Users can initiate individual payments through Monex Pay by selecting the Payments tab on the Dashboard and then the Create a payment button.
Requires user role ‘User can submit payments.'
Requires user role ‘User can approve payments.'
Enter the currency, amount and value date of the payment.
The beneficiary bank account can be chosen by selecting Your accounts or Third party beneficiaries then the arrow to select the bank account
If a new bank account is to be added the ‘Add new account’ button can be selected
The Add reference field can be edited to include any text the user wishes to appear on the payment to the beneficiary to help identify the funds.
If the payment is being instructed to a third party an optional invoice can be uploaded to support the payment.
Any information included in the FFC field of the beneficiary bank details will be included in the reference field and will not be editable.
The user can review and confirm the payment instruction and by clicking the ‘Instruct payment’ button the payment will have been created.
The payment and status can be viewed on the trade history page.
MONEX PAY SUPPORT
Tel: +44 (0) 203 650 6400 Email: support@monexpay.com