Simplified Payments
Streamline your payment processes with the ease and security of cheques.
Financial Flexibility
Access an overdraft facility to manage cash flow fluctuations (subject to approval).
Benefits
Secured Personal Term Loan with Pledged Immovable Properties
What We Offer
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Competitive Interest: Earn up to 8.5% p.a. on your daily balances, with interest deposited into your account quarterly.
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Unlimited Transactions: Make deposits, withdrawals, and transfers with no restrictions, giving you full control over your finances.
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Branch and Digital Access: Easily manage your account at any of our branches or through our convenient online and mobile banking platforms.
Is This Account Right For You?
This account is perfect for individuals in Myanmar who:
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Want a convenient and flexible account for daily transactions.
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Seek to earn competitive interest on their savings.
Corporate Accounts / Corporate Current Account
Streamline Your Finances with Our Versatile Current Account!
Simplify your company's day-to-day finances with our non-interest-bearing Corporate Current Account. Designed for seamless transaction management, this account offers the convenience of cheque writing and the potential for an overdraft facility to meet your working capital needs.
What We Offer
Is This Account Right For Your Business?
- Cheque Convenience: Make payments quickly and easily with cheques, at no additional cost
- Unlimited Transactions: Enjoy unrestricted deposits and withdrawals, giving you full control over your funds.
- Overdraft Access: Apply for an overdraft facility to cover short-term cash flow needs (subject to eligibility).
This account is ideal for businesses registered in Myanmar that:
- Prioritize convenient and efficient transaction management.
- Frequently use cheques for payments.
- May require occasional short-term financing through an overdraft.
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Interest Rate: as low as 12% p.a.
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Service Charge: 1% – 2% on loan amount
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Loan Tenure: 1 – 3 years
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Pre-Closure Charge: Up to 4% on prepaid amount
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Penalty Fee: up to 3% p.a. (charged daily on overdue days)
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Loan Tenure: 1 – 3 years
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Penalty Fee: up to 3% p.a.(charged daily on overdue days)
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Pre-Closure Charge: Up to 4% on prepaid amount
Before you apply
Before you apply
Interest Rate
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Below 100 million MMK – 8.0% p.a.
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100 million MMK and above – 8.5% p.a.
⦁ No account opening fee
⦁ Account Maintenance Fee of 1,500MMK will be charged if there is no activity for one year.
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Interest Rate: as low as 12% p.a.
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Service Charge: 1% – 2% on loan amount
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Loan Tenure: 1 – 3 years
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Penalty Fee: up to 3% p.a.(charged daily on overdue days)
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Pre-Closure Charge: Up to 4% on prepaid amount
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No account opening fee
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Cheque Book fee (25 pages) – 2500 MMK
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Stamp duty Fee – 125 MMK per cheque book
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Account Maintenance Fee of 1,500 MMK will be charged if there is no activity for one year.
BUSINESS CORPORATE
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Overdraft Facility
Business Name
info@mysite.com
Tel. 123-456-7890
500 Terry Francine Street
San Francisco, CA 94158
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FAQs
Common questions about Corporate Current Account
Yes, you can apply for an overdraft facility, subject to eligibility and approval. Our Corporate Banking team will assess your business's financial standing and cash flow to determine your eligibility.
No, there are no limits on the number or amount of deposits and withdrawals you can make.
Cheques offer a secure and convenient way to make payments, especially for larger transactions. They provide a clear record of payment and can be easily tracked.