FOREIGN CURRENCIES ACCOUNT (CURRENT)
Product Features
Two types of Current Account can be opened as below:
- Individual (Personal)
- Joint (Personal)
Eligible currencies for account creation
- US Dollar (USD)
- Euro Dollar (EUR)
- Singapore Dollar (SGD)
Initial Deposit
- 100 (USD,EUR,SGD)
Minimum Balance
- 10 (USD,EUR,SGD) for Personal account
Cash Deposit Charges
- 1% on Deposit Amount
Cash Withdraw Charges
- 1 (USD,EUR,SGD)
- As per guidance of the Central Bank of Myanmar, withdrawal can be made twice a week with the maximum amount of USD-5000 for each time.
Bank Statements
- Bank Statement, Balance Certificate, Balance Confirmation and Account Verification can be available upon the customer’s request.
Account Close Charges
- 5 (USD,EUR,SGD) for personal account
Required Documents
Individual/Joint
- Application Form
- Passport (or) NRC Copy
- Visa Copy (for Foreigner only)
- Foreign Exchange Declaration Form
- Source of Income (Relevant Documents)
- Initial Deposit
- Two Recent Photos