Account Channel

Service Specification

Cash-out MethodDirect credit to bank account in Myanmar Kyat (MMK).
Supported beneficiary account type – Individual
Supported sender type - Individual
Transaction Turnaround Time· Real-time: 24x7 (within 10 minutes)
Area availabilityMyanmar nationwide
Validation / Verification· No system validation or verification on account.
· Real-time credit to account only check account number, name is ignored Amount received Beneficiary received net amount as specified by Sender
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction MMK 6,000,000.00
Minimum per Transaction MMK 100.00
Compliance accumulated limit MMK 13,000,000.00
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Do_Transfer bAccType Value1

Supported Bank

NoNameIssuer Code
1KBZ Bank950001