To update a recipient’s payment method from SWIFT to OFX Direct, follow these steps:

1. Log into your OFX account.

2. Navigate to the Recipients section from the sidebar menu.

3. Locate and select the recipient you wish to update.

4. Click on the Edit button to modify the recipient details

.

5. In the 'Banking Essentials' section, select OFX Direct as the new payment method.

6. Ensure that all required fields are filled out correctly, including banking details specific to OFX Direct.

7. Review the changes and click Save recipient to apply the updates.

Why is this page important?

Updating the payment method ensures that transactions are processed efficiently when using OFX Direct compared to traditional SWIFT payments. This can enhance transaction speed associated with international transfers.

Next Steps:

• After saving the changes, verify that the updated recipient information is correct.
• Monitor future transactions to ensure they are being processed via OFX Direct.