International Fund Transfer

Other Services > Money Transfer

International Fund Transfer

Other Services > Money Transfer

About International Fund Transfer
(Telegraphic Transfer -TT via SWIFT)

Send funds to and from Myanmar quickly and cost-effectively through Yoma Bank’s global network of correspondent banks. Our expert service teams are ready to guide you through every step of the process.

Why International Fund Transfer is perfect transfer option for you

Key Features and Benefits

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Send worldwide

Quick and cost-effective

MT940 Message Service

Note

For more information, please contact [email protected] (or) visit our branches listed below for SWIFT services.

Types of Remittance & Requirements

Trade

Type of RemittanceRequired Documents
Normal CMP
  • CMP Contract
  • ED (Export Declaration)
Advance CMP
  • CMP Contract
  • Undertaking Letter for ED
Export Proceeds
  • Sale Contract
  • ED (Export Declaration)
 Advance Export Proceeds
  • Sale Contract
  • Undertaking Letter for ED

 

Non-Trade

Type of RemittanceRequired Documents
– Capital Brought in
– Investment
– Capital
– Equity
  • DICA Registration Documents (verified with shareholder name and share percentage + Company Administration)
  • MIC Permit (Myanmar Investment Commission Permit)
  • Undertaking Letter for declaration of investment/capital/equity
  • Copy of previous capital brought in (if required)
Offshore Loan
  • CBM Approval Letter
  • Loan Contract
Expenses and Services charges
  • Agreement (or) Contract
  • Invoice
  • Payment Schedule
Office Expenses for Branch and Representative Office from their HQ
  • Request undertaking letter
Donation
  • Purpose of donation
  • Recommendation letter from the organization
  • Ward recommendation letter
  • Remitter’s recommendation

Trade (Normal TT)

  • Remittance Application Form
  • Tha Ka Form
  • Sale Contract /Purchase Order
  • Import License ( IL ) (if required)
  • Import Declaration / Release Order Notification
  • By Sea
    A – Bill of Lading (B/L)
    B – Delivery Order (D/O) of MPA Copy
  • By Air
    – Airway Bill
  • By Road
    – Cargo Receipt/ Truck Bill
  • Invoice
  • Packing list

Trade (Advance TT)

  • Remittance Application Form
  • Tha Ka Form
  • Sale Contract / Purchase Order /Proforma Invoice
  • Import License ( IL ) (if required)
  • Undertaking letter for submission of ID to endorse after goods have arrived

 

Non-Trade

  • Remittance Application Form
  • Form A

 

Purpose of RemittanceRequired Documents
Package Tour Service
  • Tour schedule include of per person package cost
  • Invoice
  • Withholding Tax
  • Package Tour Service Flyer
– Annual License Fee
– Software Fee
– Consultancy Fee
– Other General Service Charges
  • Agreement (or) Contract
  • Payment Schedule
  • Withholding Tax
  • Invoice
– Salary
– Family Support
– Card Replenishment
  • Contract
  • Income Tax
  • Appointment letter (or) Pay slip
  • Passport copy and VISA copy
– School Fee
– Examination Fee
– Seminar Fee
  • Acceptance letter
  • Invoice with School’s letterhead
  • Bank details of school account name and account number
  • Passport copy
  • VISA copy
  • NRC copy
  • Census copy
– Loan
– Interest
  • Application letter (with company letterhead) to FEMD
  • CBM for loan permission
  • Agreement / contract
  • Repayment loan and interest detail schedule
  • Withholding tax slip
Dividends (Investment / Capital)
  • Agreement / contract
  • Clearance-related documents for payment details
  • MIC permit (Myanmar Investment Commission) if the company is under MIC
  • DICA (Directorate of Investment and Company Administration)
  • Clearance income and expenditure
  • Financial statement of Audit Certificate
  • Withholding tax slip
– Investment
– Capital
– Equity
  • Report to CBM (Oversea Bank Statement)
  • CBM Approval
  • Agreement / Contract
  • Clearance-related documents for payment details
  • MIC (Myanmar Investment Commission)
  • DICA (Directorate of Investment and Company Administration)
  • Clearance of income and expenditure
  • Financial statement of Audit Certificate
  • Withholding tax slip

requirement

Before using this service, please review the following information

International Fund Transfer Details

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FeesCharges
Inward remittancesUSD $10
Outward remittances

  • Up to USD $20,000
  • More than USD $20,000
 

  • USD $25
  • USD $0.125%
SWIFT correspondence feeUSD $2
Fee for non-SWIFT correspondencesUSD $4
Amendment feeUSD $10 + USD $2 (SWIFT fees)

Foreign Currency Account Opening & Remittance Services (Inward & Outward)

  • Yangon Main Branch (IB Branch) USD/EUR/SGD/CNY
  • Hlaing Thar Yar Branch USD/EUR/SGD
  • Star City Branch USD/EUR/SGD
  • Mandalay Main USD/EUR/SGD
  • Yankin Branch USD
  • Muse Branch CNY

Outward Remittance Service

  • Botahtaung Branch
  • Bayintnaung Branch
  • Myaynigone Branch

Note: Document submission is required for outward remittance transactions.

Countries
Correspondent Bank’s Name		CurrencySwift Code
Singapore
UOB (United Overseas Bank)USD, EUR, SGDUOVBSGSG
OCBC (Overseas Chinese Banking Corporation)USD, EUR, SGDOCBCSGSG
DBS (Development Bank Of S’pore)USD, EUR, SGDDBSSSGSG
CIMB S’poreUSDCIBBSGSG
BNI S’poreUSDBMRISGSG
Thailand
Bangkok Public Co.,Ltd (BKK-PCL) (Bangkok)USD, TBHTBKKBTHBK
Krung Thai Bank(Krung Thai Public Co.,Ltd) (Bangkok)USDKRTHTHBK
Kasikorn Bank (Bangkok)USDKASITHBK
Siam Commercial Bank (Bangkok)USDSICOTHBK
Malaysia
May Bank (Kuala Lumpur)USDMBBEMYKL
CIMB (Commerce International Merchant Bank) (Kuala Lumpur)USD, MYRCIBBMYKL
Japan
Mizuho Bank (Tokyo)USD, JPYMHCBJPJT
Sumitomo Mitsui Bank (Sumitomo Banking Corporation)(Tokyo)JPYSMBCJPJT
Hong Kong
United Overseas Bank (Hong Kong) (UOB-HK)USDUOVBHKHH
Germany
BHF Bank (Frankfurt) (Only Incoming)EURBHFBDEFF500
India
United Bank Of India (Kolkata, Calcutta)EURUTBIINBBOVE
South Korea
Kookmin Bank (Seoul)USDCZNBKRSE
Myanmar
Yoma Bank (Yangon)
No. 14, Kyaik Khauk Pagoda Road, Star City, Thanlyin Township, Yangon, 11291, Myanmar.
+95 9 77 977 1000		 MMKYOMAMMMY (YOMA SWIFT CODE)

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