A beneficiary is anyone your business sends money to—such as employees or vendors. Adding beneficiaries in advance helps speed up payments and reduce manual errors.
Tip: Have the beneficiary’s full bank details ready (e.g. account or IBAN, bank name, SWIFT/BIC). These will be checked automatically during setup.
Add a beneficiary from the Beneficiaries page
Go to Beneficiaries from the top menu.
You’ll see a list of beneficiaries linked to your default account.
To view a different account, select Edit and choose the correct one.
Select Add New
A side panel will open.
Enter the beneficiary’s bank details and optional contact info.
Select Save. The new beneficiary will appear in your list.
Bulk upload beneficiaries from a file
Go to Beneficiaries > Beneficiaries Upload
Download the template
Select International Upload File to download the latest CSV format.
Fill out the template
Add one beneficiary per row.
Include key fields like name, account/IBAN, SWIFT/BIC, and address.
Save the file as a .csv.
Upload your file
Select Browse to find and upload your CSV file.
Choose the correct format (e.g. PIP CSV Template) from the dropdown.
Select Upload.
MarTrust will validate your file and show how many beneficiaries were created.
If there are errors, they’ll be highlighted so you can correct and re-upload.
Add a beneficiary while creating a payment
While setting up a Payment Batch, open the Beneficiary dropdown.
Select Add New.
Fill in the details in the side panel.
Select Save.
The beneficiary will be added and automatically selected in your payment form.