Remittance Service

Overview

Machhapuchchhre Bank Limited brings to you ‘MBL REMIT’, a web-based remittance system that enables customers to receive money from around the world.

1. MBL REMIT

MBL REMIT is an efficient, real-time online remittance processing system that can easily be accessed through online application, enabling fast and convenient money transfers.

MBL recognizes remittance as a pivotal part of its consumer banking service. To meet the evolving needs of customers, the bank introduced its own remittance service under the name of MBL REMIT, with the support of domestic and international partners. 

2. Managers’ Cheques (for local payments):

MBL provides Manager’s Cheques to customers for secure payments and fund transfers. The Bank also issues these cheques to meet its own financial commitments, including those related to customers’ remittance funds. Manager’s Cheques remain valid for six months from the date of issue.

3. Demand Drafts (for payments in India & abroad):

At the request of its customers, MBL also issues demand drafts. 

The Bank currently maintains draft drawing arrangements with the following correspondent banks:

4. SWIFT Transfers:

Using MBL SWIFT Code, customers can transfer funds in most major currencies through our network of correspondent banks across the Middle East, Europe, East Asia, and more.

 For MBL SWIFT transfer request, provide:

Beneficiary Name: ……………………………

Beneficiary Account No: ……………………………
SWIFT Code: MBLNNPKA

SWIFT - Society for Worldwide Interbank Financial Telecommunications is the most reliable fund transfer system widely used across the world. The worldwide network of MBL’s

Correspondent Banks is listed below: 

5. Agency-based Remittance Service

MBL has been putting a lot of emphasis on the proper channelizing of funds from different parts of the world to Nepal. MBL has established relations with the following Exchange Houses for this purpose.

• International Money Express IME - www.imeremit.com.np
• Prabhu Money Transfer - www.prabhumoneytransfer.com.np
• Western Union Money Transfer - www.westernunion.com
• City Express Money Transfer - www.ctxpress.com
• Moneygram - www.moneygram.com
• Himal Remit
• CG Money Remit Pvt. Ltd - www.cgmoneyremit.com

MBL sets strong agency partnerships with a range of remittance service providers in Nepal. It regulates efficient fund delivery across an extensive network of branches, extension counters, and Branchless Banking (BLB) agents.

MBL’s agency-based remittance services ensure global connectivity by enabling customers to receive funds conveniently, regardless of location.

6. MBL’s International Remittance Partners: