Baht – Kyat Exchange Service for Border Trade Businesses
Baht – Kyat Exchange Service for Border Trade Businesses
Baht – Kyat Exchange Service for Border Trade Businesses
Baht – Kyat Exchange Service for Border Trade Businesses

Baht – Kyat Border Trade Payment Service

All Myanmar businesses taking part in Myanmar – Thai Border Trade can now get Baht – Kyat Border Trade Payment Service at Yoma Bank.

The services provided by Yoma Bank are as follows: 
  • Foreign Currency (Thai Baht) account 
  • Foreign Currency (Thai Baht) chequebook 
  • Inward/Outward Remittance between any Thai banks and Yoma Bank’s Foreign Currency (Thai Baht) account via Telegraphic Transfer (TT) 
  • Letter of Credit (LC), Document of Acceptance (DA) and Document Against Payment (DP) services (Border Trade only) 
  • Direct transfer between Yoma Bank Foreign Currency (Thai Baht) accounts 
  • MMK cash withdrawal based on daily exchange rates 


Features and Benefits  

  • MMK Cash Withdrawal Charges – None  
  • Yoma Certified Chequebook – Make easy withdrawals or direct payments without the need for physical cash 
  • Monthly Statements – Receive official statements of your day-to-day banking activities 
  • Account to Account Transfer Charges between Yoma Bank Foreign Currency (Thai Baht) Accounts – 100 Baht (No maximum/minimum transfer limit) 


Requirements 

For Business Customers  

  • NRC/Passport of Authorized Person 
  • Visa Page (Valid Business Visa) 
  • Application Letter (Company Letter Head with MD/Chairman Signature and Stamp) 
  • Initial Deposit Limitation Amount 
  • Import / Export License (If Import/Export Company) 
  • Board of Director’s Meeting Minutes & Meeting Resolution (Company Letter Head with the signatures of more than 75% of persons from DICA’s List)
  • Certification of Incorporation 
  • Memorandum of Association (MOA) / Articles of Association (AOA) 
  • Myanmar Traders Membership (if needed) 
  • Official Transfer of Authority to the Agent, Invoice and Sales Contract (if with Agent) 
  • Account Opening Charges – MMK 10,000 
  • Initial Deposit Amount (Currently waived) 



Available Branches

  • Yangon Main Branch
  • Myawaddy Branch
  • Muse Branch
  • Mandalay Main Branch
  • Bayintnaung Branch
  • Hlaing Thar Yar Branch
  • Yankin Branch
  • Shwe Pyi Thar Branch
  • North Okkalapa (Thiri Yadanar) Branch
  • Myeik Branch
  • Hpa-An Branch
  • South Dagon Branch
  • Nay Pyi Taw Branch
  • Tharkayta Branch
  • Taunggyi Branch
  • Lashio Branch
  • Mawlamyaing Branch

Remark: Currently, Baht – Kyat Border Trade Payment Services are only available to Business Customers doing businesses on Myanmar - Thai Border Trade.