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NRB BANKING & FOREIGN REMITTANCE DIVISION

Jamuna Bank PLC is one of the fastest growing private commercial Banks in the country having wide Branch & Associate network throughout the Country. All the branches are running with real-time Online and ATM facilities to settle their transaction from remote areas. We have dedicated NRB Banking Division to ensure personalized services to the valued customers at branch & Head Office Level.

We have an admirable Remittance Tie-up with a good number of world renowned Exchange Houses and Banks throughout the World to facilitate the Remittance services to the Beneficiaries. We also handle outward remittance services. The outward Remittance includes FC Cash & wire Transfer through SWIFT. The Inward Remittance products are over the counter payment (OTC), JBL Account Credit, 3rd Bank Account Credit, Mobile Financial Services (MFS) through bKash , Nagad & wire Transfer through SWIFT etc. We have a strong Remittance Settlement Network with different associate Banks & BEFTN /RTGS/NPSB/Nikash facilities with all the commercial Banks operating in Bangladesh, which cover about 11,500+ remote locations besides our 277 branches, 48 Agents, 9 associate Banks, 348 owned & over 10,000+ shared ATM installations throughout the country.

Remittance plays a major role contributing to economy in terms of foreign currency reserve, as there is a great deal of disproportion between export and import business. Also inward remittances constitute around 7% of Bangladesh’s total GDP. The incomes through remittances are invested for food, non food expenditure, durable and other expenses for the purchase of land. Almost 13 million Bangladeshi citizens living abroad for working purpose are sending money which is a significant source of global income along with garments industry. Saudi Arabia has been the largest source of remittances since 1980s followed by United Arab Emirates, Oman, Qatar, Singapore, Bahrain, Kuwait, Libya, Iraq, Malaysia and United Kingdom.

Our main purpose is to cater to the needs of NRBs & their beneficiaries offering different deposit products and services. Prioritizing the needs of NRBs, we are in process to offer different personalized products & services by establishing JBPLC own Exchange Houses in different Countries like UK & Spain. To serve the NRBs in the best possible manner, Jamuna Bank PLC has deployed NRB community consultants in Exchange Houses around the globe. They encourage potential customers to use legal channels to remit their money to the loved ones as well as to invest their savings in the productive sectors.

JBL Remittance

Jamuna Bank continues to do business with several well-known international money transfer companies and had achieved remarkable achievement regarding the inward foreign remittance, such companies are:
List of Exchange Houses :
Serial No. Name of exchange houses Country of Establishment Offered Services
1 Aftab Currency Exchange Ltd, Europe United Kingdom Instant Cash , Bank Deposit, Bkash & Nagad Payment
2 Al-Ansari Exchange LLC, Global United Arab Emirates Instant Cash & Bank Deposit
3 Al-Bader Exchange, UAE United Arab Emirates Bank Deposit
4 Al-Zaman Exchange, Qatar Qatar Instant Cash & Bank Deposit
5 iFAST Global Bank Limited, UK (BFC Bank  Bharian) United Kingdom Instant Cash & Bank Deposit
6 Cash Plus Co.,  Seychelles Seychelles Bank Deposit
7 Continental Exchange Solutions INC  (RIA),Global United State of America Instant Cash & Bank Deposit
8 Instant Cash FZE, Global United Arab Emirates Instant Cash & Bank Deposit
9 Kuwait Asian Int’l Exchange Co W.L.L, Kuwait Kuwait Bank Deposit
10 MoneyGram Payment Systems Inc. USA, Global United State of America Instant Cash & Bank Deposit
11 National Exchange Co SRL ITALY ITALY Instant Cash & Bank Deposit
12 NEC Money Transfer-EUROPE United Kindom Instant Cash & Bank Deposit
13 Placid NK Corporation, Global United State of America Instant Cash & Bank Deposit
14 Pragati Exchange, UAE United Arab Emirates Instant Cash & Bank Deposit
15 Redha Al Ansari,  UAE United Arab Emirates Instant Cash & Bank Deposit
16 Mastercard Transaction Services (US) LLC (Trans-Fast Remittance LLC), Global United State of America Instant Cash & Bank Deposit
17 Trans-Fast Remittance Spain (Only Spain) Spain Instant Cash , Bank Deposit & bKash Payment
18 UAE Exchange Centre, Kuwait Kuwait Bank Deposit
19 WesternUnion Money Transfer, USA,Global United State of America Instant Cash
20 Worldwide West 2 East (Sha Global), Europe United Kingdom Instant Cash & Bank Deposit
21 Sunman Global Exchange Corp United State of America Instant Cash & Bank Deposit
22 Terra Payment Services (Mauritius) Mauritius Instant Cash , Bank Deposit, Bkash & Nagad Payment
23 KMB International MoneyTransfer, UK United Kingdom Instant Cash & Bank Deposit
24 Eastern Exchange Company Qatar Instant Cash & Bank Deposit
25 Japan Remit Finance Japan Instant Cash , Bank Deposit, Bkash & Nagad Payment
26 Money Link (UK) Ltd. United Kingdom Bank Deposit
27 X Press Money Services Limited Global United Kingdom Instant Cash & Bank Deposit
28 Zenj Exchange Co. W.L.L., Bahrain Bahrain Instant Cash
Charts Below show the comparative analysis of last five years foreign remittance receipt of Jamuna Bank PLC.

Fig: Inward remittance Volume from 2018-2022