Prime Remit

Prime Remit, an international money transfer service on our Mobile banking app – Prime Mobi, will enable our customers send money to selected destinations across continents, as well as receive incoming money from worldwide destinations.
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CHARGES

Dest. Country CUR Payout type Coverage Charges
Australia AUD Bank payout All Banks USD 2.5 per transaction + 0.5% x Send Amt
Canada CAD Bank payout All Banks USD 2 per transaction + 0.5% x Send Amt
India INR Bank payout All Banks USD 1 per transaction + 0.5% x Send Amt
Malaysia MYR Bank payout All Banks USD 1.1 per transaction + 0.5% x Send Amt
Malaysia MYR Wallet payout TnG USD 1.1 per transaction + 0.5% x Send Amt
SEPA countries EUR Bank payout All banks in the 47 countries USD 1.2 + 0.5% Send Amount/KES 156 + 0.5% Send Amt
Tanzania TZS Wallet payout Airtel, Vodacom, Halotel, AzamPesa, TTCL USD 1.1 per transaction + 0.5% x Send Amt
Tanzania TZS Bank payout All Banks USD 1.1 per transaction + 0.5% x Send Amt
UK(GBP) GBP Bank payout All Banks USD 1.2 per transaction + 0.5% x Send Amt
UAE AED Bank payout All UAEFTS Banks USD 5.8 per transaction + 0.5% x Send Amt
Uganda UGX Bank payout All Banks USD 1.1 per transaction + 0.5% x Send Amt
Uganda UGX Wallet payout MTN, Airtel, FlexiPay USD 1.1 per transaction + 0.5% x Send Amt
USA USD Bank payout All banks USD 1.6 + (0.1% x Send Amt) per transaction + 0.5% x Send Amt
China CNY Bank payout All Banks (via UnionPay) USD 3.2 per transaction + 0.5% x Send Amt
China CNY Wallet payout AliPay USD 3.2 per transaction + 0.5% x Send Amt
Dest. Country CUR Payout type Coverage Charges
Australia AUD Bank payout All Banks USD 2.5 per transaction + 0.5% x Send Amt
India INR Bank payout All Banks USD 1 per transaction + 0.5% x Send Amt
Malaysia MYR Bank payout All Banks USD 1.1 per transaction + 0.5% x Send Amt
Malaysia MYR Wallet payout TnG USD 1.1 per transaction + 0.5% x Send Amt
SEPA countries EUR Bank payout All banks in the 47 countries USD 1.2 + 0.5% Send Amount/KES 156 + 0.5% Send Amt
UK(GBP) GBP Bank payout All Banks USD 1.2 per transaction + 0.5% x Send Amt
UAE AED Bank payout All UAEFTS Banks USD 5.8 per transaction + 0.5% x Send Amt
China CNY Bank payout All Banks (via UnionPay) USD 3.2 per transaction + 0.5% x Send Amt
China CNY Wallet payout AliPay USD 3.2 per transaction + 0.5% x Send Amt

FREQUENTLY ASKED QUESTIONS (FAQs)

Prime Remit is a mobile based app service for international funds transfers being offered by Prime Bank on the Mobile App – PrimeMobi.
Prime Remit is a real-time 24/7 service, offering fast, convenient, and cost-effective means of remitting money internationally.
Prime Remit is very secure with a two-layered access control on PrimeMobi, via Login Pin and Transaction Pin. Also, the transmission of data between Prime Remit and Bank is via secure channel.
Not all International Banks are integrated with Prime Remit. However, you can remit money to any bank in selected countries as displayed on the PrimeMobi App.
You can send payments by accessing the Prime Remit menu on the PrimeMobi App.
Currently, only Customers who have registered on PrimeMobi can access the Prime Remit platform.
The Bank has maintained the following transaction limits for all Prime Remit remittances: Transaction Limit: USD 5,000/ or equivalent Daily Limit: USD 5,000/ or equivalent
As per CBK regulation any transaction under USD 10,000/ does not require supporting documents, however the bank retains the right to ask for any documentation required to assess the transaction bona fides.
The charges are based on the destination and vary from USD 1 to USD 6 with an additional charge of 0.5% on send amount. The charge will be calculated based on the USD rate of the day at the point of transaction.
The rate for Prime Remit transactions would be the rate available in the App at the time of carrying out the transaction.
Recipient will receive the funds on near real time basis however this will vary on the TAT defined for the corridor/country.
The Bank will credit the funds immediately upon receipt.
The funds will be credited immediately the Bank receives confirmation of failure of the transaction.
In case of transaction failure, the principal amount and charges will be refunded back to the Customer account.
Charges to the recipient will vary depending on the recipient`s bank.
Currently, only bank customers are allowed to use Prime Remit service.
Prime Remit is only for individual customers who are registered on PrimeMobi.
You can add as many beneficiaries as you wish. In case of any challenges with beneficiary addition/deletion/modification, please contact the Bank through our call centre.
At the moment this feature is under development.
Andorra
Austria
Australia
Belgium
Bulgaria
China
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
French Guiana
Germany
Gibraltar
Greece
Guadeloupe
Guernsey
Hungary
Iceland
India
Ireland
Isle of Man
Italy
Jersey
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Malaysia
Martinique
Mayotte
Monaco
Netherlands
Norway
Poland
Portugal
Reunion
Romania
Saint Bathelemy
Saint Martin
Saint Piere and Miquelon
San Marino
Slovakia
Slovenia
Spain
Sweden
Switzerland
The United Arab Emirates(UAE)
The United Kingdon
The Vatican State