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Inward Remittance

Receive inward remittances easily from anywhere from the world through our wide network of correspondent banks.

  • Receiving payment for Trade Services
  • Receiving payment for Non-trade Services

Key Benefits

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Fastest way to receive money from overseas
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Prompt notification and same day processing

More Information

  • Receives inward remittance information from remitting bank and notified to customer
  • Customer need to submit a declaration letter for received amount and related documents to uab
  • Fund will be credited to the customer account
  • USD A/C – USD 15.00 per transaction or USD Equivalent for SGD and EURO Account
  • MMK A/C – MMK 10,000 per transaction
  • MMK A/C (Outside Yangon) : (MMK 10,000 + standard transfer charges)

Remark:

  • All these charges and commissions are collected in USD and any related currency will affect the equivalent amount in USD.
  • Any charges and commission of other currency transactions are converted to USD based on the rate determined by the bank.

Main Requirement to transfer from Other Countries

  • MTB SWIFT Code – MYTOMMMY (or) MYTOMMMYXXX
  • Applicant A/C Name and A/C Number
  • Beneficiary A/C Name & A/C Number, Phone number and Full Address
  • Remittance Information

For Trade Transaction:

  • Declaration letter for inward amount
  • Export declaration (ED) (Post Shipment)
  • Shipping Documents (Post Shipment)
  • Proforma invoice (Pre-Shipment)

For Non Trade Transaction:

  • Declaration letter
  • Related documents for inward payment