FAQ

Can I add someone to my account?

Yes. If you wish to add someone or more to your account, the account will become a joint account. Everyone whose name is on a joint account can make deposit, withdraw money and view the account.

Joint account can be applied at every branch with NRC of the account holders. A visit to nearest branches in person is a must.

Is there limitation on withdrawal and can I make a withdrawal by representative?
  • There is no limitation on withdrawal amount at the branches.
  • Customers can make withdrawal through their representative with the approval of account holder.
Can I subscribe to Mobile or Internet Banking services with this account?

You can connect with Internet Banking. eStatement, eAlert can be subscribed by paying related fees.

Are there any service charges for Smart Saving Account?

There are no service charges for account maintenance fees.

What is Smart Saving?

Smart Saving is a saving plan that will pay high interest rate according to specific saving amounts.

What are the eligible purposes for transferring funds from overseas?
  • Inward remittance for company registration fees
  • Inward remittance for capital brought -in
  • Inward remittance for working capital
  • Inward remittance for capital injection
  • Inward remittance for company expense
  • Inward remittance for service charges
  • Inward remittance for commission fees
  • Inward remittance for tourism
  • Inward remittance for salary
  • Inward remittance for donation
  • Inward remittance for aids and grants
  • Inward remittance for compensation
  • Inward remittance for loans
What documents do I need for large amount of inward funds?

You will need the following documents:

  • For capital transaction: Company registration and Form A
  • For donation: MOU and certificate from Ministry of Home Affairs
  • For heritage: Approval from Central Bank of Myanmar
What are the required documents for off-shore loan transaction?
  • Loan Agreement
  • Loan Repayment Plan
  • Repayment schedule
  • Approval from the Central Bank of Myanmar
Can the beneficiary receive inward funds that are in foreign currency (USD, Euro, SGC, 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.

How long does it take to transfer funds from overseas to CB Bank?

For direct Correspondent Bank T+1

Non-direct Correspondent Bank may take a week

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