Speed Money Transfer
Speed for money transfer is a service provided by CAC Bank for costumers to send and receive their money locally and externally through a modern, secured and automated system. Customer can execute transfers within short moments from our send/receive points of service (branches – offices – subagents) distributed around Yemen and abroad in the Gulf countries, Jordan, Djibouti and will cover the entire world in the near future through various financial transfer companies.
Service Features:
- Competitive and very low commission rates.
- Fast and easy to send/receive transfers from any point of service (branch - office - agent) spread throughout Yemen.
- A wide network of branches, offices and subagents covering the whole country.
- A wide network of banks and exchange companies abroad covering the Gulf countries, Jordan, Djibouti and the entire world.
- Sending an SMS message notifying the customer with the sequence number of transfer.
- Long working hours to facilitate service from 8 am - 7 pm; the agents' continue opened till 9 pm.
- The possibility to send transfers collectively in a batch at the same time, and send SMS messages to all beneficiaries with the sequence numbers of transfers.
- The possibility to credit the incoming transfers to customer’s accounts with the bank.
Terms and Documents required to Send/Receive a Transfer:
To send a Transfer:
- Visiting the nearest branch or office of CAC Bank, or one of the subagents contracted with the bank.
- Filling & signing in and the application form to transfer money and providing the personal valid ID card.
- Pay the exact amount to be sent along with fees to the transfer’s officer in the branch, office or subagent.
- Signing the send note of sending the transfer.
- The sender age must be bigger than 18 years old.
To receive a Transfer:
- Visiting the nearest branch or office of CAC Bank, or one of the subagents contracted with the bank.
- Filling in the application form to receive the transfer and mentioning transfer number, beneficiary’s name, the country of transfer, the amount transferred and sender’s name.
- Signing in the application form and providing a valid original personal ID.
- Signing in the receipt note of transfer and recounting money before departure.
- The receiver age must be bigger than 18 years old.
FAQs
Yes, You can receive your transfers from all CAC bank branches and offices.
Yes, it is possible, but at the moment it is temporarily suspended due to the current circumstances in the country.
It can be sent to countries that we have partners in and Speed is concted with.
Yes, we have many agents and you can receive the transfer from them.
The maximum amount that can be accepted is one million YER, by condition of writing the purpose of transfer and the relationship between sender and receiver.
40 days, if the beneficiary didn’t receive the money, the system suspend the transfer automatically.
No, it is required to bring your original electronic identity.
No, it is required to bring your original electronic identity.
You can find them on our bank's website www.cacbank.com.ye
Also, you can contact us on the following numbers: 01538901/ 01538903 / 01538920 to find out the nearest agent.
No, you can’t, the real beneficiary must attend himself/herself to receive the money or you have to get an official authorization attested by the court to receive the transfer.
The commissions differ by the amount of transfer; commissions are segmented into batches and updated periodically according to the needs of the market of remittances.
