INTERNATIONAL REMITTANCE

INWARD REMITTANCE

Inward remittance is a transfer of money from overseas bank to MOB bank with  the purpose of receiving fund for trade, services, investment, working capital, company expense, commission fees, tourism business, salary, donation, capital brought in, doing business etc.,

  • 10(USD,EUR,SGD) for Inward Remittance

Required Documents

  • Application Form
  • Form C
  • Documentary Evidence for Remittance Information

OUTWARD REMITTANCE

Outward remittance can be used for Non Trade.

  • 0.125% on Outward Remittance Amount will be collected as remittance fee.
    (Note: Minimum 25(USD, EUR, SGD))
    Swift charges – 3(USD, EUR, SGD)

Required Documents

  • Application form
  • Bank TT Application Form
  • Form A
  • Evidence for Payments
  • Sufficient Bank Balance

WESTERN UNION MONEY TRANSFER SERVICE

MOB was the first bank to facilitate Western Union include Inbound (receive money) and Outbound (to send money)

  • Outbound charges is USD 25/- or MMK 32,000/- per transaction.

Required Documents

Inbound (To Receive Money)

  • Receiver with ID Original for Myanmar / Passport Original with Unexpired Visa for Foreigners
  • Money Transfer Control Number (MTCN)
  • Sender’s Name
  • Sent Amount
  • Sent Country (US, Canada, Mexico should be shown City, State)

Outbound (To Send Money)

  1. Family Support
    • ID
    • Appointment Letter / Work Permit / Employment Contract
    • Family Household Member List For Myanmar Citizens
  2. Travelling Expenses
    • ID
    • Hotel Booking Reservation (Including Room Rate)
    • Air Ticket (Including Airfare and Tax)
    • Bills Issue by Foreign Service Providers
    • Related Bills
  3. Education
    • ID
    • School Fees
    • Entrance Application Letter
    • Related Bills
  4. Examination Fees
    • ID
    • Examination Fees
    • Bills Issued by Service Providers Abroad
  5. Conference Fees
    • ID
    • Seminar and Workshop Attendance Fees
    • Related Bills
  6. Medical Expenses
    • ID
    • Medical Appointment Certificate
    • Bills Issued by Service Providers Abroad
    • Estimated Bill
  7. Donations
    • ID
    • Recommendation Letter from the Ministry of Religious Affairs
    • Documents Relating to the Donation
  8. Inheritance / Real Estates
    • ID
    • Proper Documents
    • Related Documents with Inheritance / Real Estates

MOB & DBS ONLINE BILL PAYMENT SERVICE

To Send money (From DBS Account)

  • Step 1 – Log into www.dbs.com.sg from DBS ibanking
  • Step 2 – Entry to Bill Payment button and then type Receiver’s bank account number with MOB

To Receive money

  • Collect bill payment service charges with SGD-7 /-

General Requirements

  • MMK A/C (or) FCY (USD/EUR/SGD) A/C need to be opened at MOB.
  • Maximum remittance amount is SGD-5000/- per day.

CORRESPONDENT BANK LIST

 
Sr.No Country Bank Name Location
1 Singapore DBS Bank Ltd Singapore
2 National Bank of ABU DHABI PJSC
(Formerly First Gulf Bank)
Singapore
3 UOB Bank Singapore
4 OCBC Bank Singapore
5 E.Sun Commercial Bank Singapore
6 Malaysia May Bank Malaysia
7 Bank AI Habib Limited Malaysia
8 OCBC Bank Malaysia
9 Thailand CIMB Thai Public Co., Ltd
(Formerly Bankthai Public Co.,Ltd)
Thailand
10 Siam Commercial Bank Thailand
11 Bangkok Bank Thailand
12 OCBC Bank, Bangkok Branch Thailand, Bangkok
13 Krung Thai Bank Public Co., Ltd Thailand
14 Bank for Agriculture and Agricultural Cooperatives Thailand, Bangkok
15 KasikornBank Public Co., Ltd. Thailand, Bangkok
16 United Overseas Bank (UOB Bank) Thailand, Bangkok
17 China Yinzhou Bank China, Ningbo
18 ICBC Bank China, Beijing
19 UOB Bank, China Ltd China, Shanghai
20 OCBC Bank, China Ltd China, Shanghai
21 Fudian Bank Co., Ltd China, Kunming
22 Taiwan E.Sun Commercial Bank Taiwan, Taipei
23 First Commercial Bank Taiwan, Taipei
24 Cathay United Bank Taiwan, Taipei
25 DBS Bank, Taiwan Ltd Taiwan, Taipei
26 Export-Import Bank of the Republic of China Taiwan, Taipei
27 Taiwan Cooperative Bank Ltd Taiwan, Taipei
28 OCBC Bank Taiwan, Taipei
29 Taishin International Bank Taiwan, Taipei
30 Taiwan Shin Kong Commercial Bank Co., Ltd Taiwan
31 Hong Kong UOB Bank Hong Kong
32 OCBC Bank, Hong Kong Hong Kong
33 Bangkok Bank PCL Hong Kong
34 United Kingdom Int’l Global Currencies Co., Ltd London
35 Vietnam BIDV Bank (Vietnam, Ho Chi Minh) Vietnam
36 UOB Bank (Vietnam, Ho Chi Minh) Vietnam
37 OCBC Bank Vietnam
38 TIENPHONG COMMERCIAL JOINT STOCK BANK Vietnam
39 UAE, Abu Dhabi National Bank of ABU DHABI PJSC
(Formerly First Gulf Bank)
UAE, Abu Dhabi
40 Japan Sumitomo Mitsui Banking Corporation Japan
41 OCBC Bank Tokyo,Japan
42 Switzerland Banque De Commerce Switzerland
43 Germany Deutsche Bank AG Germany
44 US, Washington International Finance Corporation US, Washington
45 Italy Banca Popolare Di Sondrio Italy
46 India, Mumbai United Bank of India India, Mumbai
47 YES Bank Limited India, Mumbai
48 Ukraine PJSC Bank Credit Dnepr Ukraine
49 France, Paris Bred Banque Populaire France, Paris
50 Korea, Seoul OCBC Bank, Seoul Branch Korea, Seoul
51 Shinhan Bank Korea, Seoul
52 Woori Bank Korea, Seoul
53 Busan Bank Korea, Seoul
54 KOOKMIN BANK Korea, Seoul
55 Indonesia PT Bank Sinarmas Indonesia
56 PT Bank OCBC Nisp Tbk Indonesia
57 Great British Euro Exim Bank Ltd (Representative Office) Great British
58 Pakistan Bank AI Habib Limited Pakistan