CB Bank Launches Free Local Money Transfer Program
CB Bank has launched a free local remittance service. The program runs from September 9, 2021, to September 10, 2021. You can transfer cash over one hundred thousand kyats with a free remittance fee by paying in cash at all branches in Yangon.
Currently, CB Bank is also launching a Bulk Payment service. Bulk Payment is a service that allows you to send money directly to multiple accounts by transferring from your account at once. Thus, companies and business organizations can customize their payroll and regular payments without wasting time and labors thanks to the Business Internet Banking payment system.
Photo Source https://web.facebook.com/CBBankmyanmar
The benefits of using Bulk Payment service are accurate cash management, that there is no wrong amount of money to be sent, that you can pay the exact date you want, that companies and business organizations can save time and manpower, and that it is easy to check cash inflows and outflows on the Business Internet Banking.
Companies or organizations wishing to use Bulk Payment services must open a Corporate Account and apply for Business Internet Banking. An adequate amount must be deposited in the company’s account on a monthly or permanent basis.
Employees who want to get paid by Bulk Payment need to have CB Bank accounts. Suppliers who would like to pay using Bulk Payment will also need to have CB Bank accounts.
More details can be found at the following link.
