Outward Remittance
- Making payment for Trade Services
- Making payment for Non-trade Services
Required Documents
- Related Documents for Trade Payment (e.g Import License, Import Declaration/ Release Order Notification, Bill of Lading, Air-way Bill, Cargo Receipt/ Truck-way Bill, Commercial Invoice) and other related documents.
- Supporting Documents for Non-Trade Payment (e.g Contract/ agreement or invoice etc.,)
Inward Remittance
- Receiving payment for Trade Services
- Receiving payment for Non-tradeServices
Requirements for Inward Remittance
- Bank SWIFT Code FPBPMMMYXXX
- Applicant A/C Name and A/C Number
- Beneficiary A/C Name, A/C Number, Phone number and Full Address
- Purpose of Remittance
International Quick Money Transfer (Western Union)
- Charges per transaction = 25 USD per Transaction or 32,000 MMK
- Transfer Fees = Pay by Sender
- Transfer time = Depended on different time zones or policy of receiving countries
Requirements
- Sender ID card
- Transfer Amount
- Sender’s Country of Origin
- Receiver Name and ID
- Country of Destination
- Purpose of Remittance