Phnom Penh (FN), Aug. 16 – Chief (Cambodia) Commercial Bank Plc has announced the expansion of its international remittance services, offering a more accessible and secure way for customers to transfer money globally. Leveraging the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, Chief Bank aims to provide a reliable and efficient solution for both outward and inward remittances.

The bank’s International Outward Remittance service allows customers to transfer funds directly to beneficiaries' bank accounts worldwide. This service is available in USD, with a commission rate of 0.15%, subject to a minimum charge of USD 20.

Additionally, customers will incur a cable charge of USD 15, while any amendments to the transaction will attract a fee of USD 30. This service is tailored for individuals and businesses seeking a fast and secure method to conduct international transactions.

An Attractive Option For Customers Expecting International Payments
To facilitate the process, Chief Bank has provided an Outward Remittance Application Form, which customers can download from the bank’s website. The form must be printed, filled out with the required details, and submitted at any Chief Bank branch to complete the transaction.

In addition to outward remittances, Chief Bank offers an International Inward Remittance service through the SWIFT network, which enables customers to receive funds from overseas. The service is also available in USD, with a commission rate of 0.05%, subject to a minimum charge of USD 5. Notably, there is no cable charge for this service, making it an attractive option for customers expecting international payments.
For customers to utilize the Inward Remittance service, they must hold an account with Chief Bank. The bank requires certain mandatory information for incoming funds transfers, which must be provided to the remitter or sender.

Simplify Cross-Border Transactions For Chief Bank Customers

Soeung Morarith, Chief Executive Officer of Chief Bank, commented on the service expansion: “Our focus is on providing our customers with secure and efficient banking services that cater to their global financial needs. The SWIFT network is recognized worldwide for its reliability, and by offering these remittance services, we aim to simplify cross-border transactions for our customers, whether they are sending or receiving funds.”

He added, “We understand the importance of swift and secure financial transactions in today’s interconnected world. With the expansion of our international remittance services, we are ensuring that our customers can conduct their business and personal financial activities with confidence.”
Chief Bank’s commitment to enhancing customer experience is further reflected in its emphasis on security and efficiency. By integrating with the globally recognized SWIFT system, the bank is ensuring that all transactions are conducted with the highest standards of safety.

Customers interested in these services are encouraged to visit the nearest Chief Bank branch for further assistance. The bank continues to prioritize customer satisfaction by offering services that align with their financial needs and expectations. Find out more here.

Please watch the video of International Remittance: https://youtu.be/Rd46r4rmPWY?feature=shared
Facebook: https://www.facebook.com/ChiefCambodiaBank
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