Money Transfer Solutions
Exim Bank we partner with 3 money transfer services: Western Union, MoneyGram, and Xpress Money transfer services under these agents are available mainly to individuals and there is no requirement for the sender or receiver to have an account with the bank. We facilitate a secure way to send and receive money to and from your loved ones worldwide, and we ensure that your money gets to where its needed quickly.
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Electronic Funds Transfer
This is a payment system that transfers funds from one account to another between financial institutions within a quick period. It targets bulk payments to various entities i.e. salaries and utility payments.
It is composed of two types:
- Debit Transfers Upon the customers request, their account is debited with funds and then transferred to another account in another financial institution.
- Credit Transfers Upon the customers request, the customers account is credited with funds that are received from the customers debtors following an agreement independently arranged between the customer and his debtors.