AYA SWIFT Telegraphic Transfer

Need to send money to or receive money from overseas?
Have full confidence that your funds will arrive safely and quickly when sending or receiving money to and from countries around the world.

Description of Product
A very fast, safe and reliable way of transferring money between two persons or entities anywhere in the world through use of AYA’s wide correspondent relationships and the SWIFT network.

Outward SWIFT Telegraphic Transfer
  • Sending money to beneficiaries outside Myanmar from your account with AYA Bank.

Inward SWIFT Telegraphic Transfer
  • Receiving funds to your account in Myanmar from senders outside Myanmar
Benefits for Customers
  • Very fast, the recipient is able to receive the funds quickly usually within 24 hours
  • Very safe with practically no risk of loss as bank uses their correspondent banking relationship to conduct settlement
  • Reliability ensured as banks have the necessary internal infrastructure and send and receive messages through authenticate SWIFT messages to ensure that the transfer is executed in a timely fashion and to good order
Key Features
Eligible Customers

Business incorporated in Myanmar
  • Sole–Proprietor or Partnership
  • Limited Company
  • Joint Venture
  • Individuals
Available Currencies
  • US Dollar
  • Euro
  • Singapore Dollar
Services Offered
  • Buy and sell foreign currency against Kyats
  • Buy and sell of foreign currency against another foreign currency
Modes of Currency Exchange
  • Exchange Counter (Cash Transaction)
  • Account Transfer from one FCA to another FCA account
  • Account Transfer from or to account with another bank in Myanmar
General Requirements – Documents required for transaction above USD 10,000 equivalent
  • Customer must maintain account with AYA bank
  • Applicable foreign exchange rate is in accordance with daily Board Exchange Rate of AYA bank
  • For outward telegraphic transfers:
    • Customer must have sufficient funds in foreign currency to effect payment
    • Customer must complete Remittance Application Form for outward remittance
    • Purpose of transfer must be declared
    • Supporting documents required for outward remittance
Pricing
Please contact us for more information.
 



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