Commercial Bank begins accelerated transfer of funds to the United Kingdom and Europe

Commercial Bank has launched an accelerated funds transfer service that will allow customers to send money to the UK in five minutes and in 21 countries in Europe in less than 24 hours. This service is available to customers using Commercial Bank's Internet banking and mobile banking services. banking application.
Fund transfers to the UK and Europe previously took up to 48 hours. Accelerated GBP service is available 24 hours a day, even on weekends, while euro payments are processed within one business day for transfers made before 14:30 in Qatar, allowing commercial banks to increased convenience of customers.
The same day commercial bank redemption service will be available for transfers to the following countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta , Netherlands, Portugal, Slovakia, Spain,
Norway and Switzerland.
The introduction of this new accelerated fund transfer service to the UK and Europe follows the success of the "Commercial Bank 60-Second Reset Service", which allows Commercial Bank customers to transfer money in India, Pakistan, Nepal, Sri Lanka and the Philippines. In 2018, more than 1.4 million transactions were recorded for this service.
Amit Sah, General Manager (Consumer Banking) at Commercial Bank, said, "Services such as our 60 second fundraising service have been a huge hit with our clients. Given its popularity, we intended to continue to launch more services that would allow faster remittances to other countries around the world.
"The United Kingdom and Europe are popular destinations for remittances made by residents of Qatar. As a result, the launch of this new accelerated payment will further enhance our service offering to all Qatar customers. We will continue to add new countries to our accelerated payment network based on the needs of our customers. "
The introduction of this new service in the United Kingdom and Europe further strengthens Commercial Bank's position as a leader in digital banking in Qatar.
In 2018, at the Asian Banker Awards for Excellence in Services, Commercial Bank was named "Best Product and Fund Transfer Service of the Year for the Middle East", in recognition of its service transfer of funds at the forefront of the market.