Bank Asia offers charge-free remittance solutions for UAE expats

Bank Asia recently partnered with RAKBank, one of the most dynamic institutions of the UAE banking sector, to offer instant money transfer solutions to Bangladesh.

RAKBank's RAK Money Transfer (RMT) services, a real-time money remittance service, now facilitates money transfer to Bank Asia accounts within minutes and any other bank in Bangladesh within 24 hours, according to a press release sent to media.   

Leveraging the latest technology, this new instant remittance solution to Bangladesh will be free of charge until June 30.

Customers can send money to their families back home quickly, providing them with the support they most definitely need throughout this health crisis.

Bank Asia President and Managing Director, Md Arfan Ali said, "We are happy to partner with RAKBank to offer this new instant remittance solution to our expats. This solution is going to mark a new chapter in the history of remittance payment in our country. Considering the Covid-19 pandemic, we have jointly waived remittance charge to help our expats send money easily to their beloved families back home."

"We want to bring peace of mind to the Bangladeshi expat community in these challenging times by offering them a unique and comprehensive remittance solution via the Bank's RMT services. In line with our strategy of placing our customer's needs at the core, this solution empowers the Bangladeshi expats to instantly and securely send money back home to Bangladesh in just a few simple clicks through our award-winning digital banking app, with no hidden fees and at competitive rates," RAKBank CEO, Peter England, said.