BRAC Bank Earnings Disclosure Q1 2018

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Travel Related Services (TRS)
Travel Related Services deals with the sale of Cash FCY against Individual’s Travel Quota and Medical File. This entitlement is for a Calendar Year i.e. from 1st January to 31st December.
As per Bangladesh Bank Guideline –
Travel Quota (For a Calendar Year)
USD 5000 or equivalent for SAARC Countries & Myanmar
USD 7000 or equivalent for Non SAARC Countries
Medical File Quota (For a Calendar Year)
USD 10,000 or equivalent (If patient requires more than USD 10,000 for treatment, Bangladesh Bank’s permission is required)
Required Travel Document for FCY Endorsement –
Valid Passport
Valid Visa
Air/ Bus Ticket (with return)
* Endorsement needs to be done within 2 weeks of departure i.e. one cannot endorse before 2 weeks of departure.
Required Documentation for Medical File -
Valid Passport with Visa (Parent’s Passport for Infant)
Photo copy of Air ticket/ Bus ticket (Original needs to be shown)
Invoice from prospective hospital
Recommendation letter from personal physician
Related medical documents (Prescriptions, Diagnosis Reports etc.)
Previous overseas medical treatment documentation (If any) & Proof of treatment (After return from abroad)
Education Related Services (ERS)
BRAC Bank ERS offers 'Student File' services which eases educational related financial transactions abroad. Student File opening is a mandatory requirement set by Bangladesh Bank for Foreign Exchange transfer to other countries. Through opening Student File, educational related expenses can be remitted abroad.
Why BRAC Bank Student File?
Easy transfer of Tuition Fess & Living expenses
Faster processing of Student File
Flexibility of Foreign Currency endorsement
One Stop Service at Student Service Center
Dedicated service desk in branches
Competitive exchange rate
Eligibility:
Students who have taken admission in regular courses such as undergraduate, post graduate, language course pre-requisite to bachelor degree & professional diploma/ certificate courses in recognized institutions abroad
Student Quota
Education Cost & Living Cost as per estimate furnished by Foreign Institution/University and USD 200 or equivalent for transit expenses
Services offered
Student File Opening
Foreign Demand Draft (FDD)/ Foreign Telegraphic Transfer (FTT) issuance for tuition fees & to pay off living expense
Documents required
Valid Passport
One Passport size photograph
Admission letter issued by the educational institution in favor of the student
Estimation of annual tuition fee, board and lodging, incidental expenses etc. issued by the concerned educational institution
Refund policy
All educational certificate and mark sheet
Visa & confirmed ticket (Required to release the living cost)
For any banking needs please call 24 Hour Call Center 16221 or e-mail us at [email protected]
We will soon be in touch with you
16221 +880 2 55668056 (Overseas Callers)
Complaint Cell
Risk Based Capital (Basel III)
Warning Against Illegal Forex Trading/ Dealing
Green banking