1. Domestic Transfers

CAB Bank allows customers in one location to transfer or receive money to or from the same or different locations. With our domestic transfers, you can experience a fast, easy, and safe service with lower fees.

Fee

Benefits

• Safe & Secure
• Reduce risk for transferring physical cash
• Cost – Effective: Lower fees

Requirement:

Outward Remittance

• Sender must have an account with CAB Bank
• Beneficiary Details: Bank name, Account Number and Full Name
• Purpose of Fund Transfer
• Sufficient Balance: must have enough funds to cover the transfer

Inward Remittance

• Receiver must have the valid account at CAB Bank
• Accurate information: Name and account number must match to avoid rejection

2. Banker’s Cheque

A Banker’s Cheque is a type of banker’s draft or cashier’s cheque acquired by a customer for the purpose of making payments/transfers to a third party, or for depositing into another local bank.

Fee

Benefits

• Safe Payment
• Guaranteed by Bank

Requirement

• Valid ID
• Banker’s Cheque request form
• Signature verification

3. Bakong

CAB Bank is one of the Bakong members. CAB bank has integrated Bakong into the CAB Bank Mobile App, which allows users to make transactions between different banks and financial institutions using a mobile app.

Fee

Benefits

• Instant payment across banks
• Convenience with the QR Code
• 24/7 Availability
• Safe and Secure
• Real time to receive money

Requirement

Outward Remittance

• Outward Remitter shall have an account with CAB Bank
• Receiver shall hold an account with any local commercial banks

Inward Remittance

• Receiver must have the valid account at CAB Bank