Inward Remittance

Inward Remittance

Through Inward Remittance, you can receive funds from abroad.

Incoming fund transfer from any country by using SWIFT code CPOBMMMY will be notified by the bank and can also receive notification by using e-statement/e-alert subscription. 

Processing Time

All inward remittance from correspondent banks will be processed and credited to customer’s account on next banking day.
Charges

USD 10.00 (Fixed) per transaction  

Amendment, Cancellation, Enquiry- USD 10.00 (Fixed) 
Rate to convert the inward funds

Exchange rate for cross currency transaction up to USD 10,000 will be converted automatically by CB Bank T24 system rate and above USD 10,000 will be converted by Treasury Department daily rate. 
Advice for inward remittance

The credit advice can be collected personally at CB Bank or received by e-statement/e-alert subscription.
Payment instructions needed for Inward Remittance
  • Country Name
  • Bank Name
  • Beneficiary Bank SWIFT Code
  • Beneficiary Account Number
  • Purpose of Payment
  • Overseas Remittance Information with CB Bank

 

To get wire transfer to Myanmar, please advise your remitters as follows :

Bank SWIFT code : CPOBMMMY
Bank Name : CB Bank PCL
Beneficiary Account No. : Beneficiary Account Number with CB Bank
Beneficiary Name & Address : Beneficiary name & address in full details
Intermediate Bank Name : Depositary correspondent Bank of CB bank, UOB, DBS, BTMU etc…
Intermediate Bank SWIFT Code : SWIFT code of Depositary Bank
Purpose of Payment : --------------------------------------
REQUIREMENTS

For general remittance such as salary payment, expenditures and management costs will be checked against the relative documents and will be credited to customer accounts.  

For Capital/ Investment remittances, the transaction will be checked as per Central Bank of Myanmar Rules and Regulations and credit into customer accounts.

Objective of Remittance

 Required Documents
Capital brought in/ Capital Injection
  • Company Registration
  • Company Extract
Offshore Loan
  • CBM Approval
  • Loan Agreement
  • Loan Repayment Plan
  • Repayment Schedule

*All documents are compulsory *
For more information, please contact:

CB Bank (Trade Center)

Trade & International Remittance Division

International Remittance Department

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

Hot Line: +951-378643, +951-378645, +951-370469
FAQs
Are there any charges for cancellation?

USD 10 (Fixed Rate)

What are the eligible purposes for transferring funds from overseas/inward remittance?

  • Company registration fees

  • Capital brought -in

  • Working capital

  • Capital injection

  • Company expense

  • Service charges

  • Commission fees

  • Tourism

  • Salary

  • Donation

  • Aids and grants

  • Compensation

  • Loans

Can the beneficiary receive inward funds that are in foreign currency (USD, Euro, SGD, JPY, and THB) with Myanmar currency account?

Yes, however beneficiary will receive the funds in Myanmar Kyats after foreign currency is converted at CB Bank’s prevailing exchange rate.

What are the required documents for off-shore loan transaction?

  • Loan Agreement

  • Loan Repayment Plan

  • Loan Repayment Schedule

  • Approval from the Central Bank of Myanmar

What documents do I need for large amount of inward funds?

You will need the following documents:

  • For capital transaction: Company registration and Company Extract

  • For donation: MOU and certificate from Ministry of Home Affairs

  • For heritage: Approval from Central Bank of Myanmar

  • For Compensation: Approval from Central Bank of Myanmar