International Trade and Payments

Handling Global Trade and making payments internationally is simplified at NIB.
Our dedicated relationship managers in the international banking team will assist and facilitate your request with no stress to you.
With our flexible approach to work, attention to details, you can rest assured that your funds will be safely delivered to your suppliers and other beneficiaries.

Our International Trade Services

Trade Finance

Have you identified a new market for your products and services, or perhaps a new cost effective supplier but don't have the funds readily available to capitalize on these opportunities? National Investment Bank's trade finance services could be your solution.

Documentary Credits (LCs)
Standby Letters of Credits

International Payments & Transfers

Paying school fees, mortgages, medical bills or products and services internationally couldn't be easier. At National Investment Bank we facilitate International Payments with funds realized in the receiver's account within 24 hours.

Competitive foreign currency rates offered
Competitive fees and commissions charges

Remittances

Receiving funds from friends and family abroad couldn't be simpler with our dedicated desks in our network of branches, direct payments into your bank account, our customer services team and our international partners.

Direct payments into your bank account
SMS alert notifications

Service Transfers

They are international payments on services like Legal fees, Medical Bills, Educational Bills, Subscriptions and Personal Remittances. Payments are done within 24 hours after receipt of customer request.

Easy and convenient payments
Banks are involved only in the transfer of funds

Advance Payments

It is a method of international trade where the buyer places funds at the disposal of the seller before shipment of the goods/services are done. Payments are done within 24 hours after receipt of customer request.

Payment is made before goods are delivered to the buyer
Banks are involved only in the transfer of funds

Open Account Payments

This method of payment stipulates that the buyer (importer) receives the goods and pays the Seller (supplier) at a later date. Payments are done within 24 hours after receipt of customer request.

Buyer takes delivery of goods before payments are made to the seller
Banks are involved only in the transfer of funds

Documentary/Bills For Collection

This refers to a process, in which a seller instructs his bank to forward documents related to the export of goods to NIB Ltd (buyer's bank), with a request to present these documents to the buyer for payment.

The collection is a straight forward and less expensive mode of settlement
Payment is usually quicker compared to open account

Letters Of Credit (LC) / Documentary Credits

LCs are written undertaking issued by NIB Ltd, on behalf of a buyer, to the seller, to pay for goods or services. The seller must present documents which comply with the terms and conditions of the LC to the bank for payments.

LC can either be Import or Export LC
LC guarantees payment from buyer to seller

Ready to Expand Globally?

Let our international trade experts help you navigate global markets with confidence