Log on

Create new IPFX beneficiaries

Create a new beneficiary without having to enter the new entry in the Address Book tab in CommBiz. When settling an Foreign Exchange (FX) Trade, this entry must be saved before you can proceed.

What you'll need

Permission to create an International Payment
Permission to create and maintain address book in CommBiz

Speak to your Administrator if you don't have these permissions.

How to create a new beneficiary entry

You can create a new beneficiary when creating a new FX trade, saving you from creating a new entry in the CommBiz Address Book (outside of the IPFX dashboard).

Enter payment details

Once you are on the IP&FX dashboard screen, select Make a payment and select Enter payment detail
Select New beneficiary, then select Create New Beneficiary
Enter the beneficiary details, then Select Bank Details
From the drop down list, select the required Country and enter the bank code, then select Search
When the correct Bank appears in the result's, select it and then select Add Bank Details
Ensure all other details are correct and select Save Beneficiary
Enter your user credentials and token code, then select Add Beneficiary

We can help

Things you should know

This document is provided to existing users of CommBiz International Payments and Foreign Exchange (IPFX) for information purposes only. It is intended to assist users in understanding certain operational features of IPFX. This document does not form part of any contract between you and the Commonwealth Bank of Australia (CBA) and does not amend, override or replace any applicable terms and conditions. Your access to and use of IPFX, and any foreign exchange transactions entered into through IPFX, are governed by the following documents (as amended from time to time):
- The Terms and Conditions relating to the use of IPFX and the Special Terms and Conditions relating to FX transactions for IPFX users (where applicable);
- The CommBiz Terms and Conditions; and
- Any other agreement governing your accounts or foreign exchange transactions with us.
In the event of any inconsistency between this document and those terms and conditions, the relevant terms and conditions will prevail. You should read these relevant terms and conditions as well as any disclosure documentation relating to your foreign exchange transactions with us such as the FX PDS. The availability of features and the steps described in this document may vary depending on user permissions, account authorities, system availability and other operational factors and this document may be updated by CBA from time to time. CBA does not warrant that the information in this guide is complete, current or error‑free. For any assistance, please contact the Foreign Exchange Centre on 1300 222 339 or fxcentre@cba.com.au