International Outbound Via Western Union

International Outbound Via Western Union

Transfer fund securely to other countries through Western Union.

Western Union is a globally accepted and recognized American financial institution for fund transfer in over 200 countries safely and securely.

Features and Benefits
  • Safe: your fund transfer will be carried out by globally recognized financial institutions
  • Secure: with 10 units MTCN (Money Transfer Control Number)
  • Send money and receive in minutes
  • Money can be withdrawn in all CB branches nationwide
Rates and Fees
For beneficiaries No need to pay any remittance fees
For senders Remittance fee of 25 USD for the amount not more than 3,000 USD.
Requirements

For Beneficiaries: Original NRC must be presented and information of the sender name, amount, sending country and MTCN number.

For Sender: Please check the detailed requirements as follow.

Detail Required Documents:

No. Type of Remittance Objective of Remittance Required Documents
1 Payments of Goods For payment of products imported or shipped from foreign countries.
  • Import license (if needed)
  • Import declaration form (ID)>
  • Bill of lading (B/L) or Airway bill (AWB) and/or cargo receipt
  • Invoice and packing list
2 Service fees(For Payment of Service) 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 Ticket fees and Freight charges
  • Application with company letter head
  • Audit Report
  • Passenger and cargo revenue statement
3 Medical Expenses Healthcare-related expenses, such as medical fees
  • Passport
  • Bill issued by service providers abroad.
4 Investment in Business Abroad Loan principal 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
5 General Salaries
  • Passport Copy
  • Work permit
  • Job contract/ Job Agreement
  • Payroll/ Pay slip
Education
  • 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)
  • Purpose of donations
Export Refund
  • Application with company letter head
  • Form E
  • Sale Contract

Other required documents:

  • Customers have to open FCY A/C CB Bank (HO) or Branches
  • Customers have to summit TT application with form THA-KA for trade payment and TT application with form A for non-trade payment.