Instant transfer

• A cross-border payment solution that does not require any SWIFT transfer and that contributes to the growth of transaction volumes as well as fees and commissions.
• Minimum transfer amount: No minimum transfer amount
• Maximum transfer amount per day: 200,000Usd or equivalent in local currency Price: a fee of 10 USD or equivalent in local currency to be paid by the sender
• Monthly maintenance fees: to be charged to the current account
• Closing fees: 10 000 Frw for the current account and equivalent in foreign currency
• Duration: The service is backet to current account which has no expiration date, you keep it until you decide to close it
• Type of financial assets: Daily spending
• Mandatory insurance: No insurance is required
• Subscription age: The same age as the same that is required for the current account(18 years old as minimum)

Eligibility conditions

• Being an existing BOA-clients in Rwanda or Tanzania and comply with required KYC
• Being Retail in all categories, SME or Corporate
• BOA-Rwanda/Tanzania to be registered in BOA Web and BOA-internet banking
• Accept cross board limit which is less or equal to USD 200,000 and equivalent in other currencies

• Holding a current account
• Completed transfer form
• Providing supporting documents for the transfer raison