Telegraphic Money Transfers (Inward TTS)

A secure way of remitting funds of substantial amounts payable to a specific bank Account.

Send large sums of money instantly

These is the electronic transfer of funds in and out of the country.

Product Features

  • Electronic transfer of funds in the country
  • Processed in USD, EUR, NGN, KES, GBP, & Zar,
  • Funds are credited to the beneficiary between 1-3 working days from the date of wiring (the transaction)
  • Inward Transfer charges as per the bank tariff guide
  • Funds received can be returned in case of failure to receive due diligence confirmation from correspondent bank or KYC report from the domicile branch within five working days
  • Funds received with incomplete details that don’t tally with the bank records are returned on the same day

 

 

Benefits

  • No cash handling risks
  • Fast, safe and reliable
  • Facility convenient for movement of large sums of funds
  • No Risk of forgeries as no cheque issuance is involved
  • Worldwide coverage

Requirements

  • Beneficiary MUST be an account holder
  • Beneficiary should avail sender with full correspondence details, i.e. beneficiary name, beneficiary a/c number, SWIFT code of the bank and correspondent bank details depending on the country of origin
  • Beneficiary should provide customer remittance confirmation copies on request through the branch

 

Send money in and out the country today

Visit any UBA branch closer to you to get your money transferred out the country in no time. For more information call 0800100030 (Toll free) WhatsApp 0780142329 or email cfcuganda@ubagroup.com

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