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Outward Remittance

Send outward remittances easily to anywhere in the world through our wide network of correspondent banks.

  • Making payment for Trade Services
  • Making payment for Non-trade Services

Key Benefits

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Fastest way to transfer money to overseas
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Same day processing

More Information

  • Customer need to submit an application for fund transfer along with required documents to MTB.
  • MTB will process the transaction on the same day.
  • Up to USD 20,000.00 – USD 25.00
  • Above USD 20,000.00 – 0.125% on transaction amount (Minimum: USD 25.00)
  • SWIFT Charges – USD 10.00 per transaction
  • Cancellation, Amendment and any query – USD 20.00

Remark:

  • All these charges and commissions are collected in USD and any related currency will affect the equivalent amount in USD.
  • Any charges and commission of other currency transactions are converted to USD based on the rate determined by the bank.

Main Requirement to transfer from Other Countries

  • MTB SWIFT Code – MYTOMMMY (or) MYTOMMMYXXX
  • Applicant A/C Name and A/C Number
  • Beneficiary A/C Name & A/C Number, Phone number and Full Address
  • Remittance Information

For Trade Transaction:

  • Declaration letter for inward amount
  • Export declaration (ED) (Post Shipment)
  • Shipping Documents (Post Shipment)
  • Proforma invoice (Pre-Shipment)For Non Trade Transaction:
  • Declaration letter
  • Related documents for inward payment