Remitly, Inc. an international remittance company which was incorporated on October 11, 2011 and based in Seattle in the United States of America. The company is supervised by the Financial Crimes Enforcement Network (FinCEN). The responsibilities of the company include but not limited to:
- Securely transmit orders to FBNBank to process
- Money transfer product regulatory and compliance
- Settles FBNBank in respect of principal payments within 24 hours.
- Payment of commission in respect of the service rendered on its behalf
- Provides a secure real-time monitoring and reporting portal for the service
- Provides portal for compliance monitoring and reporting.
About Remitly
Remitly, Inc. an international remittance company which was incorporated on October 11, 2011 and based in Seattle in the United States of America. The company is supervised by the Financial Crimes Enforcement Network (FinCEN). The responsibilities of the company include but not limited to:
- Securely transmit orders to FBNBank to process
- Money transfer product regulatory and compliance
- Settles FBNBank in respect of principal payments within 24 hours.
- Payment of commission in respect of the service rendered on its behalf
- Provides a secure real-time monitoring and reporting portal for the service
- Provides a portal for compliance monitoring and reporting.
Product Description
Remitly Money Transfer is a digital based remittance service which allows beneficiaries to receive remittances via cash pick-up at any FBNBank branch. It is an affordable, reliable, and fast way to send money to Ghana. The service is expected to help thousands of customers meet financial commitments and support families that depend heavily on remittances flows. The partnership between FBNBank and Remitly is to promote digital remittances in Ghana whilst bringing more people into the financial inclusion bracket.
Features
- Availability – Remittances are available for collection in Ghana Cedis Only. Outward transfer of funds is not permitted under this service
- Accessibility – remittance can be received via bank accounts, mobile money wallets and cash pick-up from any of the FBNBank branches nationwide.
- Convenience – Customers easily receive funds directly to their bank accounts (all banks) and mobile money wallets (across all networks)
- Security- remittances are secure using a security PIN and security question to guard against an unauthorized collection of remitted funds over the counter.
- Personalized – The beneficiaries must be identified by an acceptable identity card i.e., Passport, Ghana Card, Driver’s License, Voter ID and SSNIT Card.
- Dependable support – 24-hour access to support Remitly Money Transfer related complaints through FBNBank’s Services Contact Centre
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