The Yemen Gulf Bank has contact
with a world bank's. So, remittances are issued through the
Bank's correspondents that have a worldwide coverage.
Outward remittances are issued
as per an application submitted by the person requesting the
issuance. The application specifies the requested amount, the
beneficiary's name and address or bank account number, and the
name of bank and branch, if available.
The Bank allows for executing
periodic outward remittances in specified amounts and dates
upon fixed instructions from its clients.
The Bank applies the SWIFT
correspondence system, which is an advanced, speedy, accurate,
confidential and secure system.
Branches receive inward
remittances and payment orders from branches and other banks
for payment to their respective beneficiaries either in cash
or by crediting their accounts.
Commission is levied by the
Bank for its inward and outward remittances, in accordance
with the applicable laws and regulations in each area.