Business

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.