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Internet banking functionality > Payments and Transfers
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Payments and transfers
This area allows you to do inter-account transfers and pay accounts. You may also set payment to be done in the future, be they once-off or regular. There are no limits on funds transfers but the default limit on payments is GHc500 a day.
Multiple beneficiary payments
This function allows you to pay multiple beneficiaries at once. It saves you time because you no longer have to repeat the action for each beneficiary separately.
Scheduled payments
Payments to beneficiaries can be scheduled daily or monthly resulting in fixed payment amount being paid every day of the week or on the same day of each month. For example, you may schedule to have your rent payment go through on the same day of every month.
You may change the scheduled payment dates and amounts when needed whereas repeat payments cannot be changed.
Beneficiaries
Before you can start paying your bills you will have to load your beneficiaries' details (the bills you want to pay) to your profile. This area allows you to set up payment to private people or companies payments. You may also then change and delete beneficiaries. You can load up to 90 beneficiaries per account.
You may do payments only if you have enough money in your account. You have a daily payment limit of GHc500.
Beneficiary notifications
Using this function means that you can have a confirmation sent to the beneficiary once the payment has been made. The confirmation will be in the form of an SMS sent to their mobile phone.
Beneficiary payment history
Here you can see a history of payments made to a selected beneficiary - be they private or a company.
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