
Balance |
On selecting a source account, the net balance of the account appears below the Transfer From field. |
Note |
Add a narration, if required, for the transaction. |
- From the Transfer Via list, select the type of payee.
- If you select the Email or Mobile option:
- In the Email /Mobile field, enter the email id or mobile number of the recipient.
- Re-enter the recipient’s Email ID or Mobile number in the Confirm Email/ Mobile field.
- From the Currency field, select the currency in which the transfer is to take place.
- In the Amount field, enter the transfer amount.
- From the Transfer From account list, select the source account.
- If you select the Bank Account option:
- To add new payee having bank account, click Add Bank Account. The Add Payeescreen appears.
- Add the bank account details of the payee and then continue to transfer in Add Payee screen.
- If you select the Facebook option, the Facebook login page appears.
- Log into your Facebook account with Facebook credentials
- In the Email Address or Phone Number field, enter your email ID or phone number associated with the Facebook account.
- In the Password field, enter the password associated with your Facebook account. The Facebook page appears. You will need to provide the bank’s application permission to access your Facebook contact details.
- Click on the Enter Twitter Handle link under the Transfer To field.
The Select Twitter Handle pop up window appears. - Enter the name of the contact or the contact’s Twitter handle in the Search Twitter or Select a Follower field to search for a Twitter handle and click OK.
The list of Twitter Handles that match the value entered in the Search Twitter or Select a Follower field appears.
Select a Twitter Handle towards which you wish to transfer funds.
The user is navigated to the Pay to Contacts screen with the selected Twitter Handle populated in the Transfer Via field. - Click .
- From the Currency field, select the currency in which the transfer is to take place.
- In the Amount field, enter the transfer amount.
- From the Transfer From account list, select the source account.
- Click
OR
Click to cancel the transaction.
to initiate payment. - The Review screen appears. Verify the details, and click
OR
Click to cancel the transaction.
OR
Click to return to the Transfer Money – New Payee initiation screen.
. - The Verification screen appears if the transaction is configured for 2 factor authentication.
Click Continue. A message confirming submission of the transaction appears along with the transaction reference number and security code.
The generated security code is also sent via email/mobile to the initiator of the transfer.
OR
Click Go to Dashboard, to navigate to the dashboard.
OR
Click More Payment Options to go to other payment options.
OR
Click Add Payee to add payee. This option is not available if the transfer has been made towards a Facebook ID or a Twitter handle.
Note: The user can transfer funds to twitter handles that are following his (the user’s) twitter handle or to other twitter handles that have enabled receiving direct messages from anyone (this is an option that can be enabled in Twitter settings).
- Click Add Payee to register the beneficiary as a payee.
A pop up window appears on which you can identify whether the beneficiary details are to be mapped to an existing payee or whether the beneficiary is to be registered as a new payee.
Field Name |
Description |
---|---|
Add to an Existing Payee or create a New Payee? |
Select the option to identify whether the beneficiary is to be mapped to an existing payee or whether the beneficiary is to be added as a new payee. |
- Select the desired option under the field Add to an Existing Payee or create a New Payee?
- If you select the New Payee option, the Add Payee screen appears in which you can register the beneficiary as a new payee.
- If you select the Existing Payee option, you will be required to select the payee to whom the beneficiary details are to be mapped.
- Click , the Add Payee screen appears with all the beneficiary details pre-populated in the required fields.
Field Name |
Description |
---|---|
Payee Name |
Name of the payee. |
Upload Photo |
Select this option to upload a photo against the payee. |
Email / Mobile |
Enter the email ID or mobile number of the payee. |
Nickname |
The nickname assigned to the payee’s account for easy identification. |
- In the Payee Name field, enter the name of the payee, if you have selected the New Payee option.
- Click on the Upload Photo link to upload a photo against the payee.
-
Note:
The Upload option will appear if you have selected the New Payee option
or
if no photo has been uploaded against the Payee Group under which you have opted to add the peer to peer payee account, on selection of Existing Payee option.
If a photo has been uploaded against the Payee Group under which the peer to peer payee account is being added, the option Change will appear against the payee group photo.
The option Remove will appear once the payee group photo has been replaced by a photo for the payee account. - In the Nickname field, enter a nickname of the payee, if you have selected the New Payee option.
- Click
OR
Click to cancel the transaction.
OR
Click to return to the Add Payee screen.
to add a payee. - The Add Payee - Review screen appears. Verify the details, and click Confirm.
OR
Click to cancel the transaction. - A message confirming the addition of the new payee appears. Click
OR
Click to cancel the transaction.
OR
Click Go To Dashboard, to navigate to the dashboard.
OR
Click More Payment Options to go to the other payment options.
to confirm payee addition.
FAQs
Can I transfer funds received from the sender to an account in another bank?