How to Add a Beneficiary in FAB Mobile

Introduction

Add a beneficiary in FAB Mobile app is an important step for easy and secure funds transfer. Whether you want to send money to the family members, friends or pay bills. You can set up beneficiaries with simple process which makes your future transactions faster. Adding a beneficiary in FAB Mobile helps you manage your transfers easily. After adding it, you can keep an eye on your FAB account balance to manage your transactions efficiently. In this guide, we will provide you with the step-by-step guide on how to add a beneficiary in FAB Mobile app which ensures you the ease of funds transfer.

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Why Add a Beneficiary in FAB Mobile?

Adding a beneficiary to your FAB Mobile will give you the advantages of

Transfer funds quickly to saved contacts without need to re-enter details each time when you try to transfer funds.
Ensure secure transfer as only authorized beneficiaries can receive transfers from your account.
Pay bills, or send remittances easily with a few taps.
Manage multiple payees for personal and for business-related transactions

Step-by-Step Guide to Add a Beneficiary in FAB Mobile

Below is a detailed step-by-step procedure of how to add a beneficiary using the FAB Mobile App:

Step 1: Download and Log in to the FAB Mobile App

If you have not downloaded the FAB Mobile app in your mobile device yet, you can easily find it on the Apple App Store or Google Play Store.

If you have installed it:

Open the FAB app and login using your username and password.
You can also use biometric login (fingerprint/face ID) if you have enabled it for faster access.

Step 2: Go to the Beneficiaries Section

Once you have logged in, follow the steps below:

Tap on the Menu icon which is usually located in the top left corner or at the bottom of the screen.
Scroll down and select the Beneficiaries option under the Payments & Transfers section.

Step 3: Select Add New Beneficiary

In the Beneficiaries section:

Click on the “Add New Beneficiary” button.
A prompt message will come up to select the type of beneficiary you like to add. The options may include:
Local Beneficiary (within the UAE).
International Beneficiary (for sending money to other country).

Choose the most suitable type based on your transfer needs.

Step 4: Enter Beneficiary Details

In the next step, you will be required to enter the following information of the beneficiary:

Beneficiary Name: Enter the full name of the person or company you like to add.
Bank Details: Enter the IBAN or account number and select the beneficiary’s bank from the list given below.
For international transfers, you will also need to enter the SWIFT/BIC code of the bank.
Reason of Transfer: Specify the reason for transferring funds to this beneficiary (e.g., family support, bill payment, remittance etc.).

Make sure all details are correct in order to avoid issues during future transfers.

Step 5: Verify the Beneficiary Details

After entering all the required information from the above steps, the app will prompt you to review the beneficiary details:

Double-check the information like name, IBAN, account number, and bank details.
Confirm that the information is correct to proceed.

Step 6: Authorize and Add the Beneficiary

Once you have reviewed the beneficiary details, do the following steps:

Tap on “Confirm” to proceed.
You will be asked to verify the addition of the beneficiary using a One-Time Password (OTP), which will be sent to your registered mobile number.
Enter the OTP and confirm the beneficiary.

Finally, the beneficiary will be added to your list, and you will be able to make transfers to this person or account going forward.

Important Points to Remember

Beneficiary Approval Time: Once you add a new beneficiary into your app, it may take a few minutes or sometimes a bit longer for them to be activated. Once that is approved, you will receive a confirmation notification about it.
IBAN Accuracy: Make sure the IBAN or account number which you provided is accurate, especially for international beneficiaries in order to avoid transfer failures.
Secure Transfers: Adding a beneficiary to your FAB Mobile app ensures that the future transactions are secure as only your authorized contacts can receive funds.

Step	Description
Step 1: Log in to the FAB App	Open the FAB app and log in using your username and password.
Step 2: Go to Beneficiaries	Go to the Beneficiaries section under Payments & Transfers.
Step 3: Add New Beneficiary	Tap on “Add New Beneficiary” and select the type of it (Local or International).
Step 4: Enter Beneficiary Info	Enter the beneficiary’s name, bank details, IBAN/SWIFT, and reason of transfer.
Step 5: Verify Details	Review the information that you entered and confirm it is correct.
Step 6: Authorize Beneficiary	Complete verification by entering the OTP sent to your registered mobile number.

How to Add a Beneficiary in FAB Mobile – A Complete Guide

FAQs

In most cases, the new beneficiary will be activated within minutes. You will also receive a confirmation SMS to your registered mobile number once the process is completed.

Yes, you can add international beneficiaries by selecting the International Beneficiary option and providing their SWIFT/BIC code and bank details by using the FAB Mobile.

FAB typically allows you to add multiple beneficiaries, but there may be a daily limit on how many you can add or how much you can transfer, especially for international transfers.

Yes, In order to send money to any person or account within the UAE, you must first add them as a local beneficiary by using your FAB app.

Yes, the process is completely safe and secure. The FAB Mobile App uses encryption and two-factor authentication to ensure that your account and transactions are protected.

How to Add a Beneficiary in FAB Mobile – A Complete Guide

Introduction

Why Add a Beneficiary in FAB Mobile?

Step-by-Step Guide to Add a Beneficiary in FAB Mobile