Remittance service: a Study on Trust Bank Limited

Abstract

Remittance is a transfer of money by a foreign worker to an individual in his or her home country. Trust Bank Limited continuously playing significant role to the economic growth and the livelihoods of people in Bangladesh. Since inception, Trust Bank Limited is very much focused in channeling inward and outward Remittance. This internship report emphasis on the work experience I have gathered as an Intern in the Remittance Department of Trust Bank Limited from June 1st, 2017 until July 31st, 2017. In this report the exemplification of how the Remittance transfers occurs From trust Bank limited to the Global world . Remittance transfers may be domestic or international. From my Internship Period I came to know that while in practice the most important remittance flows are usually migrants’ recurring payments from developed to developing countries. The key participants in a remittance transfer are the sender, the receiver and the remittance service provider. Trust Bank Limited always take proper care in the transparency of remittance services, combined with adequate consumer protection, helps to foster a competitive and safe market for remittances. I did not play any specific designation rather I worked as a random internee, observing the activities related to service Providing System Of Remittance . With my imperfect knowledge and know-how, I tried my exceptional to comprise facts in a complete and untreatable way.