Yuan - Kyat Border Trade Payment Service

Business Banking > Other Services

Yuan - Kyat Border Trade Payment Service

Business Banking > Other Services

About Yuan – Kyat Border Trade Payment Service

All Myanmar businesses involved in Myanmar – China Border Trade can now get Yuan – Kyat Border Trade Payment Service at Yoma Bank Yangon Main Branch and Yoma Bank Muse Branch.

Choose the perfect trade payment service for you

Features & Benefits

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No Fee for MMK Cash Withdrawal Charges

Yoma Certified Chequebook

Monthly Statements

Easily transfer between Yoma Bank Foreign Currency (Chinese Yuan) Accounts

Requirements

For Business Customers

  • NRC/Passport of Authorized Person
  • Visa Page (Valid Business Visa)
  • Application Letter (Company Letter Head with MD/Chairman Signature and Stamp)
  • Initial Deposit Amount
  • Import / Export License (If Import/Export Company)
  • Board of Director’s Meeting Minutes & Meeting Resolution (Company Letterhead with the signatures from more than 75% of persons on DICA’s List)
  • Certification of Incorporation
  • Memorandum of Association (MOA) / Articles of Association (AOA)
  • Myanmar Traders Membership (if applicable)
  • Official Transfer of Authority to the Agent, Invoice and Sales Contract (if with Agent)
requirement
Note

Currently, Yuan – Kyat Border Trade Payment services are only available to business customers engaged in Myanmar – China Border Trade.

Before using the service, please review the following information

Service Details

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  • Account Opening Charges – MMK 10,000
  • Initial Deposit Amount (Currently waived)

  • Foreign Currency (Chinese Yuan) account
  • Foreign Currency (Chinese Yuan) chequebook
  • Inward/Outward Remittance between any Chinese banks and Yoma Bank’s Foreign Currency (Chinese Yuan) account via Telegraphic Transfer (TT)
  • Letter of Credit (LC), Document of Acceptance (DA) and Document Against Payment (DP) services (Border Trade only)
  • Direct transfer between Yoma Bank Foreign Currency (Chinese Yuan) accounts
  • MMK cash withdrawal based on daily exchange rates

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