Outward Remittance

Outward Remittance

CB Bank can provide overseas transfer (Outward transaction) for Trade and Non-Trade Payments. Customer can make efficient overseas funds transfer to almost anywhere in the world.

FEATURES AND BENEFITS
  • Accurate, 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 1,5000
  • No limitation for Trade Payment

** All outward transfers were prohibited to countries under the sanction list **
Processing Time

T+1 (the next banking day)
Charges

0.125% (Min-USD 25.00) + cable charges MMK  3,000 per transaction 

Amendment, Cancellation, Enquiry – USD 10.00 (Fixed) 
Advice for outward remittance

The debit advice can be collected personally at CB Bank or received by e-statement/e-alert subscription.
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) 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 provider
Delivery Fees
  • Bill issued by service provider
Product Insurance Premium/fees
  • Bill issued by service provider
  • No objection letter from Myanmar insurance
Air Tickets Fees and Freight Charges
  • Application with company latter 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
  • Company Extract
Liquidation
  • Application with company letter head
  • Meeting minutes
  • Company registration
  • Company Extract
  • CRD Copy
  • Advertisement from Newspaper
  • Termination Letter
  • CBM approval
  • Government Gazette
Air Craft Purchase and Air craft rent
  • Application with company letter head
  • Agreement (purchase or Rent)
  • AOC (Air craft Operation Certificate)
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 information letter (Issued by Organization)
  • Purposed of donations
Export Refund
  • Application with company letter head
  • Form E
  • Sale Contract

Customers have to summit TT application form and related documents for trade and non- trade payments.
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
Download