Remittance

Intra-bank Remittance (IR)

Intra bank Remittance service is a domestic remittance services of drawings and encasements among MTB Branches.

 

Benefits

  • Encashment can be withdrawn by either cash or account transfer against the beneficiary‘s NRC.
  • Online remittance service can be sent amount unlimited.
  • Drawings can be also made by either cash or account transfer.

 

Other Bank Remittance (OBR)

OBR is a type of domestic remittance services of drawings and encashment among MTB branches and other local correspondent bank branches including special regions. Especially for special region remittance, it can be sent money according to specified amount from time.

Local correspondent banks for remittance service are as follows;

  • Myanma Apex Bank (MAB)
  • Myanmar Oriental Bank (MOB)
  • Cooperative Bank (CB)
  • Myanmar Citizen Bank (MCB)
  • Innwa Bank Limited (IBL)

 

Benefits

  • By OBR service of MTB it can make everyone quick and easy remittance service nationwide for social and business purposes.
  • OBR service can be send money by either cash or account transfer.

Requirements

  • Encashment is made by beneficiary’s NRC and then can be transferred to related account.
  • Drawing remittance fees is charged by the rate of respective bank.