FOREIGN CURRENCIES ACCOUNT OPENING (CURRENT)

Product Features

Two types of Current Account can be opened as below:

  • Individual (Personal)
  • Joint (Personal)

Eligible currencies for account creation

  • US Dollar (USD)
  • Euro Dollar (EUR)
  • Singapore Dollar (SGD)

Initial Deposit

  • 100 (USD,EUR,SGD)

Minimum Balance

  • 10 (USD,EUR,SGD) for Personal account

Cash Deposit Charges

  • 1% on Deposit Amount

Cash Withdraw Charges

  • 1 (USD,EUR,SGD)
  • As per guidance of the Central Bank of Myanmar, withdrawal can be made twice a week with the maximum amount of USD-5000 for each time.

Bank Statements

  • Bank Statement, Balance Certificate, Balance Confirmation and Account Verification can be available upon the customer’s request.

Account Close Charges

  • 5 (USD,EUR,SGD) for personal account

Required Documents

Individual/Joint

  • Application Form
  • Passport (or) NRC Copy
  • Visa Copy (for Foreigner only)
  • Foreign Exchange Declaration Form
  • Source of Income (Relevant Documents)
  • Initial Deposit
  • Two Recent Photos