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:

1. Branch (1) Yangon                                       104. Dagon ( South )
2. Branch (2) Yangon                                      105. Dagon ( North )
3. Branch (3) Yangon                                      106. Hlaing Tharyar
4. Branch (4) Yangon                                      107. Mingalardon
5. Branch (5) Yangon                                      108. Tike Kyi
6. Branch (6) Yangon                                      109. Hlaegoo
7. Saving (1) Yangon                                        110. Hmawbi
8. Saving (2) Yangon                                       111. Shwe Pyi Thar
9. Saving (3) Yangon
10. Saving (4) Yangon
11. Kyimyindine
12. Tamwe
13. Thingangyun
14. Insein
15. Kamayut
16. North Okkalapa
17. Thanlyin
18. Naypyitaw
19. Pyinmana
20. Mandalay (1)
21. Mandalay (2)
22. Mandalay (3)
23. Myawaddy
24. Kawkerik
25. Hpa-an
26. Mawlamyaing(1)
27. Mawlamyaing(2)
28. Thaton
29. Bago
30. Monywar
31. Sagaing
32. Meikhtila
33. Shwebo
34. Pyin Oo Lwin
35. Kyaukse
36. Magwe
37. Pyi
38. Chauk
39. Pakokku
40. Myingyan
41. Thayat
42. Minbu
43. Tharyarwady and
44. Nyaung Oo
45. Taunggyi
46. Loilin
47. Loikaw
48. Tarchileik
49. Kyaington
50. Myintkyina
51. Yamethin
52. Moehnyin
53. Dawei
54. Kawtthaung
55. Myeik
56. Kyaukphyu
57. Thantwe
58. Sittwe
59. Bamaw
60. Taungoo
61. Pathein
62. Myaung Mya
63. Thapaung
64. Yekyi
65. Maubin
66. Pyapon
67. Hinthada
68. Theinni
69. Muse
70. Kutkai
71. Lashio
72. Kunlon
73. Tanyan
74. Myaing
75. Yesagyo
76. Seikphyu
77. Namsam(North)
78. Singu
79. Kyunhla
80. Kanbalu
81. Kawlin
82. YeU
83. Yinmarpin
84. WonTho
85. AyaDaw
86. Katha
87. InDaw
88. ShweKu
89. HteeGyaint
90. PhaKant
91. Tanaing
92. Pauk
93. Kyaukpadaung
94. Kyaukme
95. Pale
96. Taze
97. Mintat
98. Matupi
99. Phalan
100. Hakhar
101. Htantalan
102. Kalay
103. Tamu

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.