External Beneficiary

To initiate an external transfer from your Sokin account, you must first create an external beneficiary.

To add an External Beneficiary, follow these steps:

1. Click Beneficiaries in the Sokin column.
   
2. Click Add Beneficiary.
   
3. Choose the Bank Country
4. Choose a Currency
   
5. Enter the Beneficiary Type (if applicable)
6. Choose the Type – Individual or Company
7. Enter the Beneficiary’s Account Details - Fields shown will vary based on the bank country and currency selected
8. Click Save to add the beneficiary

Beneficiary Requirements by Country and Currency

The details you’ll be asked to provide when creating a beneficiary depend on several key factors:

• The bank country selected

• The currency you're sending

• Whether you have a local account in that currency
  

  
  

This ensures you provide the correct information based on regional payment standards and available payment methods.

• Sending GBP to a UK Bank:

• Sending INR (Indian Rupee) to India:

 All send-only currencies require the bank name to be selected.