Create an Urgent Euro Payment

    1. From the Manage payments section page, select Create payment to display the Create payment screen.



      If you want to create a payment based on an existing payment, select Create from existing > Individual payment and enter the name of the Euro payment you want to use in the box on the right or clickSearch iconto search for and select the payment you want.

      If you want to create a payment based on an existing template, select Create from existing > Template and enter the name of the Euro payment template you want to use in the box on the right or clickSearch iconto search for and selectthe template you want.

      If you want to create a freeform payment select Euro payment from the drop down list in Payment type.

    2. Select Urgent payment.

      Urgent Euro payments can have a same day value date. You can also create Non-urgent Euro payments that will be sent through a SEPA Credit Transfer and the earliest available value date will be the next business day.
    3. Enter the following information in to the available fields:
      • From account – Enter the sort code and account number of the account you want to make the payment from or click Search icon to search for and select the account.
      • Account name – The name of the account used to identify it in Commercial Banking Online. This field will be pre-populated when the account number is selected.
      • Beneficiary name – Enter the name of the beneficiary or click Search icon to search for and select to search for a beneficiary from the Beneficiary Library.
      • Beneficiary IBAN – Enter the beneficiary's IBAN, this field will be automatically populated if you select a beneficiary from the Beneficiary Library.

      Exclamation mark For your security, please check the beneficiary account details for each payment, even if you are using an existing payment or template.

    4. Click Continue.
    5. Using the information from the previous page most of the payment information will have automatically populated in the payment details. If any of the information is wrong Reset the form and re-enter your payment details.
    6. In the Debit account information details of the account that you are taking the payment from will be displayed. If required you can enter a Debit account reference to identify this payment in your statement.
    7. In the Beneficiary information section the screen is split in to four parts, the two boxes on the left contain information about the beneficiary and the two boxes on the right contain information about the beneficiary's bank. If required you can amend the Beneficiary name and the Beneficiary address.

      Euro_bene

      If you have access to the Beneficiary Library, you can save the details of any new beneficiaries you add to the payment or save changes you’ve made to existing beneficiaries using the Beneficiary Library section. Any changes to a beneficiary record or new entries to the Beneficiary Library will need to be approved before you can submit the payment.
      • Do not update beneficiary record – Select this option so that existing beneficiary details are not updated, or new beneficiary details are not added to the Beneficiary Library. This is the default option.
      • Add beneficiary record – Select this option to add the beneficiary details as a new record in the Beneficiary Library. After selecting click Update Beneficiary Library.
      • Update beneficiary record – Select this option to save any changes to an existing beneficiary record in the Beneficiary Library. After selecting click Update Beneficiary Library.
      Exclamation mark For your security, we recommend that any changes to the beneficiary record are required to have a separate approval by another user.
       
    8. The layout of the Payment details section will depend on whether the Debit and Credit accounts are in the same currency:

      If Debit and Credit accounts are the same currency:


      • Credit amount – enter the amount you want to transfer from the debit account to the credit account.
      • Currency code – the currency of the account, this will automatically populate with currency of your accounts.
      • Value date – the date the money will arrive in the credit account. Click Calendar icon(1) to select the date you want the transaction to take place.
      • Transaction date – the date the payment will be made, this will automatically populate when you select a value date.

      If Debit and Credit accounts are different currencies:


      If Debit and Credit accounts are different currencies:

      Please note Credit is the current available option.
      • Credit amount :– enter the amount you want to transfer in the currency of the credit account. This will be indicated in the corresponding Currency code box.
      • Value date: – the date the money will arrive in the credit account. Click to select the date you want the transaction to take place.
      • Transaction date: – the date the payment will be made, this will automatically populate when you select a value date.
      • Charges: – Charges for Euro payments can only be set to SHA where the charges will be split between you and the Beneficiary.
      • FX Contract ID field :– If you have a pre-booked FX deal enter the FX reference number here. The reference number must be in the correct format and start with B, F or X followed by 10 digits. This will then open a new box to let you to enter your Exchange Rate.

      Foreign Exchange Rates:

      Any Euro payment that needs to be converted to another currency must have a rate of exchange applied before it is submitted to the bank. To apply a rate you will need to have a Role with the Get Rate entitlement.

      If you are not using a pre-booked rate you’ll need to get an FX rate after the payment has been fully approved but before it is submitted to the bank. You can apply a rate in a the following ways:


      Future-dated payments

      A future-dated payment that requires a currency conversion can only have the rate of exchange applied on value date of the payment.

      Future-dated payments are shown on the Payment Management screen will appear in the Needs Rate Payments view on the payment’s value date.

      You can also set-up a payment alert to tell you when a future-dated payment is ready to have a rate applied. On the value date you will receive a Notification in your Notifications bar which, if selected will take you to the Needs Rate Payments screen. You can also go to the Payment Management screen and select Needs Rate Payments option from the View dropdown box.

    9.  Additional information section

      Instructions
      • Beneficiary reference – Enter the reference that will appear in the beneficiary’s statement.

      CHAP Additional_information

      Originator
      • This contains your account information which will be automatically added when you choose your account in the Debit account information section.

      Exclamation mark

      For your security, we recommend that you check the beneficiary details are correct before submitting the payment.

    10. When you’re ready, submit the payment for approval. Once the payment has been submitted you will see the following ID’s:
      • Client Payment ID – this is an internal payment ID for your own reference
      • Bank Payment ID – this ID will be required by the helpdesk to assist with any queries relating to the payment
      If you’re not ready to submit the payment yet, save the payment as a draft for now.

      If you want to remove all the details you have entered and start the payment again click Reset or click Cancel to return to the Payment management screen.
     

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Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.

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