International 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
• Outward TT Application Form
• Form A
• Evidence for Payments
• Sufficient Bank Balance

WESTERN UNION MONEY TRANSFER SERVICE

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

Required Documents

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 – Enter to Bill Payment botton 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