OREANDA-NEWS. February 11, 2008. UzPromStroyBank now provides Uzbekistan Express money remittance services on the territory of Uzbekistan, the bank's press service said.

An Uzbekistan Express remittance service is express transfer of cash to any location within Uzbekistan (where the bank is present) not requiring the opening of a deposit account.

The client making the remittance is charged a fee charged for the service according to the rates approved by the Board of the bank. The funds for transfer are accepted only in the form of cash.

The remittance is paid out to the beneficiary within three banking days. If the remittance is not picked up within the said period the sum is automatically transferred to the demand deposit account.

The minimum sum accepted for remittance is 5,000 soums, and the maximum is not limited. The approved commission rates are: for the transfers of 5,000-250,000 soums – 4% of the sum; for 250,001-500,000 soums – 3,5%; for 500,001-1 million soums – 3%; for 1,000,001-5 million – 2,5%; for 5,000,001 and above – 2% of the sum.

For additional services (notification of the remittance beneficiary about the arrival of the transfer) the bank charges additional commission in the amount of 0,5% of the sum of transfer.

The remittances are accepted and given out through the savings banks at UzPromStroyBank Offices. In order to send a remittance the sender needs to present a passport or another ID and fill
in the "remittance application" form.

When receiving a remittance the beneficiary is required to present a passport or another ID and fill in the form on receipt of remittance.