How can SMEs save money on transfers?
SMEs are the engines that drive a country’s local economy. They create employment opportunities, embrace innovation, creativity and the youth. They also provide opportunities to those looking to improve, develop, and increase their skills. With this in mind, some banks, like Bank al Etihad, play an important role in supporting SMEs by providing them with tailored financial services.
Cutting down business expenses is easier said than done. And after all, expenses somewhat keep your company’s engine moving. And sometimes small expenses that we don’t pay attention to add up faster than we can keep up with them.
For instance, every time your company transfers money locally, you pay an additional fee to the total transfer. And more likely than not, you most probably believe that these fees are inevitable and that there’s no way of avoiding them.
Most SMEs conduct a certain amount of monthly local transfers, the total amount that’s paid by the end of the year on remittance fees can add up to pretty quickly. This also applies to when you transfer your employees’ salaries.
By the time you go back and look at your annual expenses at the end of the year, they’ll see that this costs them thousands in JODs. But there’s good news in all this, Bank al Etihad has launched prepaid transfer bundles to help business owners and growing companies reduce their overall expenses and transfer money without worrying about the extra fees and can even provide same day value for transfers.
These bundles are designed to match the needs of different types of SMEs while enabling them to make transfers at the lowest possible cost. There are 3 different types of bundles to choose from to save and benefit from small monthly fees, starting from 10, 20, to 30 JODs.
The first bundle is ideal for SMEs that perform a small amount of international transfers, usually around 5 transfers a month. The second bundle is suitable for companies that regularly make around 15 international money transfers monthly. The third bundle is designed for larger companies that regularly carry out around 30 international money transfers, as they regularly purchase goods and issue remittances every month.
These 3 transfer bundles allow SMEs to make unlimited local and international money transfers, employee salaries, and deposit money in foreign currencies without paying extra fees. Also, each bundle offers a number of monthly international transfers, starting from 5, 15, and 30 transfers a month.
As a business owner, you’ll be able to focus on what matters and grow your business without worrying about extra fees or how long it’ll take to transfer money. By the end of the year, you’ll enjoy saving more on expenses because of these convenient transfer bundles.
These bundles are exclusive to Bank al Etihad and you can subscribe to the bundle that fits your needs by filling out the from here, or by contacting your relationship manager.
