I want to approve a beneficiary

  •   F&S icon For your security, we recommend that separate approval by another user of changes to the beneficiary record is required, and regular checks that no unauthorised changes have been made.

    If your organisation has dual administration, you may need to review and approve new beneficiaries before they can be used to make payments in Commercial Banking Online. You can approve beneficiaries with an Entered or Modified status.

    1. Either select Payments > Beneficiary Library or click Beneficiary Library on the Payment Management screen to display the Beneficiary Library screen.
    2. Click Down arrow in the beneficiary’s row and select Approve from the pop-up menu displayed

      To approve multiple roles at the same time, tick the ones you want to approve and click Approve at the bottom of your screen.

      You can review the details of a beneficiary before deciding whether to approve it by double clicking on the role’s row. Once you’ve reviewed the beneficiary, click Approve to approve the role or Cancel to return to the Beneficiary Library screen.
    3. After you authenticate your approval and message is displayed to confirm that your beneficiary has been approved. Click Close to close the message and return to the Beneficiary Library screen.

      Approved beneficiaries have an Approved status.

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Lloyds Banking Group includes companies using brands including Lloyds Bank, Halifax and Bank of Scotland and their associated companies. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com