Send Money from Canada to State Bank Mauritius, Mauritius

State Bank Mauritius, Mauritius

State Bank Mauritius (SBM) was established by the Government of Mauritius in 1973 under the name State Commercial bank. The SBM group comprises the bank (SBM) and its affiliate companies in Kenya, India, Madagascar, and Mauritius.

With its headquarters in Port Louis, Mauritius, SBM is one of the top banks in Mauritius. With 40 branches in Rodrigues and Mauritius, the bank employs more than 1,532 staff. Government, international, business, and private clients are among its clients.

Over the years, some of the awards the bank has won are,

  • Best Bank in Mauritius- Global Finance Magazine.

  • Best Private Banking and Wealth Management- International business magazine.

  • Best Retail Bank- Global Banking and Finance Review Magazine.

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How to Send Money to State Bank Mauritius

It is now easier to send money from Canada to Mauritius. Here is our easy process for doing that.

  1. Download the RemitBee app from the Apple App Store or Google Play Store to get a free account, or go to our website.

  2. Specify your full name, place of employment, and mailing address. Verify your phone and email addresses.

  3. Ensure the accounts' names match before sending the receiver the recipient's bank information and account number.

  4. Check the exchange rate and the transfer amount. Select the receiving method.

The Information You’ll Need to Complete the Transfer

Before sending any money, you must give the following details to RemitBee:

  1. Include the transfer's purpose and the estimated payment sum.

  2. The account number of the recipient (the names on the accounts should match).

  3. Include the recipient's full name and contact info (phone, email, residential address).

  4. IBAN, BIC (Business Identifier Code), or SWIFT may be required, depending on the country.

Benefits of Sending Money Directly to State Bank Mauritius

Direct transfers of funds from Canada to State Bank Mauritius have several benefits, such as:

  • RemitBee will fully refund you for any fees paid if the money you sent does not reach the recipient.

  • Your information and money are secure with us because we rigorously adhere to Canadian and international security requirements.

  • Depending on where they are, your recipient can choose how to get the money. RemitBee provides cash delivery, pick-ups, and bank deposits.

  • You can choose a less expensive option to send money abroad. Most banks charge substantial transfer fees.

How International Money Transfers Work
To connect with the receiving bank over the SWIFT network, the sending bank uses IBAN or BIC. Some companies, such RemitBee, allow you to make transfers online.

In comparison to other money transfer service providers, you'll find that our transfer fees are low and fair. You will have to pay a modest fee if your transfer amount is less than $500.

Use our service to send money to all major banks in Mauritius

How Remitbee calculates the CAD to MUR Exchange Rate

Our app or website will provide the exchange rate information before you begin your transfer. We can provide you with the best conversion rates since we regularly monitor currency rates.

Once you are happy with our exchange rate, you can use RemitBee to send money to your recipient.

Check our refer and earn program!

Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.
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Frequently Asked Questions

You should always exercise extreme caution when disclosing personal information online, including your bank account, address, and phone number.

Remitbee and other international wire transfer firms know the risks and concerns of having your identity or money stolen. As a result, we apply the most strict security measures, and nearly impossible to crack encryptions for all transactions.

When you send money with us, we promise that your financial details and personal information are secure.

How much money you can send overall will depend on your verification level. We are actively working on adding a fourth level, even if only three exist. Here is a list of the three levels.

  • 1st level: You can send up to 50 CAD daily and 500 CAD monthly.

  • 2nd Level: Permits monthly transactions of up to 25,000 CAD and daily transactions of up to 3,000 CAD

  • 3rd level: Your daily and monthly transfers are now limited to 9,000 and 50,000 CAD, respectively.

    Higher sums than level three are at our fourth level.

We are accredited by the Better Business Bureau's Online Reliability Program. The Financial Transactions And Report Analysis Center of Canada (FINTRAC) oversees RemitBee and conducts audits of it.

You can follow your transaction on the Remitbee app or website once you log in and visit the Transaction History tab.

We communicate with you via email on the progress of your transactions.

Download Remitbee Mobile App

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.
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