Through SIBL Branches:
Social Islami Bank has a country wide network in Bangladesh. The bank has at present 150 branches (Urban & Rural) / SME centers across the country. All the branches are connected online through Centralized Core Banking Software and remittance beneficiaries are able to receive cash from any of the branches within minutes. Through direct API integration we are able to credit any SIBL beneficiary account instantly.
Through Agent Banking Outlets & Associate Bank Branches:
We also have a strong Remittance Settlement/ Payout Network with different associate Banks (All Branches of Bangladesh Commerce Bank)** & Agent Banking outlets which cover wide and remote locations throughout the country. Presently 95 Agent Banking Outlets for disbursing foreign Remittances on Cash-over-Counter mode. Bank management has the plan to extend its Agent Banking locations to 150 by the year 2019.
BEFTN: Bangladesh Electronic Fund Transfer Network:
Through the use of Bangladesh Electronic Fund Transfer Network (BEFTN), we can credit beneficiary accounts of any branch of any bank within 24 hours after receiving the remittance instruction. In most cases beneficiary account is credited the next business day. SIBL uses Extended BEFTN processing hours in order to provide same day other bank Account Credit sent from certain Geographic area like USA & Canada.**
**Available for selected Exchange Houses only.