Commercial Bank's money transfer services to Saudi

The Commercial Bank of Ceylon (CB) has expanded its Instant Money Transfer Service for the benefit of Sri Lankans working in Saudi Arabia.

CB said it will also deploy banking officers in Saudi Arabia to assist its growing Sri Lankan customer base, with their diverse financial needs.

The money transfer service can be obtained via the Bank's representatives in Saudi Arabia, the Al Rajhi Bank, Arab National Bank, National Commercial Bank and Al Bilad Bank.In addition to sending money to Sri Lanka, customers can also open local and foreign currency accounts and enjoy other services offered by the bank. CB's Deputy General Manager - Operations Sanath Bandaranayake said: "Our money transfer service became very popular among Sri Lankans employed in foreign countries when it was introduced a few years ago.

The positive response we received from our service expansion in the Middle East led us to widen access to Saudi Arabia as well.

It will enhance our support to workers in Saudi Arabia who remit substantial revenue to our country." CB's money transfer service, known as 'e-Exchange' locally and in most of the Middle Eastern countries, is a sophisticated yet low cost real time on-line money transfer facility which is available to remitters through a network of agents in over 50 countries.

Receivers can collect their money from any of CB's 185 branches and 385 ATMs. More than 40 of these branches are open on public and mercantile holidays.

This facility allows users to transfer money to a person, to a CB account and any other Bank account.