Remittances

TradeBank provides reliable remittance services for making international payments swiftly and securely. Whether you're sending funds to a foreign supplier or transferring money across borders for other business needs, our remittance services offer the flexibility to make payments in a variety of currencies. The transferred amounts are directly debited from your account, ensuring seamless and timely transactions that support your global operations.

Documentation Required for Remittances:

1. Remittance Request Form: Completed and signed form specifying the amount, currency, recipient details, and payment instructions.

2. Company Registration Documents: Copies of the company’s articles of incorporation and registration with relevant authorities.

3. Invoice or Payment Order: Documentation such as an invoice or official payment order related to the international transaction.

4. Bank Account Details: Information about the account from which the funds will be debited, including currency and account balance confirmation.

5. Proof of Transaction Purpose: Documentation detailing the purpose of the remittance, such as a contract, purchase order, or service agreement.

6. Tax Compliance: Proof of tax registration and compliance, such as VAT number and tax clearance certificate.

7. Personal Identification: Copies of ID documents for company directors and authorized signatories.

8. Currency Exchange Agreement: If applicable, an agreement outlining the exchange rate and currency conversion terms.

9. Bank References: Letters from banks confirming your creditworthiness and financial stability.

10. Customs Documentation: If the remittance is for goods, provide proof that the goods have been cleared by customs (if applicable).

11. Insurance Policy: Insurance coverage for the goods or services being paid for, if required.

12. Authorization Letters: If the remittance is being made on behalf of another party, provide authorization letters or powers of attorney.

This documentation ensures that TradeBank can process your international remittances accurately and efficiently, allowing you to manage your global payments with confidence, regardless of the currency involved.