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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 and UDDIPAN.
TT Remittance: Payment instructions received through tested e-mail/secured internet system by NRB Operation unit under Cash Management Operation, Operations Division, Head Office, execute payment instructions, credit the same to the beneficiaries account maintained with Prime Bank Branches and also execute third banks payment.
Web-based remittance: Web-based payments executed from all our branches and from BURO Bangladesh branches & UDDIPAN branches
 Major Strengths of Prime Bank Foreign Remittance Service
a. Remittance Distribution Network
Prime Bank’s existing network of 146 locations throughout the country
Under a sub-representative agreement with Prime Bank, 750 branch locations of BURO Bangladesh and 310 branches of UDDIPAN are making instant cash payment of remittances to the beneficiaries
Strong agency arrangement with Sonali Bank Limited, Janata Bank Limited, Islami Bank Bangladesh Limited & Pubali Bank Limited for distribution of foreign remittance of PBL Subsidiaries
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
Dedicated NRB Operation unit under Cash Management Operation, Operations Division at Head Office for faster processing of remittances claims and complaints. Automation has increased the efficiency of NRB Operation Unit 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 146 branches): Instant A/C credit
BURO Bangladesh (750 outlets): Same working day
UDDIPAN (310 outlets): Same working day
Third Bank’s customer: Following 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 650 branches of 309 banks located in 73 countries.
Prime Bank maintains 36 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 33 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
g. Dedicated contact point for Government Incentive on Wage Remittance
Contact Person: Mr. Md. Iftekhar Hossain, FAVP, CCC, Operation Division, Head Office.
Mobile # 01711988869 Email ID #
 Contact Details
NRB Banking: For Remittance Business Development & Drawing Arrangements
Khandaker Mujahidul Islam
Vice President & Head of NRB Remittance
Simple Tree Anarkali (Level-3)
89 Gulshan Avenue, Dhaka- 1212
Tell: +88 0255068721-2, Ext: 333
Cell +88 01408 827876
02. Financial Institutions
Syed Faisal Omar
Senior Executive Vice President &
Head of Financial Institutions
Prime Bank Limited
Simple Tree Anarkali (Level-3)
89 Gulshan Avenue, Dhaka- 1212
Tell: +88 0255068721-2, Ext: 372
Cell: +88 01730 097256
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