|Direct to Bank method||Direct credit to bank account in Myanmar Kyat (MMK).|
Supported beneficiary account type – Individual only.
Supported sender type - Individual only.
|Transaction Turnaround Time||· Real-time: 24x7 (within 10 minutes)|
|Area availability||Myanmar 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 received||Beneficiary received net amount as specified by Sender.|
|Transaction Limit||Maximum per Transaction MMK 6,000,000.00|
Minimum per Transaction MMK 100.00
Compliance accumulated limit MMK 13,000,000.00 per day per Beneficiary
|Maximum Beneficiary||No restriction|
|Service Charge||Transaction 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 Process||Cancellation is on best effort basis.|
|Do_Transfer bAccType Value||1|