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Foreign Remittance Services
Prime Bank has set the highest priority to mobilize inward foreign remittance of Non-Resident Bangladeshi Nationals (NRB) living and working in different parts of the world. Our remittance service is Easy, Fast and Secured.
 Remittance Products for NRBs
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.
 Major Strengths of Prime Bank Foreign Remittance Service
a. Remittance Distribution Network
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
b. Remittance Processing Strength
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.
c. Alternative Delivery Channel
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.
d. Speedy Delivery of Remittance
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
e. International Banking Relationship
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.
f. Strength in Sourcing Inward Remittance
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
 Contact Details
For Remittance
Nahida Sultana
Senior Assistant Vice President &
Head of NRB Banking
Prime Bank Limited
Head Office, Dhaka
Ph: +88 02 9565096 (Dir), +88 02 9567265 Ext.302
Mob. +88 01714007892
Fax. 9567808
02. For NRB Banking
Hassanul Zahed
Senior Vice President &
Head of International Division
Prime Bank Limited
Phone: +88 02 9562617,
Mobile: 01714 072049
Fax: +88 02 9567230
 Alternative Delivery Channel
Prime Bank Debit Card
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 Our Subsidiaries
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Prime Exchange Co. Pte Ltd.
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