Description:

This service allows transfers between one BCEL account and another. This allows you to pay for goods and services and send money to friends and family. When you transfer money, it will be received fast and securely. All you have to do is specify the account number and account holder’s name and you can transfer the money within just one minute.

Benefits:

  • Transferring money is easy and you can do it 24 hours a day either using an ATM card or online.
  • You can also transfer money from a service unit or branch near you.
  • You can send kip, baht, or dollars and it will be received immediately and securely.

Terms of Service:

  • You must have a savings account or current deposit account at BCEL.
  • You must have authority to order payments from this account or receive power of attorney from someone who does.

Description:

You can transfer cash or funds from your current account or current deposit account easily, speedily, and securely at any BCEL branch or service unit thanks to our online system.

Benefits:

  • BCEL account holders can transfer and receive funds easily and cheaply at any BCEL branch.
  • The transfer process is easy, you can make transfers at a service unit or branch near you, and the transfer of even large amounts is secure.

Terms of Service:

  • You must have a savings account or current deposit account at BCEL.
  • You must have authority to order payments from this account or receive power of attorney from someone who does

Description:

This service allows account holders of BCEL or any other bank to transfer money to friends, spouses, and commercial partners whether or not they hold an account at another bank in the Lao PDR as long as it is located in the same province.

Benefits:

  • This makes it easy and fast to make transfers.
  • You can transfer cash or funds from your BCEL account without having to waste time going into a branch or service unit of the destination bank, which could be a long way away.
  • The money is received immediately and securely.

Terms of Service:

Remittance from accounts: Customers shall be requested to fill in a Domestic fund transfer application form.

Remittance by cash deposit: Customers shall be requested to fill in a Cash Deposit Slip and hand in cash.
The Domestic fund transfer application or Cash Deposit Slip must be adequately and accurately filled in to include such information as:

  • Beneficiary’s full name, ID/Passport number, telephone number and bank (in case the beneficiary has no accounts with the receiving bank) or
  • Beneficiary’s full name, account number and bank (in case the beneficiary has accounts with the receiving bank).

 

Description:

You can make transfers from your savings or current deposit account to another BCEL savings or current deposit account easily, fast, and securely from any BCEL ATM machine.

Benefits: It’s easy. All you have to do is your BCEL ATM card. This saves time and there is no transfer fee. You can make transfers at an BCEL ATM machine near you.Domestic transfers are limited to 99,000,000 kip, 300,000,000 baht, or 10,000 US. The transfer will go through immediately and is security is guaranteed.

Terms of Service: All BCEL ATMcardholders can use this service (whether or not the recipient holds an ATM card).

 

Description:

This service allows transfers to people irrespective of whether they hold a BCEL account. You can transfer money to family, friends, and commercial partners who do not have a BCEL account from any branch or service unit both within the same province and to any other province nationwide.

Benefits:

  • It’s fast and easy to make transfers.
  • You can transfer cash or funds from your BCEL account.
  • This saves time and money and the highly secure transfer will be received within 5 minutes.

Terms of Service:

  • You can use this service by signing a request to the bank and filling in the transfer details as specified by the bank.
  • In the event that you are transferring funds from your account, you must fill in your account details on the transfer form and if you are transferring cash, you have to fill in your account details on the cash transfer form.
  • This form must then be presented to a clerk, who will transfer the money for you. You must complete the recipient’s details clearly and in full; ie., their full name, national ID card number, their telephone number, and which branch or service unit they are to collect the money from.

Name

  AVIS BOL

Description

  • AVIS is a credit note to make fund transfers more convient and secure through issuing Credit Note instead of cash handing
Benefits
  • Customers can transfer money at any BCEL branches and service units
  • Being able to access Internet Banking, meaning that customers don’t need to hand their cash at the bank counter that could be difficult and risky 
  • Credit Note can be used to other banks immediately that customers bring the note by themselves or allow it being sent by the bank    
Terms of Services
  • Customers can transfer money from their bank accounts or cash handing
  • Customers should complete a funds transfer request form or cash handing form provided by the bank
  • Require an authorized signature from the account holder (if having a bank account)
  • If the account holders cannot go to the bank by themselves, they must write a power of attorney letter to allow someone who will act on the holder’ behalf.
  • Their representatives must bring their ID, household registration book or passport.
  • The power of attorney letter should be completed, including A/C name & number of a receiver, a bank’s name that the customer is going to transfer money to
  • Fees: 15,000 LAK/ 2 USD/ 60 THB/transaction

Name

  AVIS BOL

Description

  • AVIS BOL allows customers to transfer funds from other banks to BCEL via Clearing House of Bank of Lao P.D.R
Benefits
  • Convenient fund transfers from one bank to another without risks associated with cash handing
Terms of Services
  • Customers can legally use AVIS BOL being correctly specified A/C number and name of receivers that they deposit with BCEL

Fees (AVIS BOL): 15,000 LAK/ 60 THB, 2 USD/unit

Name

  Funds Transfer via NPS BOL

Description

  • The NPS is a new modern system to support interbank fund transfers via the online NPS of Bank of Lao P.D.R, especially commercial banks     
Benefits
  • Covenient and safe transfers from one bank to another and save time
  • As Interbank Fund Transfers, customers can transfer money to any banks in Laos
Terms of Services
  • Must open a bank account (if don’t have yet)
  • The bank’s name to receive money must be indicated

If customers order to pay by cheques, they must allow deducting money transfers from their own accounts to another receiver. In addition, customers should specify that those transactions will be operated via the NPS. Money can be transfered to any bank account, but it requires those to clearly indicate their purpose with a teller who is responsible for in order to avoid any errors         

Name

  PAYROLL

Description

  • The Payroll Service suits corporations, ministries and organizations that want to pay their staffs in an easy way that is more convenient, reliable and safe 
Benefits
  • Employers can order to pay cheques with unlimited amounts and allow to transfer one account to many other accounts 
  • Conveniently, safely transfer without cash handing in the large amount of money to pay for each employee
  • Ensure that each employee will receive the right amount being paid by their employers
  • Conveniently, safely withdrawing at any BCEL branches and service units across the country  
  • Be able to transfer funds via Internet Banking
Terms of Services
  • Employers who order to pay must open their savings or current accounts with BCEL (if don’t have any)
  • Payroll via BCEL system between BCEL bank accounts are no fee  
  • If Payroll by cheques of other banks, a charge is applied, 15,000 LAK/cheque
  • If Payroll by transferring from a current account to other bank accounts, this requires to fill a form provided by BCEL
  • Employers must provide relavant documents, which should be contained names, A/C number of employees who will receive their salaries, with a authorized signature and stamp (if any) to allow the bank operats Payroll (if transfers at the Counter)   

Name

  Cashier Cheque

Description

  • Convenient, Reliable, Secure in ordering to pay
Benefits
  • Customers can order to pay cheques without any limitations of amount
  • Cashier cheques can be paid domestically to other banks, taxes and national treasury
  • Can be used as a guarantee for an auction
  • Provide secure payment transactions with a reliable detail on cheque, including A/C name and number of receivers to ensure the accuracy of those transactions
Terms of Services
  • Customers must complete a funds request form
  • Cusomters can purchase cashier cheques with the bank by cash or deducting from their bank accounts.
  • If depositing with BCEL, no matter the account holders or not they must strictly comply with the above conditions   
  • Fees (issuance of cashier cheques): 15,000 LAK/ 2 USD/ 60 THB/cheque

Name

  Cheque of Other Banks

Description

  • Visa cheques or cheques of other banks in Laos should have sufficient funds in bank accounts and then you can withdraw or transfer to an account according to the detail specified on the cheques.
  • Everytime ordering to pay, the cheques can be conveniently and safely used instead of cash
  • Only Friday and ending of each month, 8.30 -12.00, cheques will be bought after that the cheques should be sent to Clearing House at 1.30 pm 
Benefits
  • Convenient, reliable and safe
  • Reduce risks associated with cash handing from one to another banks 
Terms of Services
  • Each customer should fill a form provided by BCEL in order to transfer to an account specified on the cheque
  • If personal cheques, they must be certified by another issuing bank where they are holding bank accounts with; however, if cashier cheques can be withdrawed in a condition with only checking a signauture
  • Cheques should be clean, not dirty/dirt while money amount in number and written, date, must be clear and no written abbreviations while official languages should be Lao, French and English or according to Last Regulations regarding Cheque Usage and Notification

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