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.