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Foreign Currency Account (Current Account)

This account type is particularly suitable for companies, business organizations and entrepreneurs because the account type allows the usage of cheques. Cash can be credited to the current account. Payment can be made by cheques and collection of money can be made in cheques.

Opening Account

Accounts can be opened either individually or jointly by two or more people or in groups such as limited companies, solely owned companies, partnerships / joint ventures, co-operatives, social and religious associations and other clubs, trust accounts, local organizations and government organizations. Accounts can be opened under three currencies: – USD/EURO/SGD with an initial deposit of 100 (USD/EURO/SGD). The minimum balance is 10 (USD/EURO/SGD).  All the holders of current accounts are issued with cheque books. Account holder can use either bearer cheques or ordered cheques.

Withdrawal and Deposit

-You can deposit unlimited amount in the account. (Need to show source of income if deposit amount is over 10,000 USD)

-You can withdraw an amount of 5000 (USD) maximum per cheque (twice a week).

(This can be changed depending on the orders/terms of the Central Bank Myanmar)

Sending monthly bank statements

Bank statements mentioning the deposit and withdrawal will be monthly sent at the beginning of a month to the current account holders. Bank balance acknowledgement certificate will be issued to the account holder(s) only upon request.

  • You can open foreign currency account at Shwe Gone Dine Branch only *
Currency
Buy
Sell
1512
1519
1690
1705
1108
1113
363
367
48.00
49.90
25-06-2019 11:00 AM
 Standing with you Business Banking
CURRENT ACCOUNT

Suitable for companies, business, organization and enterpreneurs.

SAVINGS DEPOSIT ACCOUNT

An annual interest rate of 8.7 % is offered.

FIXED DEPOSIT ACCOUNT

10 % interest for 1year deposit.

CALL DEPOSIT ACCOUNT

An annual interest rate of 6% per annum for 10 million MMK and above and 4% per annum for 10 million MMK under

LOANS

Overdraft Agricultural / Livestock breeding loans, Hire / Purchase Medium-term/Long-term loans and Project loans.

SAFE DEPOSIT

Gold and silver wares and important documents can be kept in our lockers.

INTERNAL REMITTANCE

We can offer a more convenient and faster remittance to owns were there are their branch banks.

Payment Order

Commission is collected pyas 10 for K 100, and the commission ranges from K 100 to K 30,000.