SWIFT REMITANCE | BANKER'S CHEQUES | DEMAND DRAFTS | MAIL TRANSFERS |TRAVELLER'S CHEQUES

SWIFT REMITANCE 

The modern mode of transferring money instantaneously. Our SWIFT code for remittance to Fiji is (BARBFJFJ).

We can transfer money to any country depending upon the customers  requirement. The remittance is sent by wire transfer which means that we send the financial message electronically to our overseas branches as well as our correspondent banks using SWIFT.

ESSENTIAL DETAILS FOR SWIFT REMITTANCE TO FIJI (FROM / TO ANY COUNTRY/BANK)
Our Banks SWIFT code for Remittance to Fiji	BARBFJFJ
Account with Institutions	Please give full detail of Bank, Branch and its complete postal address, where the beneficiary is maintaining account.
Beneficiary Customer	Please give account number, name, address and phone/fax number (if available) of the beneficiary

Sending money to Fiji – from overseas : If the customer is  traveling or living abroad and needs to send money back to Fiji he can do so at most banks. The customer needs the following:

a)     Bank account details of the beneficiary, including bank name and branch, account  name and number

b)     Bank of Baroda's SWIFT identification, which is  BARBFJFJ (this ensures the payment arrives with minimum delay)

Receiving money from overseas :  If the customer is expecting money from overseas, it may be recommend to the customer to have the funds transferred electronically, direct to his Bank of Baroda Bank account. The customer can arrange this by providing his  bank account details to the sender.

 BANKER'S CHEQUES (BC)

• Issued by the Bank to customers for making local payments (i.e., Whenever the customer desires to make the payment for any purchases, payment of telephone / electricity bills, payments to other accounts in other banks etc.)
  
• Banker's Cheques are negotiable instruments payable to order and attract all provisions applicable to an order cheque and are valid for six months from the date of issue and in genuine cases may be revalidated.

DEMAND DRAFTS (DD)

• The most common mode of funds transfer - the Demand Draft system is paper based.
  
• A DD is a negotiable instrument and is made payable to order of the beneficiary.
  
• The DD is valid for six months from the date of issue and in genuine cases may be revalidated (only once not more than one year from the date of issue).
  
• The draft issued by the Bank is equivalent to its promissory note.

MAIL TRANSFERS (MT)

• Mail Transfers (MTs) are issued by any branch of our Bank for transfer of funds between branches through the medium of post offices either for credit of an accountholder or for payment to a certain beneficiary.
  
• The mail transfer is sent by the issuing branch directly to the drawee branch on the same day by Post.

TELEGRAPHIC TRANSFERS (TT)

• Telegraphic Transfers (TTs) are effected for expedious (either on the same day or on the next day) transfer of funds between almost all our major branches for credit or payment to a beneficiary by Telegram / SWIFT / Fax.
  
• Telegraphic Transfer messages conveying transfer of funds by fax can be considered for valuable clients (conditions apply).

TRAVELLER'S CHEQUES (TC)

• Traveller’s Cheques are issued in currency of  USD, AUD, NZD, CAD, GBP.
  
• TCs are available in denomination of 20, 50, 100 in currencies as above at all branches ( 500 denomination available in USD) .
  
• Traveller's Cheques are issued to any Individual and the purchaser has to sign on each Traveller's Cheques at the space provided for in presence of Branch officials at the time of purchase.
  
• The Traveller's Cheques have unrestricted validity period. 
  
• At the time of encashment, purchaser is required to countersign each Traveller's Cheques in the presence of Branch Officials at the space provided. Identification of the purchaser is not insisted by the Bank and payment is made once the signature agree with the one already appearing on the cheque.