Seylan Bank signs up with Korea Exchange Bank

Remittance service for Lankan migrant workers:

Seylan Bank entered into a business co-operation agreement with Korea Exchange Bank (KEB), to provide a special and unparalleled remittance service for Sri Lankan migrant workers.

The Korea Exchange Bank, a leading Bank in Korea provides specialised services for migrant workers. As per the co-operation agreement reached, the Korea Exchange Bank will offer remittance services through their 326 branch network and over 9,000 ATM outlets.

Sri Lankan migrant workers to Korea can enrol with this scheme through the Seylan Bank’s office at the Foreign Employment Bureau and enjoy a host of remittance services jointly offered by the Seylan Bank and Korea Exchange Bank.

Migrant workers who sign up can open an NRFC account with Seylan Bank and an Interest Bearing Savings Account with the Korea Exchange Bank.

The account holder will have several options of remitting money to Sri Lanka at any branch of Korea Exchange Bank and apply for a TT remittance. Mobile phone remittance (called “Korean Dream phone” service) - Pre-arranged remittances through designated accounts of remitter and beneficiary (called “Easy One” service).

ATM remittance service-overseas money transfers with Cheque card/Debit card.

Monies wil be credited to the beneficiary’s account within 24 hours at the lowest remittance fee. The “Korean Deam Phone” remittance service offers a very high level of convenience and will be the cheapest mode to remit money to Sri Lanka.

The Seylan-KEB arrangement provides the migrant worker a free mobile phone (LG) on a very low call rate package with the feature of remitting money, a cheque/debit card to operate the account and effect remittances through the ATM. The transactions could be carried out in Sinhala or English.

Ceylinco FastCash, the brainchild of Seylan’s Founder Chairman, Dr Lalith Kotalawela offers a secure, reliable and a speedy remittance service.