Siddhartha Bank Limited (SBL) provides a wide range of remittance services to its customers, some of which are as follows:

DEMAND DRAFT

Demand draft is a cheque drawn by a bank on its own branches or on its correspondent banks' branches. At SBL, customers can easily remit funds to beneficiaries outside Nepal through demand drafts. Customers may choose drafts of American Express (AMEX) or Standard Chartered Bank (SCB) for remitting US Dollars to almost any country in the world and Commerz Bank for Euro. Customers may use drafts of AMEX, SCB or ICICI bank for remitting funds in Indian Rupees to almost every corner of India.
(For list of major correspondent banks: www ..... .)

TELEGRAPHIC TRANSFER (TT)

Telegraphic Transfer (TT) is a method where two banks exchange test keys to ensure authenticity of the messages between them. SBL has test key arrangements with various international banks. At SBL, customers may use this service to remit/ receive funds.

SWIFT

Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the safest and most secured method of sending/receiving messages from different banks across the globe. SBL has a wide SWIFT arrangement with renowned banks such as AMEX, SCB, ICICI, Mashreq, and Commerz, just to name a few. At SBL, customers may use this service to remit and/or receive funds, efficiently and securely, to/from various parts of the globe. This is the most trusted and widely used method of correspondence among banks.
(For list of major correspondent banks: www ...... )

WESTERN UNION MONEY TRANSFER

Western Union Money Transfer is one of the most accepted methods of remitting funds by Nepalese working outside the country. SBL is also a service provider of Western Union. At SBL, all customers, a/c holders or none, can receive funds remitted by their relatives and friends from different parts of the world within minutes without any hassle.

SALE/PURCHASE OF FOREIGN CURRENCY

At SBL, all customers, a/c holders or none, can sell or purchase major foreign currencies namely US Dollars, Euro, and Pound at the prevailing exchange rates.

TRAVELERS CHEQUES

Traverles Cheques (TCs) are cheques of well-known international financial institutions, which are easily accepted in hotels, shops, restaurants, banks and universities all over the world. TCs are considered safer than money, therefore, are very popular among international travelers. Some of the well-known issuers of TCs include AMEX, SCB, Visa, Mastercard, and Citicorp. At SBL, customers can purchase TCs of AMEX. We, at SBL, purchase and sell TC at very competitive rate.

MANAGERS CHEQUES

Managers Cheques, which are issued for local payments, are widely accepted. At the request of our customers, we issue Managers Cheques to make payment locally.