Request Letter to Bank for Foreign Remittance

When drafting a request letter to a bank for foreign remittance, clarity and politeness are key. Provide all necessary details such as the account number, recipient's details, amount, and purpose of remittance. Ensure compliance with bank guidelines and rules.

Table of Contents:

Sample Request Letter for foreign remittance

To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)

Date: __/__/____ (Date),

Subject: Request for foreign remittance

Respected Sir/ Madam,

Most respectfully, my name is _______ (Name) and I hold a ________ (Savings/ current) bank account in your branch bearing _______ (Account number).

I am writing this letter to request you for making a foreign remittance of ________ (Amount). I am making this payment to _________ (Name). The purpose behind this payment is _______ (Reason of payment). The details are mentioned below:

Name: _________ (Receiver’s Name)
Account number: _________ (Receiver’s Account Number)
Swift Code: ___________ (Swift code)
Purpose: __________ (Purpose details)

I request you to kindly guide me with the procedure in this regard. I ensure that the payment is done is as per the guidelines and rules issued by your bank. I shall be highly obliged for your kind support. In case, any query arises, you may contact me at ________ (Contact number).

Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)

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FAQs

  • What information should be included in a request for foreign remittance?
    • Include details such as the amount, recipient's name, account number, purpose of payment, and Swift code.
  • Why is compliance with bank guidelines important in foreign remittance requests?
    • Compliance ensures that the transaction follows legal and regulatory requirements, reducing the risk of fraud or improper handling.
  • How can I ensure the safety of a foreign remittance transaction?
    • By providing accurate information, adhering to bank guidelines, and verifying recipient details, you can help ensure the security of the transaction.
  • What should I do if I encounter any issues with a foreign remittance request?
    • Contact the bank promptly to address any concerns or issues encountered during the remittance process.
  • Is it necessary to mention the purpose of payment in a foreign remittance request?
    • Yes, specifying the purpose helps the bank understand the nature of the transaction and ensures compliance with regulations.

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