Fund Alerts

May 05, 2011 (LBO) – Sri Lanka’s Commercial Bank said recipients of remittances through its e-Exchange facility will get SMS alerts when their accounts are credited. 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, a bank statement said.

Senders of remittances must to indicate the mobile number of the recipient to which the SMS should be sent.

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, Commercial Bank’s Deputy General Manager- Operations Sanath Bandaranayake 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.

Those sending remittances can access the bank’s 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.