Sampath Bank International Money Transfer allows individuals to send and receive money across the globe with ease and convenience. With a secure, fast and reliable service, Sampath Bank makes it easy for customers to send money abroad to family, friends or business partners. This article will provide an overview of the transfer service and its benefits, as well as the various options available to customers. If you want to know more about Sampath Bank International money transfers, features of Sampath Bank international money transfer, and much more then Keep Reading!
Must Read: Things to Consider When Transferring Money Abroad
About Sampath Bank
One of the leading banks of Sri Lanka, Sampath Bank offers a broad range of international money transfer services. Sampath Bank helps customers to send and receive money to and from anywhere across the globe. These services help customers to pay bills, transfer money to family and friends, and purchase goods or services.
Sampath Bank features an easier and more convenient transfer process and an option to choose from an array of different currencies such as US dollars, British pounds, and Euros, and can even track their money transfer using the bank’s online tracking system. Further Sampath Bank also offer additional services such as foreign exchange services, traveller’s cheques, and more making the process of international money transfers more efficient and cost-effective.
Also, Read; Which International Bank Account Student Should Consider in 2023?
Features of Sampath Bank International Money Transfer
As mentioned above Sampath Bank offers an array of beneficial services. Some of the important features of Sampath Bank International Money transfer are as follows;
- One of the major features of Sampath Bank is its fast and secure international money transfers. In addition to this bank offers same-day transfers with its partners eliminating the requirement to wait for a few days or weeks for the arrival of funds.
- Other than fast transfers, Sampath offers competitive transfer fees which also makes it a cost-efficient option for customers seeking international money transfers.
- Sampath Bank money transfer allows customers to send money in various currencies such as Sri Lankan Rupee, the US Dollar, the Euro, and more. This helps to send money to different countries across the globe without worrying about currency fluctuations.
- One of the major concerns when making international money transfers is security. Thus Sampath Bank international money transfer has evolved to be a secure transfer using encryption technology.
Transfer Fees
Since sending money overseas is a process that requires consideration as well as planning, one of the most important things is to consider fees associated with Sampath Bank. There are several types of international money transfer services offered by Sampath Bank, including Express Money, Xoom, and Western Union. However, each of these services has its own associated fees.
Furthermore, No matter which service you choose, all transfer fees are competitively priced and transparent. For example, when sending $500 USD to India via Express Money, the total fee is $15 USD. Similarly, when sending $500 USD to India via Xoom, the total fee is $20 USD. With Western Union, the fee depends on the payment method used, with fees ranging from $6 USD for bank account transfers to $25 USD for cash payments.
Exchange fees
When it comes to international money exchange, Sampath Bank provides a variety of options. Depending on the amount of money you need to transfer, you can choose from a variety of services. The bank offers both online transfers and in-person transactions.
For online transfers, Sampath Bank charges a flat fee of Rs.100 plus a 0.2% commission on the amount being transferred. For example, if you were transferring Rs.10,000, the fee would be Rs.100 plus a 0.2% commission, which would be Rs.20. This fee does not apply to any additional transfers.
For in-person transactions, Sampath Bank charges a 1% commission on the amount being exchanged. For example, if you are exchanging Rs.50,000, the commission would be 1%, which would be Rs.500. This fee is applicable to any additional transactions.
In addition to the fees mentioned above, Sampath Bank charges a currency exchange rate of 0.3%. This fee applies to all transactions, regardless of the amount being exchanged.
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How To Transfer Money Using Sampath Bank?
Now one of the major steps is to know the process of Sampath Bank international money transfers. So here is the process involved in transferring money internationally with Sampath Bank. All you are required to do is to follow the simple steps given below;
Step 1: Register for International Money Transfer
The first step is to register for Sampath Bank International Money Transfer. You will need to visit your nearest Sampath Bank branch and fill in the relevant application form.
Step 2: Select your Currency
Once you have registered, you can select the currency you wish to send. Sampath Bank supports a wide range of currencies, including US dollars, euros, British pounds, Australian dollars and many more.
Step 3: Enter the Recipient’s Details
Next, you will need to enter the recipient’s details, including their full name, address and bank account details. You will also need to provide the Money Transfer code that was issued to you upon registration.
Step 4: Make the Payment
Once you have entered all of the required information, you can make your payment. You can do this at any Sampath Bank branch, or you can make the payment online via the Sampath Bank website.
Step 5: Track your Transfer
Once the payment has been made, you can track the progress of your transfer. Sampath Bank provides a secure and easy-to-use tracking system, which allows you to view the status of your transfer at any time.
Must Read: List Of International Money Transfer Companies
FAQs
Ans. Sampath Bank charges a fee of $25 USD per international transfer.
Ans. Sampath Bank’s international money transfer feature allows you to transfer money to bank accounts in more than 30 countries around the world. The money is sent instantly and securely, with the option to track and trace the transfer.
Ans. The money will be transferred instantly in most cases. However, the time taken for the money to be received may vary depending on the destination country and the banking system.
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