Remittance Services

About Remittance Services

MTB Bank optimizes global trade by streamlining payment processes and strengthening supplier relationships. Our expert team delivers tailored solutions to enhance efficiency and maximize benefits for importers and exporters.

Inward Remittance

MTB Bank’s Inward Remittance Service offers a secure and efficient way to receive international funds. With our strong correspondent banking network and the SWIFT system, you can count on timely and reliable transactions.

International Trade Products (Require Documents)

(1) Trade Inward Remittance

• Letter Head
• Commercial Invoice (Orginal and Copy)
• Packing List (Orginal and Copy)
• Country of Origin (Orginal and Copy)
• Bill of Lading
• Export Declaration
• SGS (Sea Guarantee Service)

NonTrade

  Capital Bought In, Working Capital, Investment, Commission Fees, Rental Fees ,Donation Fees, Worker   Remittance(Sea Farear)

• Letter Head
• CBM / MIC/ DICA Approval (Orginal and Copy)
• Company Registrations (Copy)
• Company Extract (Copy)
• Repayment Schedule (Orginal and Copy)
• Contract (Copy)
• Invoice (Orginal and Copy)
• Organization (Letter Head)
• လှူဒါန်းငွေဖြစ်ကြောင်း အထောက်အထား(မူရင်း နှင့် မိတ္တူ)
• Appointment Letter
• Contract (မိတ္တူ)

Charges for Inward Remittance

Inward Remittance Commission                                                            USD 15 or Equivalent (EUR/SGD)

For Border Trade

Inward Remittance Commission                                                            THB -100 For any amount

Outward Remittance

MTB Bank’s overseas money transfer service ensures timely and reliable international transactions. Transfers to banks within MTB Bank’s network typically take 1 to 3 working days, while transfers to non-network banks may require up to 5 working days.

Outward Remittance (Trade/Non  Trade)

Trade Outward (License/Non License)

• MTB Bank TT Form (မူရင်း)
• ကုမ္ပဏီ၏ လျှောက်လွှာ(Letter Head)
• သွင်းကုန်လိုင်စင် (မူရင်း နှင့် မိတ္တူ)/ Non-License ဖြစ်ကြောင်းအထောက်အထား (မိတ္တူ)
• Import Declaration / Release Order (မူရင်း နှင့် မိတ္တူ)
• Commercial Invoice (မူရင်း နှင့် မိတ္တူ)
• Bill of Lading (BL) / Airway Bill / Cargo Receipt (မူရင်း နှင့် မိတ္တူ)
• Packing List (မူရင်း နှင့် မိတ္တူ)

Trade Advance T.T (License / Non-License)

• MTB Bank TT Form (မူရင်း)
• ကုမ္ပဏီ၏လျှောက်လွှာ(Letter Head)(Original Document များကိုလာရောက်ပေးမည့် နေ့ရက် ဖော်ပြရန်) (မူရင်း)
• Import License / Non-License ဖြစ်ကြောင်းအထောက်အထား (မူရင်းနှင့်မိတ္တူ)
• Proforma Invoice (မူရင်း နှင့် မိတ္တူ)
• Sale Contract (မိတ္တူ) (Payment Term %)

Non – Trade

(School Fees (Personal/Company), Travel Fees (Company/Personal), Medical Fees, Salary Fees, Membership Fees, Technical Fees, Software Fees, Rental Fees)

• MTB Bank TT Form (မူရင်း)
• Form A (မူရင်း)
• ကိုယ်တိုင်ရေးလျှောက်လွှာ
• Undertaking လျှောက်လွှာ (မူရင်း)
• Other Documents upon cases

Charges for Outward Remittance

Benefit (Remittance )

Telegraphic Transfer (TT) provides a fast and secure method for international fund transfers, utilizing established banking channels with global reach. It offers reliability through trusted financial institutions, ensuring transparency with clear documentation and tracking. TT is flexible, catering to various financial needs, and convenient, with online services available through many banks. Additionally, it allows customers to lock in favorable exchange rates, offering control over costs.

Worker Remittance 

MTB Bank’s Worker Remittance service provides a fast and secure way for overseas workers to send money home, ensuring timely delivery to their families. With competitive exchange rates and low fees, more of your hard-earned money reaches loved ones. Our global reach allows transfers from anywhere in the world, supported by convenient online and mobile banking options for easy, hassle-free transactions. This service plays a vital role in supporting families, covering essential expenses like education and healthcare, while also boosting local economies through increased household spending.