Telegraphic Transfer:

• The Yemen Gulf Bank has contact with a world bank's. So, remittances are issued through the Bank's correspondents that have a worldwide coverage.

• Outward remittances are issued as per an application submitted by the person requesting the issuance. The application specifies the requested amount, the beneficiary's name and address or bank account number, and the name of bank and branch, if available.

• The Bank allows for executing periodic outward remittances in specified amounts and dates upon fixed instructions from its clients.

• The Bank applies the SWIFT correspondence system, which is an advanced, speedy, accurate, confidential and secure system.

• Branches receive inward remittances and payment orders from branches and other banks for payment to their respective beneficiaries either in cash or by crediting their accounts.

• Commission is levied by the Bank for its inward and outward remittances, in accordance with the applicable laws and regulations in each area.