Remittances
Inward & Outward Remittances
Remittance (a money transfer, funds transfer or payment order) is the process of transferring money, which is begun with the originator’s payment order, made for a specific purpose to the designated beneficiary, and completed upon acceptance by the beneficiary’s bank.
| Item | Inward Remittances (Telegraphic Transfer) | Outward Remittances (Telegraphic Transfer) |
|---|---|---|
| Overseas Transfer | 0.1% commission min USD10.00 | 0.20% commission min USD15.00+ USD20.00 cable fee |
| Domestic Transfer | USD5.00 | 0.05% commission min USD5.00 |
- All commissions and charges are subject to change at the Bank's sole discretion.
- Third party and other charges which may be applicable will be charged accordingly.