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Q:

What is a beneficiary reference / default beneficiary reference and how do I edit it?

A:

Every beneficiary in a bulk list has a beneficiary reference and information for the beneficiary lines, which will appear on the beneficiary's bank statement. You need to set this when you create a list.

When you create a list, you can set a default beneficiary reference and information for beneficiaries, which will appear automatically with every new beneficiary you add. You can then either save the references as they are or edit them.

When you amend a list, you can change the defaults for any new beneficiaries - and either save or edit this for each beneficiary you add. (Existing beneficiaries keep their existing references).

When making a payment from an existing bulk list it is recommended that you review the beneficiary references to ensure they are specific for each payment and if required, consider updating.

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