Remittances Service
Different types of remittance services to cater to your specific needs.
International payments
- Swift code for BIBD: BIBDBNBB
* This should be used whenever funds are sent from overseas to BIBD accounts. SWIFT or BIC (Bank Identifier Code) codes should be used on all international payments to identify a particular bank or financial institution.
Transaction Limits
The following are transaction limits for transfers and remittances using NEXGEN Online & NEXGEN Wallet, they apply for Interbank Transfers (via ACH or RTGS) or Telegraphic Transfer.
- Interbank Transfer via ACH & RTGS.
- NEXGEN Online. (for all BIBD customers excluding PERDANA)
- B$10,000 limit per transaction.
- B$50,000 limit per day.
- NEXGEN Online. (for PERDANA customers)
- B$25,000 limit per transaction.
- B$100,000 limit per day.
- NEXGEN Wallet.
- B$2,000 limit per transaction.
- B$5,000 limit per day.
- NEXGEN Online. (for all BIBD customers excluding PERDANA)
- Telegraphic Transfer.
- NEXGEN Online.
- B$50,000 per transaction.
- B$200,000 limit per day.
- NEXGEN Wallet
- B$50,000 per transaction.
- B$100,000 limit per day.
- NEXGEN Online.
Required Documents
- Original identity card or passport.
- Completed Remittance form.
Terms and Conditions
You may refer here for the Remittance Terms & Conditions.
Features
Cashier's Order
Local currency payment facility in the form of a Banker’s cheque
Inward Remittances
Local currency clearing facilities
Telegraphic Transfer
Facility provided for electronic transfer of funds to accounts located
Demand Draft
Foreign currency payment facility in the form of a Banker’s cheque
Outward Bills for Collection
Foreign currency clearing facilities
Quick Links
Al-Ajr
Refers to the service provided by the Bank with an imposed fee.