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To send money to the Bank of Namibia through Remitbee Money Transfer, you will need to follow these steps:
Go to the Remitbee website and create an account.
Verify your identity by providing the required documents.
Select the option to send money to Namibia.
Enter the recipient's bank account information, including the bank's name (Bank of Namibia) and the account number.
Enter the amount you want to send and choose a method of payment (such as a credit or debit card).
Review and confirm the transaction details.
Once the transaction is complete, the funds will be transferred to the recipient's bank account at the Bank of Namibia.
It is important to keep in mind that Remitbee and your bank may apply fees and exchange rate markup. It is always advisable to read the terms and conditions and check the fees and exchange rate before sending the money.
To complete a Remitbee money transfer to the Bank of Namibia, you will typically need to provide the following information to wire transfer to a bank account:
Your personal information: This includes your name, address, and contact details.
Recipient's information: You will need to provide the recipient's name, address, and contact details, as well as their bank account information, including the bank's name (Bank of Namibia), SWIFT Code, and account number.
Payment information: You will need to provide a method of payment, such as a credit or debit card.
The amount you want to send: You will need to specify the amount you want to send in Canadian dollars (CAD) or Namibian dollars (NAD)
Purpose of the transfer: Some money transfer service providers may ask for the purpose of the transfer.
Identification: You may be asked to provide a government-issued ID or passport to verify your identity.
Before a money transfer from Canadian dollars (CAD) to Namibian dollars (NAD) can be completed, the following processes are taken:
Instructions for the transfer are sent from the sender's bank to the recipient's bank.
Any fees related to the transfer are charged, such as currency conversion fees or transfer fees.
One of the banks involved in the transfer will determine the current exchange rate for CAD to NAD.
The money is then transferred between the sender and recipient's bank accounts through the SWIFT network.
Once the funds have been transferred, and all relevant fees have been paid, the transfer is approved and completed.
It's important to note that the process may vary depending on the bank and the country you are sending from, and the destination country. Additionally, fees and exchange rates may vary, so it's always best to check with the bank before making a transfer.