To make overseas transfers more accessible and affordable for retail and business customers, digital bank MariBank, has launched its remittance service, MariBank Overseas Transfers.
With the vision to provide simple and reliable financial solutions, MariBank Overseas Transfers is designed to fill banking service gaps identified through surveys conducted within the MariBank ecosystem, catering to both consumers and small and medium enterprises (SMEs).
The new service is currently offered on an invite-only basis with 10 currencies in 13 destinations, with a full rollout set to be available later in April and more destinations to be introduced in the coming months. Transfers will be processed immediately or within one to three business days for most destinations, contributing to smoother cash flows and seamless business operations.
“At MariBank, we’re deeply committed to listening to our customers and understanding their evolving needs. With products like MariBank Overseas Transfers, we’re not just providing solutions—we’re making banking more accessible, affordable, and tailored to the needs of customers,” said Natalia Goh, CEO of MariBank.
Supporting firms moving money abroad
A survey of business owners found that more than 70 per cent have remittance needs and prioritised lower transfer costs. To support SMEs that transfer larger amounts, the digital bank offers competitive exchange rates and ensures they receive the full transferred amount with no extra charges, helping businesses to save more.
Meanwhile, a consumer survey found ‘no transfer fees, no agent fees, no hidden fees’ as key factors when choosing remittance products. MariBank is currently offering zero transfer fees on a promotional basis for all currencies and destinations with competitive exchange rates. The digital bank also delivers a solution for sending Chinese Yuan (CNY) to Mainland China via Alipay, UnionPay, and wire transfers.
Customers can also enjoy cost savings on popular transfers, including Indonesian Rupiah (IDR) and US Dollar (USD) to the United States.
MariBank Overseas Transfers comes on the heels of Mari Invest Income, which was launched in February this year. The company has rolled out comprehensive solutions across savings, borrowing and investment for both retail and SME customers. This newest launch demonstrates the bank’s commitment to providing its customers with simple, reliable, and accessible financial solutions as their needs evolve.
