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Transaction Banking provides wide range of value added services to large corporations through its vast network of real-time online branches network. Our structured and customized products enable our customers to realize their sales proceeds swiftly from all over the country, supported by real-time MIS.
The basic products offered by Transaction Banking Division are as under: |
- Collections
- Dividend Warrants Management
- Processing Agent for Utility Companies
- Payments
- Channel Financing
- Local Rupee Drawing Arrangement
- Home Remittances
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| Collections |
This product and its variants enable companies to consolidate funds and MIS from all over the country. The depositors (of mandated companies) simply deposit their funds at designated MCB branches and the funds are credited to the company’s Collection Account, along with instant MIS. Dealers can also use MCB’s web-portal to transfer funds from their accounts to their company’s Collection Account.
Instant MIS is also available to our clients in the following forms: |
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TBD also managed end to end dividend payments for corporate.
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We are dedicated agent for processing of utility bills and other collections for several utility companies to meet their specialized requirement.
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For any queries related to Collections you may contact us on following number PABX +92-21-111-000-111 Ext 2609
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| Payments |
Transaction Banking Division offers bulk fund transfers, allowing our customers to process payrolls and other commercial payments through MCB’s Network. Instant MIS viewing and download options are also available.
https://cmd.mcb.com.pk/mcbpayments/login.aspx
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| Channel Financing |
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MCB Transaction Banking also offers working capital facilities to dealers and vendors of
selected companies under a structured product program. This product enables our customer’s
dealers to leverage themselves and increase their business capacity with their respective
business partners.
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| Local Rupee Drawing Arrangement |
| The Rupee Drawing Arrangement is a product for small banks and financial institutions to use MCB’s vast branch network platform to make payments in areas where their own branch network does not exist, thus extending their reach countrywide. |
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| Home Remittances |
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MCB is the emerging leader in Home Remittances providing a seamless inflow of foreign remittances that are credited in the beneficiary's account within minutes. We also encourage opening of Overseas Pakistani's account through our “Motherland” account product.
We also make cash payment at our designated branches on behalf of Xpressmoney, Samba (Speed Cash Now) and Moneygram.
Payments can also be made using MCBs own system i.e “MCB PAK CASH” (Cash in a Flash) via MCB's entire branch network, these payments can be made at any MCB branch to walk-in customers simply with the provision of their Xpin code and CNIC,no account number is required for such transactions. |
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In this regard you may contact us on following
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For 24/7 please contact MCB Call Center +92-21-111-000-622 |
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And for further details regarding our tie-ups and arrangements with overseas branch network/correspondent and to find out the locations in your country from where money can be sent to Pakistan along with its distribution on MCB branches you may visit the SBP's PRI (Pakistan Remittance Initiative) website http://www.pri.gov.pk/ |
