CB Bank can provide overseas transfer for personal or business payments. Customers can make efficient overseas funds transfer to almost anywhere in the world.
- 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
** The bank is not allowed to make money transfer to countries on the sanction list under OFAC or international authorities. **
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.
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Type of Remittance |
Objective of Remittance |
Required Documents |
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Payments of Goods |
For Import products or products shipped from other countries |
Import License (if needed) |
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Import Declaration Form (ID) |
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Bill of Lading (B/L) or Air Waybill (AWB) and / or cargo receipt |
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Invoice and packing list |
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Cover Letter with Company Letter Head |
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Service Fees for payment services |
Management Fees, Royalty Fees |
Contract and / or Agreement |
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Bill issued by services provider |
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Delivery Fees |
Bill issued by service provider |
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Product Insurance Premium/fees |
Bill issued by service provider |
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No objection letter from Myanmar insurance |
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Air Tickets Fees and Freight Charges |
Application with company latter head |
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Passenger and cargo revenue statement |
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Medical Expenses |
Healthcare-related Expenses |
Passport |
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Bill issued by service providers abroad |
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Investment in business Abroad |
Loan Principle and Loan Interest |
Application with company letter head |
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Repayment schedule |
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CBM approval |
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Dividend |
Application with company letter head |
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Financial report |
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Audit report |
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Income tax copy |
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Meeting minutes |
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MIC Permit |
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Company registration |
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Form 6/26 |
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Liquidation |
Application with company letter head |
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Meeting minutes |
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Company registration |
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Form 6/26 |
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CRD Copy |
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Advertisement from Newspaper |
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CBM approval |
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Air Craft Purchase and Air craft rent |
Application with company letter head |
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Agreement (purchase or Rent) |
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AOC (Air craft operation certificate) |
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Form 5 |
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Repayment Schedule |
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General |
Salaries |
Passport and Visa Copy |
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Work permit |
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Job contract/ Job Agreement |
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Payroll/ Pay slip |
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Education Fees |
Passport Copy |
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Education related documents (Transcript of records) |
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Travelling Expenses |
Passport Copy |
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Air ticket or other transportation ticket |
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Related bill |
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Compensation |
Order of court |
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Donation |
Related reformation letter (Issued by Organization) |
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Purposed of donations |
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Export Refund |
Application with company letter head |
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Form E |
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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.
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