Managing Beneficiaries
A beneficiary is a saved payment recipient. Setting up your beneficiaries in advance means you can send payments quickly without re-entering details each time.
Types of beneficiaries
Section titled “Types of beneficiaries”| Type | What it is |
|---|---|
| Bank account | An external bank account belonging to a vendor, supplier, or any third party |
| Wallet | Another TurnStay Treasury wallet (e.g. a partner or subsidiary account) |
Adding a beneficiary
Section titled “Adding a beneficiary”-
Go to Treasury → Beneficiaries
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Select Add Beneficiary
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Choose the beneficiary type — bank account or wallet
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Enter the required details:
For a bank account beneficiary:
Detail When required Beneficiary name Always Account number Most regions IBAN Europe and international Sort code UK accounts Routing number US accounts SWIFT / BIC International transfers For a wallet beneficiary: Enter the wallet identifier provided by the wallet holder.
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Save — the beneficiary is now available when sending payments
Managing your beneficiaries
Section titled “Managing your beneficiaries”All saved beneficiaries are listed under Treasury → Beneficiaries. From there you can:
- View beneficiary details
- Edit or update details if they change
- Remove a beneficiary you no longer need