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 Remittance Required 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 Remittance Required 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 Remittance Required 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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Fees Charges
Inward remittances USD $10
Outward remittances

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

  • USD $25
  • USD $0.125%
SWIFT correspondence fee USD $2
Fee for non-SWIFT correspondences USD $4
Amendment fee USD $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		 Currency Swift Code
Singapore
UOB (United Overseas Bank) USD, EUR, SGD UOVBSGSG
OCBC (Overseas Chinese Banking Corporation) USD, EUR, SGD OCBCSGSG
DBS (Development Bank Of S’pore) USD, EUR, SGD DBSSSGSG
CIMB S’pore USD CIBBSGSG
BNI S’pore USD BMRISGSG
Thailand
Bangkok Public Co.,Ltd (BKK-PCL) (Bangkok) USD, TBHT BKKBTHBK
Krung Thai Bank(Krung Thai Public Co.,Ltd) (Bangkok) USD KRTHTHBK
Kasikorn Bank (Bangkok) USD KASITHBK
Siam Commercial Bank (Bangkok) USD SICOTHBK
Malaysia
May Bank (Kuala Lumpur) USD MBBEMYKL
CIMB (Commerce International Merchant Bank) (Kuala Lumpur) USD, MYR CIBBMYKL
Japan
Mizuho Bank (Tokyo) USD, JPY MHCBJPJT
Sumitomo Mitsui Bank (Sumitomo Banking Corporation)(Tokyo) JPY SMBCJPJT
Hong Kong
United Overseas Bank (Hong Kong) (UOB-HK) USD UOVBHKHH
Germany
BHF Bank (Frankfurt) (Only Incoming) EUR BHFBDEFF500
India
United Bank Of India (Kolkata, Calcutta) EUR UTBIINBBOVE
South Korea
Kookmin Bank (Seoul) USD CZNBKRSE
Myanmar
Yoma Bank (Yangon)
No. 14, Kyaik Khauk Pagoda Road, Star City, Thanlyin Township, Yangon, 11291, Myanmar.
+95 9 77 977 1000		  MMK YOMAMMMY (YOMA SWIFT CODE)

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