• Business Banking
  • Funds Transfers
  • Inter Branch Transfer

Inter Branch Transfer

  • Anyone can transfer Myanmar currency (Kyats).
  • This remittance can be sent between CB bank branches and other linked Banks.

1. Receive Remittance

  • 1.1 Anyone can transfer Myanmar currency (Kyats).
  • 1.2 This remittance can be sent between CB bank branches and other linked Banks.
  • 1.3 It needs to provide name, ID number, Transfer account number, address and phone-number of both sender and receiver as complete.

2. Remittance Rate

  • 2.1 At present remittance rate is defined MMK 0.05 % and added MMK 500 to any statement for Fax using.
  • 2.2 Remittance rate is defined at least MMK 150. There is no limit on remittance amount.
  • 2.3 We should collect special remittance rate for Special restricted area as occasionally.

3. Sending a remittance (Drawing)

  • 3.1 Bank issues the remittance sender form as free.
  • 3.2 Remittance can be transferred by cash or by using transfer from the accounts.
  • 3.3 Sending Remittance is permitted by the representative.
  • 3.4 Bank provides a receipt in usual remittance time. If you wish to be cancel, add items, or cancel on receipt, the sender must come to the bank with that receipt. Therefore, receipt should be kept as safely.
  • 3.5 When the remittance is made between CB Bank branches, the online will be used. When the remittance is made between CB Bank branches and other banks, Fax will be used in the short period.
  • 3.6 Do not allow to regard something and message in time of remittance.

4. Encashment

  • 4.1 We inform receiver a remittance which send by online (or) Fax as immediate.
  • 4.2 Receiver of remittance should take his/her original ID Card.
  • 4.3 Do not allow to accept remittance as for representative.
  • 4.4 If remittance arrives with two receivers' name, we give it one of them.

5. Confidentialilty

  • 5.1 Bank secretes all data of concern with domestic remittance. All of Bank-Staffs signed and contracted to obey for rule and regulations of secrete as their employment-time.

6. Standing Instruction

You should give Standing Instruction to Bank for performing as following articles on behalf of receiver.

  • A. Bank provides auto-transfer encashment to customer’s favorite account.
  • B. Remittance transfer account should be receiver account.

7. Alteration and Cancellation

  • 7.1 If you wish to be correct an error statement, the person should come to the bank with a receipt together.
  • 7.2 The person should pay the service charge of correction and rejection which defined by bank as occasionally.
  • 7.3 We provide the sender when he wishes to accept the remittance again as unreasonable condition.

8. Dormant Remittance

  • 8.1 Remittances which are not withdrawn over one month will be saved by the branch manager.
  • 8.2 Remittances which are not withdrawn over three months and above will be informed to the sending bank or drawing bank and this information will be sent to Remittance Department, Head Office.

9. Alteration of Terms and Conditions

The board of directors of CB Bank has the authority to add, repeal or to amend these terms and conditions from time to time. The amendments will be made to be known by sticking them on the bank advertising board.