Should be 18 years and above to utilise Cargills Bank Remittance services.
There is no minimum Remittance transaction value.
5% discount applies for a maximum purchase of Rs. 10,000 per withdrawal at any Cargills Food City outlet (applicable for 7 Days starting from the day of the remittance transaction).
1.What is Cargills Bank Remittance Service ?
This service will allow to transfer money to account of beneficiaries of Cargills Bank and other Banks or enable beneficiaries to collect cash at one of the Cargills Bank Branches. Also beneficiaries can collect cash through more than 370 Cargills Food City outlets island-wide. Transactions can be performed from 8.00 AM – 10.00 PM 365 days of the year and enjoy 5% discount on the purchases at Cargills Food City outlets against the remittance received. (Terms & Conditions apply)
2.Are there any transaction limits and fees applicable for Cargills Bank Remittance?
You can receive maximum amount of Rs 5.0 Mn as remittance through Cargills Bank and we do not charge any commission from beneficiaries.
3.What are the benefits of Cargills Bank Remittance service?
4.Can I send money to a bank without having a bank account?
Yes. Beneficiary will receive the remittance in cash form.
5.Is it important to declare the purpose of the funds being sent to Sri Lanka?
Each overseas entity has its own KYC (Know your customer) / AML (Anti-Money Laundering) requirements and the transactions have to be as per the permissible modes and purposes.
6.I have a remitting business, how can I engage with Cargills Bank?
Please send the below details to firstname.lastname@example.org or email@example.com. We will get in touch with you ASAP.
7.I am a foreign national, can I send money to Sri Lanka?
8.Are there any taxes on Remittance?
9.What is the turnaround time (TAT) to receive remittance in Sri Lanka through Cargills Bank Remittance service?
Its Online-Real time.
10.What conversion rates will be applied on remittance?
The same conversion rates will be applied at the time of sending the remittance. Sender needs to confirm the rates with the affiliated bank or Exchange Company at the time of sending the remittance