Foreigner’s Local Currency Account

Foreigner’s Local Currency Account

Your trusted account for Local Currency deposit account.

If you are a foreigner working or residing in Myanmar, you can open Local Currency Account for your daily financial service requirement

Features and Benefits
  • Non-interest bearing account
  • No monthly service fees
  • No daily transactions limit and amount
  • Cash withdrawals and fund transfer can be made anytime at our ATM
  • Flexibly deposit money to your account even on weekends through our CRM or CB Mobile Agents
  • Access your account 24/7 through CB mobile banking and internet banking
  • ATM card can be linked to the account
  • Payment becomes easier with cheque when there is no need to carry cash around.
Rates and Fees

No monthly service fees

Requirement

Minimum Initial Deposit –1,000 MMK

Eligibility
  • Non-citizen with at least 3-month or 72 days continuous stay visa
  • Resident with above 6-month work visa who has been staying consecutively for at least 183 days in Myanmar
Required Documents

Passport and Visa

FAQs
What is Foreigner’s local currency deposit account?

It is a non-interest bearing account for foreigners who are staying in Myanmar.

What is the initial deposit for opening new account?

Initial Deposit for opening new account is 1,000 MMK.

What is the required minimum balance?

Minimum balance is 1,000 MMK.

Is there any interest for this account?

This account is a non-interest bearing account.

How can I make deposit?

There are many ways that you can deposit to your account.

  • CB Bank branches (NRC required)
  • Cheques
  • Payment orders
  • Fund transfer
  • Clearing and collection
  • CRMs (The best part is you can deposit anytime even on weekends and no waiting line ever)
  • CB Bank Mobile Agents.
Can I subscribe to Mobile or Internet Banking services with this account?

Customers can issue ATM card and connect with Internet Banking and Mobile Banking. eStatement, eAlert can be subscribed by paying related fees.

How can make the withdrawal?

Customers can make a withdrawal with cheque or via ATM.

When I lost cheque book, what should I do?

When customers lost cheque book, please contact CB Bank where you opened an account at the first place. Bank will issue new cheque book and charge 2,000 MMK.