International Fund Transfer

Personal Banking > Money Transfer

International Fund Transfer

Personal Banking > Money Transfer

About International Fund Transfer

Send funds to and from Myanmar quickly and economically with Yoma Bank’s worldwide network of correspondent banks. Our expert service teams are on hand to guide you through every step of the process.

Why you should use our International Fund Transfer service

Key Features & Benefits

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Send Worldwide

Quick and Cost-effective

Types of Remittance & Requirements

Trade
Type of RemittanceRequired Documents
Normal CMP
  • CMP Contract
  • ED
Advance CMP
  • CMP Contract
  • Undertaking Letter for ED
Export Proceed
  • Sale Contract
  • ED
 Advance Export Proceed
  • Sale Contract
  • Undertaking Letter for ED

 

Non-Trade
Type of RemittanceRequired Documents
Capital Brought in/ Investment /Capital /Equity
  • DICA Registration Documents (Checked with shareholder name and share % + 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 ) (B/L)
    – ( B ) Delivery Order of MPA Copy (D/O)
  • 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 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 and Other General Service Charges
  • Agreement ( OR) Contract
  • Payment Schedule
  • Withholding Tax
  • Invoice
Salary / Family Support/Card Replenishment
  • Contract
  • Income Tax
  • Appoiment Letter (or) Pay Slip
  • Passport Copy and VISA Copy
School Fee/Examination Fee/Seminar Fee
  • Acceptance Letter
  • Invoice with School’s Letter Head
  • Bank Detail of School Account Name and Account Number
  • Passport Copy
  • VISA Copy
  • NRC Copy
  • Census Copy
Loan/Interest
  • Apply Letter (With Company Letter head) to FEMD
  • CBM for loan permission
  • Agreement / Contract
  • Repayment Loan and Interest detail schedule
  • Withholding Tax Slip
Dividends (Investment / Capital)
  • Agreement / Contract
  • Clearance Payment Detail related Documents
  • 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 Payment Detail related Documents
  • MIC(Myanmar Investment Commission)
  • DICA(Directorate of Investment and Company Administration)
  • Clearance Income and Expenditure
  • Financial Statement of Audit Certificate
  • Withholding Tax Slip
requirement

Before using the service, check these information

About International Fund Transfer

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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 (Both Inward & Outward):

  • Yangon Main Branch
  • Myanmar Plaza Branch
  • Hlaing Thar Yar Branch
  • Mandalay Main

Outward Remittance (Document Submission for Outward Remittance):

  • Botahtaung Branch
  • BayintNaung Branch
  • MyayNi Gone Branch

Countries/Correspondent Bank’s NameCurrencySwift 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
YOMA SWIFT CODEYOMAMMMY

No. 14, Kyaik Khauk Pagoda Road, Star City, Thanlyin Township, Yangon, 11291, Myanmar. +95 9 77 977 1000

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