This activity encompasses all kinds of money transfers to and from Nib international Bank. Money transfer processes are classified into the following two major classifications.
This refers to remittances to be received in favor of beneficiaries who are in Ethiopia. These transfers may take one of the following forms:
- Bank to Bank transfers.
- Any fund transfer through SWIFT NIBIETAA
- Remittance Service Providers, currently we are working with Western Union, Express Money, Golden, Dahabshill, Trans Fast, Ria, Money Gram and Hodan Money Transfer.
This refers to remittances in favor of beneficiaries who are abroad. These transfers may take one of the following forms:
- Bank to Bank Transfer.
- Payment for Education, Membership, Training, Medical, Insurance etc.