International Fund Transfer via Swift

CB Bank can provide overseas transfer for personal or business payments. Customers can make efficient overseas funds transfer to almost anywhere in the world.

Features and Benefits

Convenient and fast outward remittance
Transfer from any CB bank branches across the country
Transfer from internet banking for non-trade payment up to USD 15,000
No limitation for Trade Payment

** The bank is not allowed to make money transfer to countries on the sanction list under OFAC or international authorities. **

RATES AND FEES (SUBJECT TO CHANGES)

Charges for outward telegraphic transfer

0.125% of remitting amount (Minimum $25) + 2000 MMK cable charges per transaction

Cancellation charges

Cancellation fees - MMK 10,000 (Equivalent foreign currency)

Enquiry charges

Enquiry charges- MMK 10,000 (Equivalent foreign currency)

Amendment charges

Amendment fees- MMK 10,000 (Equivalent foreign currency)

Processing Time

To direct correspondent banks – T+1 (the next banking day)

Advance Payment for Trade Services

30% (max- 50%) advance payment is allowed if the supporting documents are presented.

Advice for outward remittance

The debit advice can be collected at CB Bank or received by e-alert purchased.

REQUIREMENTS

Type of Remittance	Objective of Remittance	Required Documents
Payments of Goods	For Import products or products shipped from other countries	Import License (if needed) Import Declaration Form (ID) Bill of Lading (B/L) or Air Waybill (AWB) and / or cargo receipt Invoice and packing list Cover Letter with Company Letter Head
Service Fees for Payment Services	Management Fees, Royalty Fees	Contract and / or Agreement Bill issued by services providers
	Delivery Fees	Bill issued by service providers
	Product Insurance Premium/fees	Bill issued by service providers No Objection Letter from Myanmar Insurance
	Air Tickets Fees and Freight Charges	Application with Company Letter Head Passenger and Cargo Revenue Statement
Medical Expenses	Healthcare-related Expenses	Passport Bill issued by service providers Abroad
Investment in Business Abroad	Loan Principle and Loan Interest	Application with Company Letter Head Repayment Schedule CBM Approval
	Dividend	Application with Company Letter Head Financial Report Audit Report Income Tax Copy Meeting Minutes MIC Permit Company Registration Form 6/26
	Liquidation	Application with Company Letter Head Meeting Minutes Company Registration Form 6/26 CRD Copy Advertisement from Newspaper CBM Approval
	Air Craft Purchase and Air Craft Rent	Application with Company Letter Head Agreement (Purchase or Rent) AOC (Air Craft Operation Certificate) Form 5 Repayment Schedule
General	Salaries	Passport and Visa Copy Work Permit Job Contract/ Job Agreement Payroll/ Pay Slip
	Education Fees	Passport Copy Education Related Documents (Transcript of Records)
	Travelling Expenses	Passport Copy Air Ticket or Other Transportation Ticket Related Bill
	Compensation	Order of Court
	Donation	Related Reformation Letter (Issued by Organization) Purposed of Donations
	Export Refund	Application with Company Letter Head Form E Sale Contract

Customers have to summit TT application with form THA-KA for trade payment and TT application with form A for non-trade payment.

For More Information, Please Contact

CB Bank (Trade Center)

No.(334/336), Corner of 23rd Street and Strand Road, Latha Township, (11142), Yangon, Myanmar.

Hot Line: +951-378643, +951-378645

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