Send Money from Canada to Agricultural Bank of Namibia
Agricultural Bank of Namibia
The bank is owned by the Government of Namibia and has been in operation for over 25 years. The Agribank Act No. 5/2003, which has been amended, establishes the legal guidelines for governing the bank's operations and allows for the bank to adapt to evolving circumstances in order to conduct its business effectively.
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To make a SWIFT transfer from Canada to Agribank of Namibia using Remitbee, you will need to:
Create an account with Remitbee.
Verify your identity by providing the required documents for a first-time transfer.
Add a funding source, such as a bank account or credit card.
Initiate a new transfer and select SWIFT as the transfer method.
Enter the recipient's bank information, including the SWIFT code for Agribank of Namibia.
Select the purpose of the money transfer from the menu options.
Review and confirm the details of the transfer, including the exchange rate and fees.
Submit the transfer for processing.
Please note that the documents provided will have to be verified in accordance with the requirements of FINTRAC Canada.
Additionally, Remitbee offers competitive exchange rates that can save you money on your transfer. The transfers are also fast and efficient, ensuring that your money reaches the recipient quickly.
Remitbee also ensures the safety and security of your transfer and provides a tracking feature that allows you to see when the recipient has received the funds.
Sending money directly to a bank account eliminates the need for the recipient to pick up the money at an agent's location, making it more secure and convenient.
Remitbee may also have lower fees and better exchange rates for bank transfers, making it a cost-effective option compared to other money transfer options.
To complete a money transfer to the Agricultural Bank of Namibia using Remitbee, you will likely need the following information:
The name of the person or business you are sending money to.
The bank account number where the funds will be deposited.
The bank name and SWIFT code where the recipient's account is held (Agribank Namibia)
An email address and phone number where the recipient can be reached.
Your full name, address, contact information, and a valid form of identification, such as a passport or ID.
Information about the payment method you will use to fund the transfer, such as Interact, credit, or debit card.
All transfer fees are used to cover costs associated with sending money through banks or organizations like Visa or Mastercard.
By using our fees calculator, you can determine our costs. For transactions of 500 Canadian dollars or more, using the Remitbee wallet or the EFT payment method is absolutely free
Send money to all major Banks in Namibia
The process of international money transfer typically involves converting the sender's currency into the recipient's currency, which is known as currency exchange. The exchange rate, CAD to NAD, is calculated by one of the banks. This can be done at a bank or through an online currency exchange service. The recipient can then receive the funds in their local currency, either through a bank deposit or in cash at a location of the recipient's choice.
International money transfers via the SWIFT network are subject to regulations and laws of the countries involved and may also be subject to fees and exchange rate fluctuations. It's important for the sender and recipient to be aware of the regulations and fees associated with international money transfers before proceeding with the transaction.
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