Yuan - Kyat Border Trade Payment Service
Business Banking > Other Services
Yuan - Kyat Border Trade Payment Service
Business Banking > Other Services
About Yuan – Kyat Border Trade Payment Service
All Myanmar businesses taking part in Myanmar – China Border Trade can now get Yuan – Kyat Border Trade Payment Service at Yoma Bank Yangon Main Branch and Yoma Bank Muse Branch.
Choose the perfect payment service for you
Key Features & Benefits
MMK Cash Withdrawal Charges
Yoma Certified Chequebook
Monthly Statements
Account to Account Transfer Charges between Yoma Bank Foreign Currency (Chinese Yuan) Accounts
Service available at Yoma Bank Yangon Main Branch and Yoma Bank Muse Branch
Eligibility & Requirements
to Payment Service
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)
Currently, Yuan – Kyat Border Trade Payment Services are only available to Business Customers doing businesses on Myanmar – China Border Trade.
Before you applied check these information
About Yuan – Kyat Border Trade Payment Service
The services provided by Yoma Bank are as follows:
- Foreign Currency (Chinese Yuan) account
- Foreign Currency (Chinese Yuan) chequebook
- Inward/Outward Remittance between any Chinese banks and Yoma Bank’s Foreign Currency (Chinese Yuan) 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 (Chinese Yuan) accounts
- MMK cash withdrawal based on daily exchange rates