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Farooq

Foreign Exchange Remittances

HomeBusinessForeign Exchange Remittances

International Banking - Foreign Exchange Remittances

  • Incoming Transfers

    BIB provides reliable and efficient incoming transfer services through its wider ranging correspondent Banking network and foreign money transfer companies.

  • Outgoing Transfers

    BIB makes foreign currency transfers to foreign beneficiaries on behalf of local customers against foreign exchange permit approved by the Bank.

    Outgoing transfers are made only via SWIFT or Demand Drafts.

  • Foreign Checks

    BIB Cashes or negotiates foreign checks/bills (such as Drafts, Checks drawn on foreign banks, Travelers’ checks. etc.).

    The Bank handles foreign checks on the bases of outward bills purchased (OBP) or outward bills for Collection (OBC).