Transfers Up To USD 150,000 For Free Now Available At Wing Bank
Wing Bank (Cambodia) Plc is offering a cost-effective remittance solution that empowers customers to send up to USD 150,000 monthly to a number of Asian countries with zero transfer fees, making it easier than ever to support loved ones and build stronger connections across the border.
Han Peng Kwang, CEO of Wing Bank, said, “Our zero-fee offer demonstrates our commitment to delight our customers by easing their financial burdens and providing seamless support for our customers, whether for supporting family members, organisations, or businesses.”
“This special offer incurs no additional remittance cost, thus easing the financial burdens for all users,” Han emphasised.
Through the Wing Bank App, individuals, including expatriates residing in Cambodia, can now seamlessly and conveniently send money to anyone in China, Thailand, Philippines, India, South Korea, Malaysia, Indonesia, and Singapore. This service is available on a 24/7 basis.
This exclusive offer is available only until the end of 2024, presenting a reliable and affordable option for customers who seek to transfer substantial funds across borders.
To benefit from this remittance solution, senders must complete the Know Your Customer (KYC) verification process using the Wing Bank App and transfer at least USD 500.01 per transaction. The service permits transfers of up to USD 5,000 per day, and a maximum of USD 150,000 per month.
Sending funds through the Wing Bank App is a straightforward process. Users simply need to open the app, navigate to the "World Transfer" section, select the desired country destination and eligible partner, specify the amount, provide minimal receiver information, and confirm the transfer.
Wing Bank has established strategic partnerships with many esteemed financial institutions, ensuring the security, confidentiality and safety of every cross-border transaction.
Notable eligible partners for this special offer include Weixin (Tencent) for China, Kasikornbank (K Bank) for Thailand, Tranglo for India, Singapore, Malaysia, and Indonesia, EMQ/Cebuana for the Philippines, as well as Global Money Express (GME) and E9pay for South Korea.
According to the Ministry of Labour and Vocational Training, Cambodia currently hosts over 270,000 foreigners who hold 161 nationalities and work in various different sectors.
It should be noted that daily and monthly transfer limit policies in Cambodia are determined and set individually by each bank.
This press release was supplied.