CAPITEC

CAPITEC

Creating a recurring payment

  • Create Boland Muslim Burial Society as a Beneficiary.
    • Boland Muslim Burial Society, Standard Bank, Paarl
      Account nr: 10174695126, Current account (Cheque), Bank code: 051-001.
  • Create a recurring payment by clicking on Transact on the bottom menu
  • On the next screen, scroll down until you see “Recurring/future-date” and click on it
  • Click on the “+” sign and then on “Payment” to Add a recurring payment
  • Scroll down and click on beneficiary name Boland Muslim Burial Society
  • Capture the monthly amount to be paid
  • Select Recurring and Choose Frequency and click on Monthly
  • Click on Start Date and select your Start Date (before the 7th of the month) and click on Done
  • Click on End Date and select your End Date and click on Done.  You can set the end date to many years into the future. (Tip: Set yourself a reminder to renew the recurring payment at expiry date)
  • Beneficiary reference will be the full name and surname of the Main Member
  • My Statement Description will be the description appearing on your bank statement for eg BMB Society or Burial Society
  • Click on Add and Confirm
  • The monthly payment will be automatically deducted on your chosen date

Adjusting or deleting a recurring payment

  • Click on Transact on the bottom menu.
  • On the next screen, scroll down until you see “Recurring/future-date” and click on it.
  • Your created recurring payments will display. Click on the one you would like to adjust or delete.
  • To adjust amount, click on Update and adjust the amount, start date and end date and click on Update and then on Confirm.
  • Click on Delete if you want to delete the recurring payment and then on Confirm.
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