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Outward Remittance 

With SWIFT you can transfer money internationally, it’s a secure way of sending or receiving money from banks around the world. It works by connecting banks using standardized codes for payments. 

Benefits

  • Fast and secure transfer 
  • Transparency  
  • Saves time  

Fees and Charges

  • Outward Remittance Commission – 0.125% on Remittance amount
  • (Min USD 25), Cap for certain clients 
  • SWIFT Charge (USD 3) 

Required Documents

  • Bank’s Application Form 
  • Supporting Documents as per remittance information 

Inward Remittance

SHWE bank provides an inward remittance service when the bank receives funds from an overseas bank for the purposes of payment for  goods, services and other expenses. 

Benefits

  • Alerts on receipt of Funds 
  • Faster Services 

Fees and Charges

Inward Remittance Commission – USD 10 

Required Documents

  • Inward SWIFT MT 103 
  • Supporting Documents as per remittance information