Initial deposit for opening new account is 1,000 MMK.
FAQ
eSavings is paperless financial service (without having to carry a passbook) for Savings. But supported by eAlert for everyday transactions and monthly eStatement.
Customers can make withdrawal any CB Bank branches.
Interest is calculated monthly and the amount will be credited to your account at the end of every 3 months.
Customers can make withdrawal at any branches but remittance fees will be charged if you withdraw in the different regions other than original account issuing region.
You will need the following documents:
- For capital transaction: Company registration and Form A
- For donation: MOU and certificate from Ministry of Home Affairs
- For heritage: Approval from Central Bank of Myanmar
- Loan Agreement
- Loan Repayment Plan
- Repayment schedule
Yes, however beneficiary will receive the funds in Myanmar Kyats after foreign currency is converted at CB Bank’s exchange rate.
For direct Correspondent Bank T+1
Non-direct Correspondent Bank may take a week
- Inward remittance for company registration fees
- Inward remittance for capital brought -in
- Inward remittance for working capital
- Inward remittance for capital injection
- Inward remittance for company expense
- Inward remittance for service charges
- Inward remittance for commission fees
- Inward remittance for tourism
- Inward remittance for salary
- Inward remittance for donation
- Inward remittance for aids and grants
- Inward remittance for compensation
- Inward remittance for loans