DBS Remit will provide guaranteed exchange rates and no service fees for the over 200,000 migrant workers from Bangladesh who now work in Singapore and want to send funds in their home country.
DBS Remit also ensures real-time automated deposits to Brac Bank accounts and any other bank account in Bangladesh. For remittances deposited to a Brac Bank account, customers can use the mobile app Astha to pay for loan installations, utilities, insurance, credit card and phone bills, as well as transfer funds to any other bank account or mobile wallet in Bangladesh.
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