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Money transfers

How to receive money transfer

Cash withdrawal fees

How to send money

Money transfer fees

How to receive money transfer

In order to receive money transfers, a legal entity should open an account with GCB. For this purpose a client should come to the bank, obtain bank's essential elements (SWIFT ID, account numbers with correspondent banks, etc.) and to pass the essential elements to money sender. Name of the legal entity-beneficiary and its account number have to be indicated in payment orders. In order to withdraw money, a legal entity should and pay cash withdrawal of GCB

Cash withdrawal fees

How to send money

In order to make a money transfer, a company representative should come to bank, deposit amount of transfer to company's account, (for money transfers in local currency Cedi deposit a necessary amount of money to his/her account and pay money transfer fee of GCB

Money transfer fees for individuals

In US dollars
Transfers in USD with option OUR (correspondent bank(s) charges are at the expense of remitter)
Next Day Value OGMT	0.4% + USD 30 for SWIFT; minimal commission - USD 45
Same Day Value OGMT	0.6% + USD 30 for SWIFT; minimal commission - USD 45
Transfers in USD with option BEN (correspondent bank(s) charges are at the expense of beneficiary)
Next Day Value OGMT	0.2% + USD 20 for SWIFT; minimal commission - USD 30
Same Day Value OGMT	0.4% + USD 20 for SWIFT; minimal commission - USD 30
Guaranteed OUR option OGMT	standard commission + USD 20
Transfer in USD through Commerzbank, Germany	tariffs for money transfers in EURO are applied
In Ghanaian Cedis
Next Day Value OGMT	0.2% + USD 20 for SWIFT; minimal commission - USD 30
Same Day Value OGMT	0.3% + USD 20 for SWIFT; minimal commission - USD 30
In EURO
Transfers in Euro (EUR) with option our in favor of the accounts of the beneficiaries in banks, as per the attached list (correspondent bank(s) charges are at the expense of remitter)
Next Day Value OGMT	0.3% + EUR 25 for SWIFT; minimaum commission - EUR 40
Same Day Value OGMT	0.5% + EUR 25 for SWIFT; minimaum commission - EUR 40
Transfers in Euro (EUR) with option our in favor of accounts of the beneficiaries in banks of other countries(correspondent bank(s) charges are at the expense of remitter)
Next Day Value OGMT	0.4% + EUR 25 for SWIFT; minimaum commission - EUR 50
Same Day Value OGMT	0.6% + EUR 25 for SWIFT; minimaum commission - EUR 50
Transfers in Euro (EUR) with option SHA
Next Day Value OGMT	0.2% + EUR 20 for SWIFT; minimaum commission - EUR 30
Same Day Value OGMT	0.4% + EUR 20 for SWIFT; minimaum commission - EUR 30
Transfers in Euro (EUR) with option BEN (correspondent bank(s) charges are at the expense of beneficiary)
Next Day Value OGMT	0.1% + EUR 20 for SWIFT; minimaum commission - EUR 25
Same Day Value OGMT	0.3% + EUR 20 for SWIFT; minimaum commission - EUR 25
Transfers in Foreign Currencies in favor of customers of Demir Kazkhstan bank paid through DKB
Next Day Value OGMT	0.15% + USD 20 for SWIFT; minimal commission - USD 30
Same Day Value OGMT	0.2% + USD 20 for SWIFT; minimal commission - USD 30
In other foreign currencies
Next Day Value OGMT	0.6% + USD 30 for SWIFT; minimal commission - USD 80
Same Day Value OGMT	0.8% + USD 30 for SWIFT; minimal commission - USD 80
Processing of SWIFT Payments through Demir-Halk Bank if compete IBAN is not specified	additional commission of EUR 10
Book-to-Book transfer	USD 1
In national currency
Payments executed during Clearing Hours from 9:00AM till 11:00AM	10 cedis
Payments executed during Gross Hours From 11:00AM till 2:45PM	150 cedis
Book-to-Book transfer	2 cedis
Internal Transfers between GCB Branches for non-customers of the Bank (Withdrawal fee)	Encashment of money transferred from our Branches
Foreign currency (USD)	0.2%, minimum commission -USD 10
Foreign currency (EUR)	up to 0.2%, minimum commission -USD 10
National Currency (cedi )	0.1%, minimum commission - cedis 5000
Internal Transfers between GCB Branches for customers of the Bank (Withdrawal fee)	Encashment of money transferred from Osh Branch
Foreign currency (USD)	0.2%, minimum commission -USD 2
Foreign currency (EUR)	up to 0.5%, minimum commission -USD 10
National Currency (Cedi) Withdrawal commission is applied if a transfer amount exceeds KGS 1,000	0.1%, minimum commission - KGS 50
Amendment to and Cancellation of Transfer (OGMT) after execution	USD 10
Amendment to the transfer (OGMT) after execution in SWIFT system
For US correspondent banks:
Up to USD 2000	USD 20
Above USD 2001	USD 30
For European correspondent banks:	USD 100
Sending of the request for transfer cancellation (OGMT) after execution it in SWIFT system
For US correspondent banks:
Up to USD 2000	USD 30
Above USD 2001	USD 50