BoC unveils foreign remittance promotion

Customers who send foreign remittances through the Bank of Ceylon could win three times of the amount remitted by them, in addition to what they have remitted through BoC Triple Wasi promotion.

With the banks foreign correspondent network comprising over 750 correspondent banks and over 101 exchange houses around the world, customers can get their money remitted to Sri Lanka speedily, securely and conveniently for their loved ones or to their own accounts, a bank spokesman said.

Customers who receive foreign remittances through the Bank of Ceylon can obtain the money through any of its 627 branches or any of its 521 ATMs across the country. Customers receiving remittances to their foreign currency accounts, rupee accounts or over the counter through a secret PIN number are entitled for this draw. BoC's Head Office Personal branch at Colombo Fort is kept open 24 x 7 to provide banking services to customers.

The first phase of the Triple Wasi draw will be held for remittances received from April 5 to May 15, the second draw from June 1 to July 31 and the final draw from October 1 to December 31.

The Bank will disburse Rs.12.5 million among 125 winners during these three draws. The prize money will be up to a maximum of Rs.100,000 for each winner. Apart from the Bank's own BoC Smart-remit system, customers can send money through SWIFT, Money Gram, Ez-Remit, Xpressmoney, Ria, Prabhu money and Sigue to any BoC account, to any other bank account or to obtain cash over the counter.

Deputy General Manager, International, Treasury and Investment, S.M.S.C. Jayasuriya said, "As a part of the Bank's digital transformation the bank has upgraded its system that all remittances received for BoC accounts will be credited to the account real-time and other bank remittances will be forwarded to the respective banks immediately.:

"The Bank also notifies the recipient of the money through an SMS alert as soon as the money is received at the bank," he said.