For importers of foreign goods and services and exporters of Malawian goods and services, INDEbank provides a range of products and services that can assist in the smooth, timely and efficient undertaking of such transactions.

Foreign Currency Travellers Cheques

Travellers cheques offer an easy and secure means to protect your money when you travel. Travellers cheques are safe as you can cash them only when you need to and only against your signature. INDEbank sells TCs in the following major trading currencies USD, GBP and Euro. The TCs are available in various denominations to suit your needs. INDEbank currently offers American Express TCs which are widely accepted by Financial Institutions across the world.

Foreign Currency Cash

To meet personal expenses (International travel, food expenses) when you travel outside Malawi, Foreign Currency Cash is a convenient way of meeting these needs.

INDEbank customers can get the following Foreign Currency Cash  from all branches of the bank – USD, GBP, Euro and Rand. Limits with respect to Foreign Currency Cash are subject to limits set by the Reserve Bank of Malawi.

Foreign Currency Demand Drafts

INDEbank issues Demand Drafts on behalf of its clients to enable them to make payments for various purposes including the following:

• Application fees for examinations
• Payment for university fees abroad
• Payment for medical treatment
• Any other permitted purpose as per Reserve Bank guidelines.

Demand drafts are issued in major currencies like GBP, Euro, US Dollar and ZAR.

Electronic Money Transfer

For urgent money transfers, INDEbank offers its customers the option to remit or receive funds electronically using the SWIFT network with our correspondent banks.

The following is INDEbank’s SWIFT address: INNKMWMW