SWIFT/BIC codes in Myanmar (Burma)

Finding a SWIFT code in Myanmar (Burma)

On this page you find codes for 37 banks in Myanmar (Burma), 42 codes in all. You need a SWIFT/BIC code mainly for payments across borders, and especially for payments in foreign currencies.

Search for the bank you need below and open its page to see all codes we have and what else a transfer requires. The sections below explain the structure of the codes, what transfers cost and the checks worth doing before a payment.

The structure of a Myanmar (Burma) SWIFT/BIC code

A SWIFT code is either 8 or 11 characters long and the parts always come in the same order. Characters one to four stand for the bank, characters five and six are the country code and the next two mark the location.

You can recognise a code from Myanmar (Burma) from the fifth and sixth characters: they always show the ISO country code of Myanmar (Burma). If those two letters point to another country, the code belongs to a bank in another country – worth double-checking.

The optional last three characters identify a specific branch; XXX means the head office. Choose a branch code just when the recipient explicitly gives you one.

How long does a transfer to Myanmar (Burma) take?

How quickly a payment arrives in Myanmar (Burma) is determined by several factors: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Payments made late in the day or on a weekend or public holiday usually start the next business day.

Many banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR. Keep your transfer receipt until the recipient confirms – you will need it if something goes wrong.

Myanma Economic Bank and its SWIFT codes

Of all banks in Myanmar (Burma), Myanma Economic Bank has the most codes. The head office of Myanma Economic Bank uses MYEBMMMYXXX; that is usually the right code for a transfer.

A large number of codes often means separate codes for branches, departments or services – it says nothing about the size of the bank as such. Making a payment to Myanma Economic Bank? Use MYEBMMMYXXX except when the recipient gives you a branch code.

Receiving money in Myanmar (Burma) from abroad

Someone abroad who wants to pay you will ask for several details about your account, and missing ones are a common cause of delays. Give them your name as registered with the bank, your account number or IBAN, the BIC of your bank and your address, which some banks require.

Look up your bank in the list above, but take the code from your own bank details when in doubt. It helps to include the name and city of your bank.

Do not be surprised if the amount credited is smaller than what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Sending money to Myanmar (Burma) for less

What you pay for a payment to Myanmar (Burma) has more than one component. Besides the fee, intermediary banks may deduct a charge and, if currencies are converted, the bank often applies a rate below the real market rate.

That exchange rate margin is often the largest cost item because it is hidden in the rate. Compare the rate you are offered with the mid-market rate that you find on financial sites; the gap is what conversion costs you.

For a lot of currency pairs, a specialist provider is cheaper than a traditional bank transfer, mainly because of the rate. GoldexPay compares the amount that arrives in Myanmar (Burma) across providers, which makes the cheapest option easy to spot.

Why a transfer to Myanmar (Burma) needs a SWIFT code

Since Myanmar (Burma) does not belong to SEPA, a transfer from abroad normally goes through SWIFT. This means you always need the BIC of the receiving bank, together with the account number or IBAN.

In some countries, accounts are identified by a local account number rather than an IBAN and sometimes a local routing or branch code. Ask the recipient which details their bank requires for incoming international payments. SWIFT payments can pass through correspondent banks.

Verifying a SWIFT code from Myanmar (Burma)

The best place to find the right code remains paperwork issued by the bank, such as a statement or the account page in online banking. If the code you have differs from the code listed here, do not guess.

Our SWIFT/BIC directory is based on public sources that we update periodically. Still, banks merge, rename themselves or change codes. Treat this list as a reference rather than the last word. GoldexPay is not a bank and has no link to the banks in this list.

Fraudsters regularly use payment requests carrying new bank details from what looks like a familiar address. A valid BIC says nothing about whether a request is genuine.