Description of Product 

A very fast, safe and reliable way of transferring money between two persons or entities anywhere in the world through use of Shwe Bank’s wide correspondent relationships and the SWIFT network. 

Outward SWIFT Telegraphic Transfer 

Sending money to beneficiaries outside Myanmar from your account with Shwe Bank. 

Inward SWIFT Telegraphic Transfer 

Receiving funds to your account in Myanmar from senders outside Myanmar 

Benefits for Customers 

  • Very fast, the recipient is able to receive the funds quickly usually within 24 hours
  • Very safe with practically no risk of loss as bank uses their correspondent banking relationship to conduct settlement
  • Reliability ensured as banks have the necessary internal infrastructure and send and receive messages through authenticate SWIFT messages to ensure that the transfer is executed in a timely fashion and to good order

Key Features 

Business incorporated in Myanmar

  • Sole–Proprietor or Partnership 
  • Limited Company 
  • Joint Venture
  • Individuals
  • US Dollar 
  • Euro 
  • Singapore Dollar 
  • Customer must maintain account with Shwe bank
  • Applicable foreign exchange rate is in accordance with daily Board Exchange Rate of Shwe Bank
  • For outward telegraphic transfers:
  • Customer must have sufficient funds in foreign currency to effect payment
  • Purpose of transfer must be declared
  • Supporting documents required for outward remittance


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Outward Remittance (OTT) :
0.125% of amount remitted, Min. USD 25  
SWIFT Cable Charges USD 3, EUR 2, SGD 4
Inward Remittance (ITT) :
USD 10 per transaction, EUR 8, SGD 12