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

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

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.

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 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

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.

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

NAHIDA SULTANA
SAVP & Head of Remittance
International Division
Simpletree Anarkali (Level-7)
89 Gulshan Avenue, Dhaka - 1212
Ph: +88 (2) 55068681 +88 (2) 55068721 (Ext 787)
Mob. +88 01714007892
E-mail: nahida.sultana@primebank.com.bd