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What is a mass transfer?

Mass transfers are a way of sending money simultaneously to multiple recipients. In general, it sends out multiple debit payments from a bulk list. Instead of filling in each recipient's payment information separately, you can upload a spreadsheet containing all the relevant data for the beneficiaries, payment amounts, and the reason for these payments.

Mass payments are often used for payroll programs, paying suppliers and partners or for other expenses that need to be settled on a regular basis. The opportunity to pay multiple invoices at once means you can save time, reduce administration, minimise human error, and make hundreds or thousands of payments.

Keep in mind that the mass payment can be sent out to both personal and business entities.

Related articles:

What types of payments can I make via a mass transfer?

How can I send a mass bank transfer?