Internal Remittance

September 20, 2018  

Where you can remit?

Customers can remit their money to all 296 Bank Branches of MEB throughout the country, Myanma Investment and Commercial Bank and selected Yoma Bank Branches using MEB’s Internal Remittance Services.

E- remittance

MEB’s E- remittance service was launched on June  2015 at Naypyitaw and Pyinmana branch by using internet. This system is provided by DRMI Co.. Ltd, Malaysia for prompt payment of remittance service. There are 111 branches that are providing E- remittance service. These are:

Types of Internal Remittance Services Rendered by MEB

1. Bank Draft
2. Telegraphic Transfer
3. Fax

Bank Draft

Bank Draft remittance can be made among all the MEB Bank Branches as well as between MEB Bank Branches and Myanma Investment and Commercial Bank.

Telegraphic Transfer

Telegraphic Transfer can be made to MEB Bank Branches which doesn’t have fax services.

Fax

Fax remittance can be made among MEB Bank Branches, between MEB Branches and Myanma Investment and Commercial Bank, and some selected Bank Branches of MEB.

Internal Remittance Fees charged by MEB

The following fees on Internal Remittance services are charged by MEB since (17.10.2014).

1. Fixed amount of 5 pyas (0.05%) per
2. K 500 for fax service fee is charged in addition to the above remittance fees for fax remittances.
3. K 500 for online service fee is charged in addition to the above remittance fees for online remittances.
4. K 500 for telegram service fee is charged in addition to the above remittance fees for telegraphic transfers.

External Remittance

MEB has been serving fund transfer services between Malaysia and Myanmar by using May bank Money Express (MME) service since October 2012, and between Thailand and Myanmar by using Krung Thai Bank’s service since April 2017. It was intended for migrant Myanmar worker to send money back smoothly for their families.