SMS updates for Commercial Bank’s e-Exchange recipients

Recipients of remittances via Commercial Bank’s e-Exchange will now receive SMS alerts as and when their accounts are credited, in a new value added service offered by the Bank free of charge.

All recipients who have mobile connections from any mobile operator in Sri Lanka will be eligible to receive these alerts as and when a remittance is received, 24 hours a day, seven days a week, the Bank said.

At the point of sending a remittance, the sender has to indicate the mobile number of the recipient to which the SMS should be sent.

Commenting on the new notification system, Commercial Bank’s Deputy General Manager- Operations Sanath Bandaranayake said: “As mobile technology has become a popular way of communication in various sectors, we decided to adopt SMS to send notifications faster to our e-Exchange recipients.”

He pointed out that the Bank periodically introduces new value added services and promotions to reward the e-Exchange recipients. Besides these value additions, the extensive island-wide network of Commercial Bank branches, a significant number of which are open even on public, bank and mercantile holidays has made the e-Exchange facility a preferred money transfer service among Sri Lankans, he said.

Recipients of remittances can collect their funds from any of Commercial Bank’s 198 computer-linked branches and access monies deposited via the Bank’s ATM network of 417 terminals.

Remitters can access this sophisticated yet cost effective real-time online money transfer facility through a network of agents in 50 countries. The Bank has recently expanded this facility to Saudi Arabia, Malaysia and Lebanon.

Commercial Bank has been adjudged Sri Lanka’s ‘Bank of the Year’ seven times by ‘The Banker,’ ‘Best Bank in Sri Lanka’ for 13 consecutive years by ‘Global Finance’ Magazine, and the Best Bank in Sri Lanka twice by FinanceAsia. It has also been rated ‘Best Local Trade Bank’ in Sri Lanka by the UK based ‘Trade Finance’ magazine.