FOREIGN CURRENCIES ACCOUNT OPENING (CURRENT)
Product Features
Two types of Current Account can be opened as below:
- Company
- Association
Eligible currencies for account creation
- USDollar (USD)
- Euro Dollar (EUR)
- Singapore Dollar (SGD)
Initial Deposit
- 100 (USD,EUR,SGD)
Minimum Balance
- 20 (USD,EUR,SGD) for company account
Cash Deposit Charges
- 1% on Deposit Amount
Cash Withdraw
- 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
- 10 (USD,EUR,SGD) for company account
Required Documents
Company
- Application Form with Company Letter Head.
- Resolution of Board of Director
- Certificate of Exporter / Importer Registration
- Company registration (or) Certificate of In-Corporation
- Fling History
- Address
- Officers details
- Share holdings
- Company authority
- Members Details
- Documents
- Identify card copy / Passport & Visa copy
- Two recent photos of A/C opening customers
- Initial deposit (USD/SGD – 100/-)
Association
- Application Form
- Certificate of Registration of Societies
- Passport (or) NRC Copy
- Executive Member’s Meeting Minute
- List of Executive Members
- Source of Income (Relevant Documents)
- Initial Deposit
- Two Recent Photos (For each person)