BisB maintains a very big network of correspondents covering most of the world. This network facilitates the execution of all outward remittances and their fast receipt by their respective beneficiaries. In the absence of any correspondent bank in the country of destination, remittances will be issued directly to the beneficiary’s bank at the responsibility of the client.
Outward remittances are issued as per an application form submitted by the client. The application contains the remittance currency, amount, beneficiary's name, beneficiary's account number, bank name, Swift code, Sort code, IBAN number or the bank address and the reason of the remittance.
The Bank allows for executing periodic outward remittances in specified amounts and dates upon fixed instructions from the client.
The Bank applies the SWIFT system, which is advanced, fast, accurate, confidential and secured. All inward remittances and payment orders are received from the correspondent / non correspondent banks will be credited to the client account after variation / confirmation that our account has been credited by the correspondent.