Remittance Registration Account |
Our remittance registration account is perfect for those who only need to send money transfers to India. When you open an account today, you can send remittances easily and receive money generally within a few hours.Features
• No minimum balance required • Debit card not issued for this account • Check writing not available for this account • Only available online • eStatements required1 • Get 50 paisa better with your first online transfer up to $3,000* using promo code WELCOME50
1A $5 fee will be imposed every month if the account holder does not authorize an eStatement. *An account with SBIC is required to send remittance. Promotion applies to SBIC’s standard exchange rate. Promo code is redeemable online only, applicable once and cannot be combined with another offer. For accounts opened online, the remittance limit is $25,000.00 per day and $50,000.00 per month. For accounts opened at one of our branches, the limit is $50,000.00 per day. Online remittances above $35,000.00 may take up to 1 to 2 additional business days to receive credit in beneficiary account. Mobile remittance limit is $25,000.00 per day and $50,000.00 per month. SBIC makes money when it converts one currency to another for you. The exchange rate provided to you is set by SBIC in its sole discretion, and it includes a markup. For further information about terms and conditions, see the Terms and Conditions of Your Account and Personal Banking Schedule of Fees, call toll-free 1.877.707.1995 or visit a location near you. |
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