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Export Service
Import Service
Remittance Services
Guarantee Service
Financial Institutions

About Remittance Services

(1) Inward Remittance

MTB Bank’s Inward Remittance Service offers a secure and efficient way to receive international funds. With our strong correspondent banking network and the SWIFT system, you can count on timely and reliable transactions.

Trade Inward Remittance Required Documents
  • Company Application: Letter issued on the company’s official letterhead.
  • Commercial Invoice: Both original and copies.
  • Packing List: Both original and copies.
  • Country of Origin Certificate: Both original and copies.
  • Bill of Lading: Shipping document from the carrier.
  • Export Declaration: Customs export declaration form.
  • SGS (Sea Guarantee Service): Document ensuring the cargo’s compliance and safety.

Non-Trade Inward Remittance Required Documents
(Capital Bought In, Working Capital, Investment, Commission Fees, Rental Fees, Donation Fees, Worker Remittance (Sea Farer)

  • Company Application: Letter issued on the company’s official letterhead.
  • CBM / MIC / DICA Approval: Original and copies of the approval permit.
  • Company Registration: Copy of the company’s registration.
  • Company Extract: Copy of the company’s official extract.
  • Repayment Schedule: Original and copies of the repayment plan.
  • Contract: Copy of the contract agreement.
  • Invoice: Original and copies of the invoice.
  • Organization’s Application: Letter issued on the organization’s official letterhead.
  • Donation Proof: Documentation showing the donation nature (Original and copies).
  • Appointment Letter: Official letter of appointment.
  • Contract: Copy of the signed contract.

(2) Outward Remittance

MTB Bank’s overseas money transfer service ensures timely and reliable international transactions. Transfers to banks within MTB Bank’s network typically take 1 to 3 working days, while transfers to non-network banks may require up to 5 working days.

Trade Outward Remittance Require Document

  • MTB Bank TT Form: Original form for the Telegraphic Transfer (TT) transaction.
  • Company Application: Letter issued on the company’s official letterhead.
  • Import License / Non-License Proof: Original and copy of the import license, or proof of non-licensing.
  • Import Declaration / Release Order: Original and copy of the import declaration or release order.
  • Commercial Invoice: Original and copy of the invoice detailing goods or services.
  • Bill of Lading (BL) / Airway Bill / Cargo Receipt: Original and copy of the transport document for shipment confirmation.
  • Packing List: Original and copy detailing the contents, weight, and packaging of the shipment.
Non-Trade Outward Remittance Require Document
  • Application Form
  • Cover Letter with Company Letter Head for Company Account
  • Supporting documents (Invoice, contract, agreement, etc.… depends on purpose of remittance, for example – Education fee, Consultant fee, Tour fee, Freight charges and salary payments).
(3) Worker Remittance 

MTB Bank’s Worker Remittance service provides a fast and secure way for overseas workers to send money home, ensuring timely delivery to their families. With competitive exchange rates and low fees, more of your hard-earned money reaches loved ones. Our global reach allows transfers from anywhere in the world, supported by convenient online and mobile banking options for easy, hassle-free transactions. This service plays a vital role in supporting families, covering essential expenses like education and healthcare, while also boosting local economies through increased household spending.