Q: What is a beneficiary on Spot?
A: A beneficiary is someone you add to your Spot app to send payments to. This could be a landlord for monthly rent, a friend you owe money to, or anyone you need to pay into their bank account.
How to Add a Beneficiary on Spot:
1. Open your Spot app and log in.
2. Tap "Transact" at the bottom of the screen.
3. Select "EFT Payments."
4. Tap "Pay a Beneficiary."
5. Select "Add a new Beneficiary." (No worries if they don’t use Spot—you can still add and pay them.)
6. Fill in their details: Account Holder Name, Account Type, Bank, Branch Code, and Account Number.
7. Done! Their information is saved for future payments, so you won’t need to add it again.
Benefits of adding a beneficiary on Spot:
1. Streamlined Payments: Easily send payments to recurring recipients without re-entering their details each time.
2. Convenience: Simplify the payment process by having the beneficiary's information readily available in your Spot app.
3. Security: Securely store beneficiary details within the app for quick and secure transactions.
4. Organization: Keep track of your payment recipients and manage your transactions efficiently.
5. Flexibility: Add and pay beneficiaries, even if they do not use Spot, for seamless money transfers.
If you have any further questions or require assistance with adding a beneficiary on Spot, please feel free to contact our customer support team for help.
Transact / EFT Payments:  Pay a Beneficiary:  |
Pay a Beneficiary:  |
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