How to transfer funds via FTT/SpeedSend via CIMB OCTO App?

Imagine you are on vacation abroad and suddenly need to send money to friends or family. Are you anxious? If you use the CIMB OCTO app, these problems can be easily solved.

With this app, you can easily use foreign wire transfer (FTT) or quick remittance (SpeedSend) to transfer money, you no longer have to worry about remittance. So, how to do it specifically? Don't worry, let's unlock this magical function step by step!

1. Open the CIMB OCTO app

First of all, of course, open your CIMB OCTO app. Make sure you have successfully logged into your account, which is the basis for subsequent operations.

2. Click the [Foreign Currency Transfer] icon on the homepage

Once you enter the app homepage, you will find various icons.

At this time, don't be confused by the dazzling options, just click on the icon that says "Foreign Currency Transfer".

This icon is youForexThe key to the door of transfer!

3. Select the recipient bank country > recipient currency

Next, you need to select the country where the receiving bank is located. Suppose you want to send money to a friend in Japan, then you need to find "Japan" in the country list and select the receiving currency, such as Japanese Yen. At this point, your target account is basically locked.

4. Select the debit account

Don't forget that you have to choose an account to debit the money from. The app will ask you to choose which account to debit from, and if you have multiple accounts, choose one with enough balance to avoid the embarrassing "insufficient balance" prompt.

5. Select the transfer type (transfer to account/cash collection)

Here, CIMB OCTO gives you a very flexible choice - do you want to transfer the money directly to the other party's bank account, or let the other party go to the local bank branch to collect cash? It depends on your needs. If the other party has an account, directly select "Transfer to Account", if not, you can choose "Cash Collection".

6. Select the currency to send > enter the amount

Next, it’s time to enter the amount. Once you’ve decided on the country and currency you want to remit to, the app will automatically convert the exchange rate, and you only need to enter the amount you want to remit. If you want to transfer $5000, just enter $5000 in the amount box, and the app will take care of the rest for you.

7. Select payment type (FTT / Money Transfer)

Now, you have to choose a remittance method. There are two options here: Foreign Telegraphic Transfer (FTT) and SpeedSend. If you are not in a hurry, you can choose FTT, which is usually cheaper; if the money must be received as soon as possible, then choose SpeedSend, which is more expensive, but the speed will definitely satisfy you.

8. Enter the recipient's address and bank details (if applicable)

Once you've chosen a payment method, the app will ask you to enter the recipient's details. This step is essential to ensure that the money reaches the recipient. Enter the recipient's name, address, and bank account information (if you've chosen to transfer to an account).

9. Enter sender details

This step is relatively simple, just fill in your personal information, including name and contact address. Don't be afraid, this is just to ensure the legitimacy and accuracy of the remittance.

10. Choose payment method

The last and more interesting step is to choose the purpose of the remittance. Are you sending money to a friend for travel expenses or to a family member?LifeWhatever the reason, choosing the right payment method will help the bank understand your motivation for the remittance and avoid any unnecessary trouble.

11. Review and approve the transaction through SecureTAC

Once everything is done, the app will review your transaction through SecureTAC, a secure verification method that ensures that only you can approve the transaction. Once confirmed, you can simply click "Approve" and the money will be delivered to the other party's account or cash pickup point.

Conclusion

Making foreign exchange transfers through the CIMB OCTO app is simple and secure, and it fits the pace of modern life. Whether you choose FTT or Speed ​​Remittance, the whole process is full of technological convenience, allowing you to easily control every detail of cross-border remittances. I believe that as long as you follow the steps in this guide, you will never worry about remittances again.

Remittance is not just a process of transferring funds, it is also a bridge that connects you and me and crosses the distance. Through this app, you can not only help your family and friends in urgent need, but also experience unprecedented efficiency and convenience.Now, open CIMB OCTO and try it out to experience the magic brought by this technology!

Summary of the article:

1. 1. Open the CIMB OCTO app
2. Click the [Foreign Exchange Transfer] icon on the home screen
3. Select the recipient bank country > recipient currency
4. Select Debit Account
5. Select the transfer type (transfer to account/cash payment)
6. Select Send Currency > Enter Amount
7. Select payment type (FTT / SpeedSend)
8. Enter recipient address details and bank details (if applicable)
9. Enter sender details
10. Select payment purpose
11. Review and approve transactions through SecureTAC

The process of transferring money using CIMB OCTO is simple and convenient.Ensure fast and secure transactions, solve the problem of cross-border remittance for you!