![]() The Bangladesh central bank warned that local banks can be fined for not following the correct procedure on remittance incentives. Please speak to the local bank branch manager if the incentive is not added. However, this is entirely dependent on branch policy and usually takes 2-3 weeks to be processed and ready to withdraw from the beneficiaries bank account. The additional 2.5 % may be added to your transaction instantly by the local bank in Bangladesh. When do the recipients receive the additional 2.5% ? How much do you pay to send We will simply charge a small of the exchange rate. We also have rolling limits applicable every 30, 90, and 365 days. If you send 600,000 Taka in a single transaction and are employed, your recipient in Bangladesh will need to provide a copy of your passport and a letter confirming your employment status in order to receive the 2.5% incentive. The maximum amount you can send via Taptap Send for a single transaction is AED 8,500. If you send over 500,000 Taka and do not wish to benefit from the 2.5% incentive, no documents are required.Į.g.: If you send 100,000 Taka, your recipient in Bangladesh will receive 102,500 Taka. If employed, an appointment letter from the employerĢ.b If self-employed, the business license They receive the additional 2.5% every month.įor transfers below 500,000 Taka, no documents are requiredįor transfers above 500,000 Taka, the beneficiaries will have 5 days to submit a copy of the following documents:Ģ.a. Yes, there are no limits to the number of transfers that can benefit from the 2.5% initiative.Į.g.: Every month, you send money to your family in Bangladesh. This applies to all transfer methods offered by TapTap Send (bank transfers and mobile transfers through BKash)Į.g.: If you send 100,000 Taka, your recipient in Bangladesh will receive 102,500 TakaĬan the 2.5% initiative be used numerous times? The recipient in Bangladesh will receive the extra 2.5% from their bank in cash or into their bank accounts. ![]() encourage bringing in remittances through legal channels.Īll transfers to Bangladesh will automatically benefit from the 2.5% incentive.remove the burden of increased expenses in sending remittances.The Bangladeshi Finance Minister AHM Mustafa Kamal outlined two main reasons for this: Taptap Send will continue to offer you NO FEE money transfers and we have NO plans to introduce transfer fees.A new initiative has been launched by the Government of Bangladesh, whereby all direct transfers into the country will receive an additional 2.5% straight to the recipient's account. The 1.5% e-levy will only apply to MoMo or bank transfers made within Ghana to other people and to some merchants. If your loved ones or family withdraw the money you send them at a MoMo agent or bank, they will not be charged the e-levy. It will also not be applied to cash withdrawals from MoMo agents or banks. It will not be applied to international money transfers from Taptap Send. ![]() On the 1st of May, the Government of Ghana will implement the new e-levy law on MoMo and bank transfers within Ghana. Unfortunately, we cannot modify nor refund Bank Transfers, it is really important for you to double-check all the relevant info before checking to whom you are sending money. Please contact us from your registered email address at: Transfers If you made a mistake with the phone number, please get in touch with us so we can review the situation with you. If you sent money to the wrong person or to the wrong number, what can you do? You can send funds up to the maximum limits permitted by our standard sending policies. You can see this info also directly in the app.Īs soon as your recipient gets the transfer you will receive both an SMS from Taptap Send about the delivery of funds and one from his local bank. Friday local time after 2pm would be received Monday. Recipients will typically see transactions hit their bank account the same day if sent before 2pm local time and next day if funds are sent after 2pm local time. Select "bank transfers" and review the drop-down menu. See the list in the app by attempting a transfer, right after entering your recipient's details. You can send a bank transfer to many banks in Ghana. We will simply charge a small % on the exchange rate and will not charge any extra fees at all. How much will you pay to send money to Ghana? You can send money to a Mobile Money wallet with MTN, Airtel Tigo, Voda Cash and Zeepay or via bank transfers.
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