Remittance

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

Local Remittance


We offer local remittance services to all of our valued customers, and we have the best options. You can transfer money securely through our AGD Branches, or truemoney, which is our international partner.

Using AGD Branches


You can transfer money to all of our AGD Branches throughout the country. As an AGD customer you can also send money to the 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
  12. G-Bank
     
Remittance Charges 
 

AGD A/C to AGD A/C and Cash To AGD A/C  (Any Region exclude MUSE) - 

  1. 0.02% - 100million above per transaction 
  2. 0.025% - 10million to 100million per transaction
  3. 0.05 % - under 10million 


AGD A/C to Cash (Any Region exclude MUSE)

  1. 0.025% - 100 Million above per transaction
  2. 0.03% - 10 to 100 Million above per transaction
  3. 0.05% -  under 10 million 
     
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 bank's defined charges, plus 500 kyats for using online or by fax.
  • The minimum remittance charges shall be defined by the other banks.

International Remittance (SWIFT)


We can transfer the fund anywhere in the world outside Myanmar easily and securely via the Swift Payment Network. The Swift international payment network is one of the largest messaging systems in the world, which is 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

For more information, write to us at [email protected] or call 01 239 9333 and we will get back to you.

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 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. 

For more information, write to us at [email protected] or call 01 239 9333 and we will get back to you.

Moneygram


Remitting money to and from Myanmar 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 agents of the following institutions in Malaysia:
 

  • Maybank
  • CIMB
  • RIO (erstwhile IME) 

The fund can be transferred directly to a beneficiary account with the AGD Beneficiary collecting the cash from the AGD Bank Branches. The beneficiary needs to bring the necessary identification documents and MTCN to receive the payment.

No charge to the beneficiary. The beneficiary 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 agents to the following institutions in Thailand: 

  • Kasikon Bank (K Bank) 
  • truemoney 

The fund can be transferred directly to a beneficiary account with AGD Bank Beneficiary collecting cash from the AGD Bank Branches. The beneficiary needs to bring the necessary identification documents and MTCN to receive the payment. 

No charge to the beneficiary. The beneficiary will receive the equivalent of remitted FCY amount in MMK as per the applicable exchange rate.

For more information, write to us at [email protected] or call 01 239 9333 and we will get back to you.