What is an indicative rate?
Indicative exchange rates, are floating exchange rates that not locked/fixed at the time of making of the transfer/transaction. In this type of transactions, the exchange rate applied is the foreign exchange rate at the time of making the transfer or conversion to overseas currencies.
How can I check my SBM account balance?
Your SMS Banking is available via SMS. For Balance Inquiry, type SBM BAL and send to 8727. For Mini Statement, type SBM TRX and send to 8727.
Where can I check exchange rates?
Xe Currency Converter – Live Exchange Rates Today.
What is bank selling rate?
Selling rate: Also known as the foreign exchange selling price, it refers to the exchange rate used by the bank to sell foreign exchange to customers. It indicates how much the country’s currency needs to be recovered if the bank sells a certain amount of foreign exchange.
What does indicative only mean?
Use the word indicative when you want to show that something is suggestive or serves as a sign of something. Your willingness to help out with the charity is indicative of your generous nature. The adjective indicative is usually followed by the word of.
What does indicative decision mean?
Any decision taken by indicative votes would not compel the government into pursuing that course of action, but would show what Parliament wants and where the most votes lie.
How can I get bank statement of SBM?
Please contact your nearest SBM branch to make your request.
- Secure. SBM e-Statements benefit from a two-layer protection mechanism.
- Convenient. View, save and print your e-Statements at your convenience from anywhere simply by accessing your e-mail account.
Why there is a bank buying rate and bank selling rate?
The “Selling Rate” is the rate the bank will sell currency to you. The “buying Rate” is the rate the bank will buy foreign currency back from you. There are also transaction fees and general criteria that needs to be met when purchasing foreign currency, find out more here.