Remittance

A fast, easy and safe way to move your money around Myanmar and abroad!

Local Remittance

We offer the local remittance services to all of our valued customers, with the best options. You can transfer money by using AGD Branches or truemoney, who are our international partner.

Using AGD Branches

Our customers can transfer money to all of our AGD Branches throughout the country. You can also send money to the other banks listed below:

  1. KBZ Bank
  2. AYA Bank
  3. MWD Bank
  4. GTB Bank
  5. MAB Bank
  6. CB Bank
  7. CHD Bank
  8. SMIDB Bank
  9. RDB Bank
  10. INNWA Bank
  11. SHWE Bank
     
Remittance Charges to AGD Bank’s branches
  • The charges are defined as 0.05% of remitted amount plus 500 Kyats for using online or fax
  • The minimum remittance charges shall be 100 kyats
Remittance Charges to Non-AGD banks
  • The charges are 0.05% (or) 0.10% (or) 0.15% of the remitted amount based on the other banks defined charges
  • Plus 500 Kyats for using online or fax
  • The minimum remittance charges shall be defined by the other banks 

 

International Remittance (SWIFT)

We can transfer the fund outside Myanmar to anywhere in the world easily and securely via the Swift Payment Network. The Swift international payment network is one of the largest messaging systems in the world, used by 9000+ banking institutions around the world. 

Overseas Correspondent Banks


AGD Bank has been doing business with the following correspondent banks (through which remittances can be conducted to those accounts kept with AGD Bank):

1. Singapore    
  • Oversea-Chinese Banking Corporation Limited (OCBC)    
  • United Overseas Bank(UOB)    
  • The Development Bank of Singapore (DBS)
  • Malayan Banking Berhad (May Bank)
2. Malaysia
  • Malayan Banking Berhad (May Bank)
3. Thailand    
  • Bangkok Bank Public Co, Ltd
  • Siam Commercial Bank (SCB)
  • Kasikorn Bank Public Company Limited (K Bank)
  • Other International Remittance
  • MoneyGram

truemoney

truemoney and AGD Bank have a strong working relationship that started in 2016. truemoney currently uses AGD Bank's agent facilities as well as our branches, totalling over 1,000 locations across Myanmar.

The one advantage of Mobile Money is that agents will offer services for money transfer in rural areas where no bank branches are located. 

truemoney Myanmar provides a new payment solution with multiple services tailored to the needs of the community. The products of truemoney Myanmar are remittance, top-up and bill payment.

In addition, truemoney not only has branches in Myanmar but also in other ASEAN countries, such as Thailand, Cambodia, Indonesia and the Philippines. 

MoneyGram

Remitting money to and from Myanamr is not that easy. But with MoneyGram you can transfer money from more than 200 countries and get it instantly. 



Fund Transfer from Malaysia 


The fund can be transferred from the branches and its agent of the following institutions in Malaysia:
 

  • Maybank
  • CIMB
  • RIO (erstwhile IME) 

Funds can be transferred directly to a beneficiary account with AGD Bank. In addition, the beneficiary can collect the cash from any AGD Bank branches. However, the beneficiary will need to bring all necessary identification documents and MTCN to receive the payment.

No charges will be incurred to the beneficiary, who will receive the equivalent of remitted FCY amount in MMK as per the applicable exchange rate. 

Fund Transfer from Thailand


Funds can be transferred from the branches and its agent to the following institutions in Thailand: 

  • Kasikon Bank (K Bank) 
  • truemoney 

truemoney Myanmar provides a new payment solution with multiple services tailored to the needs of the community. The products are remittance, top-up and bill payment. truemoney and AGD bank have had a strong working relationship since 2016. truemoney currently uses AGD Bank's agent facilities, as well as our branches, totalling over 1,000 locations across Myanmar. Even including rural areas with no banking services.

Funds can be transferred directly to beneficiary account with AGD Bank. In addition, the beneficiary can collect the cash from any AGD Bank branches. However, the beneficiary will need to bring all necessary identification documents and MTCN to receive the payment.

No charges will be incurred by the beneficiary. The beneficiary will receive the equivalent of remitted FCY amount in MMK as per the applicable exchange rate.