Instant Cash Remittance: Beneficiaries can receive instant cash remittance from the Branches of Prime Bank and from the branches of BURO Bangladesh.

TT Remittance: Payment instructions received through tested e-mail/secured internet system by CFRC, execute payment instructions, credit the same to the beneficiaries account maintained with Prime Bank Branches and also execute third banks payment.

DD Remittance: DD drawn on the Branches of Prime Bank by Exchange Companies& banks.

Web-based remittance: Web-based payments executed from all our branches and from BURO branches.

Prime Bank’s existing network of 110 locations throughout the country [95 branches and 15 SME branches].

Under a sub-representative agreement with Prime Bank 500 branch locations of BURO Bangladesh are making instant cash payment of remittances to the beneficiaries

Strong Agency arrangement with a host of local banks for distribution of foreign remittance

Real time online connectivity with all the Branches of Prime Bank through Core Banking Software allowing instant account-to-account credit, over the counter cash payment of Instant cash remittances & credit of proceeds of foreign TTs to customer accounts.

Batch processing of payment orders for third bank credit within the same clearing zone

Automated Centralized Foreign Remittance Center (CFRC) at Head Office for faster processing of remittances. Automation has increased the efficiency of CFRC and reduced the lead-time.

With our wide ATM network infrastructure and switching system, we have access to 1200 shared network of other banks spread over the country. Recently, initiative has been taken to install POS to supplement the existing alternative delivery channel, which is expected to be in service within a short period.

Prime Bank ensures faster delivery of foreign remittance as per the following turn-around time:

Prime Bank’s customer (more than 110 branches) : Instant A/C credit

BURO Bangladesh (500 outlets) : Same working day

Third Bank’s customer : 2 – 5 working day

Prime Bank has established a good correspondent banking network throughout the world.

At present, the Bank has correspondent relationship with 516 branches of 198 banks located in 87 countries.

Prime Bank maintains 34 NOSTRO accounts in 9 different currencies with 25 banks to facilitate payments and receipts in foreign currencies.

Prime Bank has a wholly owned subsidiary in Singapore for handling remittances of non-resident Bangladeshis living in Singapore and other nationals

Prime Bank has a wholly owned subsidiary in UK (3 branches in London, Birmingham and Manchester)

Drawing arrangement with 32 exchange companies & banks of around the globe for sourcing inward foreign remittance

Marketing representatives in overseas locations for sourcing remittance, account opening and cross selling of NRB products

Md. Abdul Quddus
Senior Assistant Vice President & Head
Centralized Foreign Remittance Center (CFRC)
Prime Bank Limited
Phone: +88 02 9565096, 9552003,
Mobile: 01714-007892
Fax: +88 02 9567808
e-mail: aquddus@asiatelnet.com, aquddus@primebank.com.bd