City Bank offers 2pc extra on Malaysian remittance

City Bank has announced that it would provide Bangladeshi migrants in Malaysia 2 per cent of whatever they send home as remittance on top of the 2.5 per cent provided by the government as an incentive. 

The offer will be effective from October 23 and will continue for three months.

The opportunity can be availed using City Bank's subsidiary CBL Money Transfer Sdn Bhd which has offices in Kuala Lumpur and Malacca alongside through a "City Remit" app specifically designed for the purpose.

Aziz Al Kaiser, chairman of the bank, made the announcement launching the app in Kuala Lumpur on Sunday, said a press release. "City Remit" also enables money transfers to India, Nepal, Pakistan, Indonesia, the Philippines, Sri Lanka and Vietnam.

Md Golam Sarwar, Bangladesh's high commissioner to Malaysia, and Mashrur Arefin, managing director of the bank, were present.