FAQ
What documents do I need for foreign currency purchase or currency sale?
- Application letter with company letterhead
- Account holder or authorization persons
- Bank Passbook (original and copy)
For foreign currency purchase;
- Evidences of currency income (Copy)
- Bank charges 3/- USD
(Note: You can transfer MMK to your current Kyats Account or other bank by CBM-Net)
For foreign currency sale;
- Invoice (Copy)
- Bank charges 10,000/- MMK
(Note: You can pay MMK from your current Kyats Account or cheque from other bank or transfer MMK from other bank by CBM-Net)
How to get bank statement?
- Application letter with company letterhead
- Account holder or authorization persons
- There are no charges or fees on this month
- If you want to get bank statement for last periods, you have to pay 1,000/- MMK per month
What documents do I need for making Payment order (PO) and charges?
- Application letter with company letterhead
- Account holder or authorization persons
- Letter from Department and Organization
- Bank Passbook (copy)
- Bank charges 1/- USD (or) 1,500/- MMK
What documents do I need for account close and charges?
- Application letter for Account close with company letterhead
- Meeting Minutes
- Tax clearance certificate (or) Tax clearance letter from IRD (Copy)
- Bank charges 10/- USD for Company Account and 5/- USD for personal account
What documents do I need for withdrawing foreign currency? Is there limitation for withdrawing USD?
You will need following documents;
- Bank passbook (original)
- Withdrawal form (Provide from MFTB)
- You can withdrawal 5,000/- USD per day and two times per week
- Bank charges 1/- USD
What documents do I need for Account transfer and charges for transfer?
- Application letter with company letterhead
- Account holder or authorization persons
- Account to account transfer in MFTB, charges will be 2/- USD
- Account transfer to other banks, outgoing SWIFT charges will be 50/- USD (minimum charges) (or) 0.125 % (above USD 40,000/-)
- Account transfer from other bank, incoming SWIFT charges will be 15/- USD (or) Equivalence MMK