| What
is it?
An
Internet based Instant Money Transfer Facility that enables
Sampath Bank Customers and Non Customers to receive money
within seconds from any of our agents abroad.
All our Branches
including Savings Units are designated as service outlets
for all our web based systems.
There are three
types of payments in Sri Lankan Rupees.
1. Over the counter payments at branches
2. Credits to Sampath Bank Accounts
3. Credits to other Sri Lankan Commercial Banks through
SLIPS (Sri Lanka Interbank Payment System).
Credits can also
be accommodated in US Dollars to NRFC and RFC Accounts maintained
at Sampath Bank or Other Banks.
Who is eligible?
Any person who is in possession of a valid Photo Identity
Document is eligible. At present, we use the system only
or receive remittances from abroad and any person can use
it at an agent location abroad. The remittance will be subject
to the laws and regulations applicable in that country as
well as in Sri Lanka.
How
it works?
- Sender will pay the amount to be remitted and the charges
to the agent in the foreign country giving the details of
the beneficiary.
(Full Name and the Number of Photo ID - National
ID Card Number, Driving License Number, Passport Number, etc.).
- The
Remitter will be given a Reference Number by the Sending Agent
to be conveyed to the Beneficiary.
- The
Sending Agent will enter the details to the respective system,
which could be accessed simultaneously by Sampath
Bank.
- Beneficiary
can collect the funds from any branch by producing the Reference
Number and Identification papers.
What
are the benefits?
- Instantaneous money transfers from a large number of countries
across the world.
- Relatively cheaper and reliable than other methods commonly
used.
- Secure system with an added protection to the beneficiary
with the use of a secret code (PIN).
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