Bank of Maldives (BML) has reportedly introduced international money transfer services through their Mobile Banking Application.
Furthermore, the national bank of the island nation testifies that their mobile banking app will allow customers to transfer money to international accounts up to USD3,000 per day.
With the service introduction, customers with USD accounts at BML can transfer money to several international banks without interventions or added time consumed between transfers. Moreover, international money transfers are subject to a fee according to the bank.
As per BML, for transfers between USD50 to USD500 a fee of USD5 will be incurred and transfers ranging between USD500 to USD1000 will incur a fee of USD8 while a fee of USD12 is subject to transfers ranging between USD1000 to USD3000.
