Commercial Bank adds cross currency transactions to online banking

The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers between accounts maintained in different currencies other than Sri Lankan rupees.

These transactions can be carried out between accounts maintained under a customers own name in eight major currencies including the US Dollar, British Pound, Euro, Australian Dollar and Japanese Yen, the Bank said. This facility would be available 24/7, 365 days of the year.

Users of Commercial Bank’s Online Banking portal at already enjoy access to an extensive range of services linked to their Rupee accounts.

Besides standard services such as checking balances of their current, savings, investment, loan, and credit card accounts, transfering funds between own accounts and to registered third parties who have Commercial Bank accounts on a real-time basis around the clock, they can apply for Fixed Deposits, Personal Loans and Housing Loans, invest in Treasury Bills and effect payments for share trading.

The Online Banking service also supports bill payments to more than 36 entities in nine categories such as Telephone, Electricity, Water, Credit Cards, Insurance, Pay TV, Education, Sports and Recreation and Rates.


"The versatility of our Online Banking facility continues to grow as we look at maximising its potential to enhance convenience for our customers," Commercial Bank’s Chief Manager e Banking - Pradeep Banduwansa said. "Enabling cross currency transactions on the platform is a huge advancement, and one that will be welcomed by an important customer segment to which anytime-anywhere banking is of great value."

Based on a leading technology framework, Commercial Bank’s Online Banking service offers exceptionally user-friendly menus, and benchmark security and encryption features.

The site also offers news blogs, foreign exchange rates, and a locater for Commercial Bank’s Holiday Banking, 365-day Banking, Extended Banking, and Supermarket Banking centers.

The Bank’s website enjoys one of the higher ratings amongst popular search engines, and is the most popular bank website in Sri Lanka annually averaging over 1,000,000 searches on Google. About 75% of the visitors are local, while the others are from countries such as Australia, the UK, and UAE.

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