Remittance Service through SWIFT
Tsedey Bank provides money transfer services through SWIFT. SWIFT is a worldwide financial messaging system that enables Banks to transfer funds in fast and secured way. Tsedey Bank SWIFT Code - TSDYETAA
Remittance Service through International money Transfer Operators
Tsedey Bank works with various international money transfer operators to provide fast and secured money transfer service for its customers.
Foreign Exchange Services
Purchase and Sales of Foreign Currency (F/CY) Cash Notes
- Forex bureau of the Bank buy FCY Cash Notes at the prevailing exchange rate.
- Forex bureau of the Bank also sell FCY Cash Notes for Holiday travel expenses, Business travel allowance, medical expense, Educational expenses and General transfers as per NBE’s Directives and the Bank’s Policies and Procedures.
Foreign Currency Account
Non-Resident Foreign Currency Accounts (NR-FCY)
- Tsedey Bank opens and maintains accounts denominated in foreign currency that provides the Account holders the privilege to instruct transfer of funds abroad without foreign exchange permit.
- Tsedey Bank opens and maintains foreign currency accounts for exporters and frequent recipients of foreign exchange remittance to enable retain all /portion of their export earnings and inward remittances as per the NBE directive.