Trending Remittances Discussions

What do you mean by Remittance?‎

هل سبق وتم ارسال لك رسالة عبر البريد الالكترونى بطلب مساعدتك في نقل اموال تصل الى ملايين الدولارت الامريكية الى بلدك ؟‎

مقابل حصولك نسبة مئوية تصل الى حوالي30% من ذلك المبلغ على ان تسدد رسوم بنسبة5% من القيمة الاجمالية للمبلغ بالتساوى مع صاحب الاموال نظرا لان تلك الاموال مملوكة لشخص وتوفي ‎ ... See More

What is remittance transfer hidden cost?‎

 

Answer added by  Fazlul Hoque, Assistant Director, DoF,GoB
10 years ago

A remittance is a transfer of money by a foreign worker to his or her home country or simply sending an amount of money from one country to another.Money sent home by mig ... See More

 

Answer added by  Feroz Sayed CAMS, Assistant Manager, Sigue Money Transfer
7 years ago

SWIFT Charges, Corespondent bank charges are the hidden cost in a remittance, which the remitters are unaware of.

 

Answer added by  Madhawa Peiris, Officer, Standard chartered Bank
7 years ago

Corespondent bank charges and the cost arising from the foreign exchange rate fluctuations

 

Answer added by  Bavithra Sarathkumar, Assistant Operations Manager, Indusind Bank Ltd Keral
8 years ago

Global average cost of sending remittance is 2.09%

 

Answer added by  Najeeb Nasiruddin , Manager Payments & International Operations (Treasury Settlements, Remittances & SWIFT), Qatar International Islamic Bank
8 years ago

All banks charges a fee for executing the remittances (money transfer). However, if the remittances is involving one or two more correspondent banks, there are charges ta ... See More

 

Answer added by  Ahmed Aziz, Software Development & Testing, Innernet, Inc.
10 years ago

Difference in Exchange rate given against market rate.

 

Answer added by  Hina Burhan, Working as Collection Officer, Askari Bank Ltd
10 years ago

hidden charges / fee charged on sending money from one country to other country.